Power

Electricity liability firm’s debts rise to N713b

Dec 16, 2013

The Managing Director/Chief Executive Officer of the Nigeria Electricity Liability Management Company (NELMCO) Limited, Dr. Samuel John Agbogun, has put the firm’s outstanding liabilities at over N713 billion. According to him, the liabilities were debts owed creditors including the Independent Power Producers (IPPs), pensioners of the defunct Power Holding Company of Nigeria (PHCN) and power producers.…

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Rural electricity: Reps’ committee queries minister over N5b unspent fund

Dec 16, 2013

The House of Representatives has expressed doubt over the ability of the Rural Electrification Agency (REA) to supply power to rural parts of the country. The lawmakers’ vote of no confidence on REA followed the reported inability of the agency to spend N5 billion earmarked for rural electrification this year. The agency reportedly received N5…

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Power investors blame staffing problems for poor performance

Dec 16, 2013

The new owners of the recently privatised power plants are still complaining. This time, the investors declared that the unresolved staffing issues in the industry remained a major challenge impeding their smooth operations. The power investors had in the past complained about a number of issues, ranging from poor public awareness of the payment of…

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Power: Asaba sub-station will be ready in April – Site engineer

Dec 16, 2013

The Asaba power sub-station being constructed by AK-Ay Elektrick would be ready for inauguration in the first quarter of 2014, the Site Engineer, Mr Odinaka Amobi, said. Amobi gave the assurance in an interview with the News Agency of Nigeria (NAN) at the project site in Asaba. He said the sub-station, with six feeders, would…

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FG urges power firms to install quality facilities

Dec 13, 2013

Minister of Power, Prof. Chinedu Nebo, yesterday urged the new power firms to ensure quality installation and maintenance of electricity components across the country. Nebo reiterated the commitment of the newly established Electricity Management Services Ltd (EMS) in ensuring that only original equipment are used by generation and distribution companies. Speaking at a media parley…

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PHCN privatisation, greatest achievement of govt – Nebo

Dec 13, 2013

The Minister of Power, Prof. Chinedu Nebo, at a media chat in Abuja, on Thursday, described the privatisation of the power sector as one of the greatest achievements that could be recorded by any government. According to him, the privatisation process was followed through diligently despite the many challenges and bottlenecks that characterised it. Nebo…

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Huge skills gap exists in electricity industry – NERC

Dec 12, 2013

The Nigerian Electricity Regulatory Commission (NERC) has said that a huge gap exists in the area of technical, policy, administrative and management skills in the Nigerian electricity industry. To close the gap, the commission’s chairman, Dr Sam Amadi, stated that all stakeholders need to formulate strategies that would help to accelerate the type of knowledge…

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NERC insists on 100% safety compliance for electricity workers

Dec 12, 2013

The Nigerian Electricity Regulatory Commission (NERC) has insisted on strict compliance to health and safety rules for all workers in the Nigerian Electricity Supply Industry (NESI). NERC’s Chairman, Dr. Sam Amadi, stated this at the inception of a 3-day health and safety workshop organised by NERC alongside the National Emergency Management Agency (NEMA) on Tuesday.…

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FG limits States’ intervention in power generation – Fashola

Dec 12, 2013

Lagos State Governor, Mr. Babatunde Fashola (SAN), Wednesday said the Power Reforms Act which the National Assembly enacted to regulate the power sector, limited how the 36 states of the federation could intervene in power generation. He said the state alone contributes about $90 billion to the country’s Gross Domestic Product (GDP), thereby attributing the…

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Energy infrastructure to get $50m boost

Dec 11, 2013

The Alternative Investment arm of Old Mutual Investment Group, said it will stake $50million under the Nigeria Infrastructural Development Fund effect from next year. It also said it will spend part of its $5 billion investment fund mapped out for Africa in the country’s power sector. Rojie Kisten, Head of Capital Raising of  Old Mutual…

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