Power

Ikeja Disco spends N11m on vandalised equipment

Jan 9, 2014

The Ikeja Electricity Distribution Company said it had spent N11m on the replacement of vandalised distribution equipment within its network in the past six months. The company’s management, in a statement on Wednesday, said it had replaced vandalised components in 42 transformer distribution substations across its network. Assistant General Manager, (Public Affairs) of the company,…

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Govt approves NIPP phase II projects

Jan 8, 2014

The Federal Government has approved the next phase of the National Integrated Power Projects (NIPP), to include development of more hydro power stations and increase the electricity transmission grid. The NIPP phase II project, according to the Managing Director, Niger Delta Power Holding Company (NDPHC), James Olotu, would be funded with the proceeds from the…

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Senate C’ttee Chairman on Power calls for unbundling of TCN

Jan 8, 2014

The Chairman of Senate Committee on Power, Mr. Philip Aduda, has called for the review of the Manitoba contract and unbundling of the Transmission Company of Nigeria (TCN). Manitoba Hydro International (MHI) is a Canadian Electricity Company contracted by the federal government to manage the TCN. Aduda, who made the call in Abuja yesterday at…

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Jonathan issues six-month ultimatum on stable power

Jan 8, 2014

President Goodluck Jonathan has issued an explicit ultimatum to managers of Nigeria’s electricity sector, especially the Ministry of Power to as a matter of urgency ensure that the electricity generated is effectively transmitted and distributed across Nigeria within the next six months. Currently, Nigeria has a total installed generation capacity of 6,976.40 megawatts (MW) with…

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How China dominated N358.04b privatisation of power assets, by Nebo

Jan 7, 2014

Minister of Power, Professor Chinedu Nebo, on Monday said the lukewarm attitude and little enthusiasm displayed by Europe nations during the just concluded programme to privatise Nigeria’s power assets, allowed countries like China to seize the momentum, investing billions of dollars in the process. Nebo said this as the EU reaffirmed commitment, this time around,…

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NIPPs: A stitch in time for the power sector?

Jan 7, 2014

Power, in this New Year, remains a critical sector of the nation’s economy. Several billions have been put into the 2014 budget proposal to ensure a stable electricity supply in the country. It is expected that this year will witness a turnaround in the sector with the privatisation of power utilities late last year. This…

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‘Electricity generation dropped by 954 mw in 2013’

Jan 7, 2014

Electricity generation dropped by about 954 mega watts last year, records from the Power Ministry have shown. The records show that on December 30, 2013, Nigeria generated 3,563 mega watts as compared to 4,517 mega watts in December 2012. This represented a drop in generation of 954 mw. The drop in the electricity generation  was…

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Blackout: Transmission Company of Nigeria employs 522 engineers

Jan 7, 2014

The Lagos Regional Office of  Transmission Company of Nigeria, TCN, yesterday, employed 522  engineers as part of efforts to stabilise electricity supply. Mr. Iwuamadi Charles, Principal Manager of TCN, Lagos Region, said in Lagos. Charles said that the employment of the young engineers was part of TCN’s contribution to reduce unemployment and boost electricity supply.…

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FG budgets N25bn for TCN amid operational problems

Jan 7, 2014

Despite operational challenges and the huge funds already approved for the Transmission Company of Nigeria, the Federal Government, in its 2014 budget proposals before the National Assembly, earmarked about N25bn for the firm. Although some management officials of the firm argued that there was no form of internal wrangling leading to operational lapses, our correspondent…

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Managing expectations in Nigeria’s emerging electricity market

Jan 7, 2014

Chineme Okafor writes that ongoing reforms in Nigeria’s electricity supply industry, particularly the privatisation of successor generation and distribution companies created from the unbundling of the defunct Power Holding Company of Nigeria (PHCN), have thrown up challenges that could make or mar the new electricity market. When the federal government handed over successor generation and…

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