Power

Nigeria requires 160,000 megawatts to end power outage – Expert

Apr 15, 2014

An expert, Prof. Phillip Dayo, on Monday said Nigeria should be able to generate about 160,000 megawatts of electricity to have steady power supply. The expert, a professor of Engineering at the Federal University, Utuoke, Bayelsa, made the observation in an interview with the News Agency of Nigeria (NAN) in Lagos. He said the country’s…

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Schneider Electric launches reward programme for electricians

Apr 15, 2014

 Schneider Electric, the global specialist in energy management, yesterday, in Lagos  launched the Schneider Electric Green Currents loyalty programme for electricians as part of its initiative to develop the electrical retail business in Nigeria. Speaking at a special induction event to welcome the first 250 members of the club in Lagos, Marcel Hochet, Country President,…

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NERC adjourns appeal against EKEDC

Apr 15, 2014

The Nigeria Electricity Regulatory Commission, NERC, last week, adjourned indefinitely the case between Mayfair Gardens and the Eko Electricity Distribution Company, EKEDC, pending a thorough inspection of the entire Mayfair Gardens electrical infrastructure by the appeal panel before making a ruling on the matter. NERC had on April 4, 2014, commenced hearing on appeal against…

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Fed Govt shops for N200b to settle PHCN’s debts

Apr 15, 2014

The Nigeria Electricity Liability Management Company (NELMCO) yesterday said it is shopping for N200 billion seed fund. It said the fund will give it an edge during negotiation for discounts in the course of paying for liabilities to the defunct Power Holding Company of Nigeria’s (PHCN) creditors. Its Managing Director, Mr. Sam Agbogun made this know at…

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Nnaji seeks strong regulations, institutions in power sector

Apr 15, 2014

A former Minister for Power, Professor Bart Nnaji has stated that for the reforms in the power sector to be sustained, there must be strong institutions and regulations that would ensure continuity and protect the consumers and investors. Speaking at the just-concluded 7th Lagos Economic Summit tagged ‘EHINGBETI 2014,’ Nnaji said it was very critical…

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Ikeja Disco plans to allocate 1,320mw to Lagos

Apr 15, 2014

The Ikeja Electricity Distribution Company (IKEDC) has written to the Nigerian Electricity Regulatory Commission (NERC) to signify its intention to allocate 1,320megawatts expected from the doubling of the current capacity of the Egbin Power Plant to Lagos State. Speaking at the just-concluded 7th Lagos Economic Summit tagged ‘EHINGBETI 2014,’ the Managing Director of Sahara Power,…

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Stanbic IBTC enjoins SMEs to tap into power reforms

Apr 15, 2014

Chief Executive Officer of Stanbic IBTC Holdings, a member of Standard Bank Group, Mrs. Sola David-Borha, has called on small and medium scale enterprises in the country to tap into the power sector reforms for business growth. She made the call at the 7th Lagos State Economic Summit where she was a panelist at one…

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More workers to lose jobs in power firms

Apr 15, 2014

Fresh facts emerged on Monday that thousands of workers in the electricity generation and distribution companies would lose their jobs as the six-month contractual employment given to them by the new investors expires on April 30. Already, tension is mounting across the companies as the workers’ fate hangs in the balance. The Federal Government had…

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FG to transfer part of N757bn PHCN legacy debt to DMO

Apr 15, 2014

The federal government has disclosed its plans to transfer all legacy debts that arose from foreign loans that were left behind by the defunct Power Holding Company of Nigeria (PHCN) to the Debt Management Office (DMO) for cancellation. It also stated that it would write off all debts which the defunct PHCN owed other government…

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Eko Disco targets 500mw captive power, embedded generation

Apr 15, 2014

The Eko Electricity Distribution Company (EKEDC) is to negotiate with 45 companies on embedded power generation and additional two companies on captive power as part of its efforts to achieve the ambitious long-term target of generating 500megawatts of electricity to the local grid. Speaking at the recent 7th Lagos Economic Summit tagged ‘EHINGBETI 2014,’ the…

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