Power

Why transmission network cannot withstand 4,000mw capacity

Jun 18, 2013

Fresh facts have emerged that despite the federal government’s efforts to upgrade the transmission infrastructure, the network is still very weak and may be unable to carry a generating capacity of up to 4,000megawatts for a long duration, without collapse. THISDAY gathered from sources at the Transmission Company of Nigeria (TCN) that contrary to the…

Read More

FG sets out timelines for completion of 10 NIPP plants

Jun 18, 2013

As the Federal Government pursues the privatisation programme for the 10 new power stations being built under the National Integrated Power Project (NIPP), it has also unveiled the timelines for the completion of the power stations that are yet to be completed. The time-table for the completion of the power projects, showed that four of…

Read More

Local banks determined to fund investors on power projects

Jun 17, 2013

Banks in Nigeria have resolved to join in funding interested local investors of the 10 National Integrated Power Projects (NIPP) when the privatisation exercise commences by federal government . The banks made the resolve at the last Bankers’ Committee meeting that took place at the Central Bank of Nigeria (CBN) headquarters in Abuja, last week.…

Read More

FG to employ 20,000 PHCN casual workers

Jun 17, 2013

The Federal Government has concluded the process of giving employment to about 20,000 casual workers of Power Holding Companies of Nigeria (PHCN), thus raising hope for preparation and payment of severance benefits to workers in the power sector. The accurate computation and payment of the benefits are also preconditions for the successful handover of the…

Read More

Transmission collapse: Stakeholders fault Nebo on probe committee

Jun 17, 2013

Some stakeholders in the power sector have faulted the decision of the Minister of Power, Prof. Chinedu Nebo, to set up an investigative panel to unravel the causes of the frequent system collapse of the transmission network, saying both the federal government and other relevant stakeholders understood the causes of the system failures. Nebo had…

Read More

Nigeria to leverage on Turkish expertise for new energy mix strategy – Nebo

Jun 17, 2013

The Minister of Power, Professor Chinedu Nebo, has said that Nigeria in its quest for new energy mix strategy would leverage on Turkish expertise in Thermal and Hydro power sources. The minister, who was represented by the Permanent Secretary, Ministry of Power, Amb Dr. Godknows Igali, said that Nigeria offers the best environment for business…

Read More

FG begins to begin payment of severance benefits to PHCN staff

Jun 14, 2013

The Director General, Bureau of Public Enterprises, BPE, Mr. Benjamin Dikki, said the process of payment of severance benefits to all Power Holding Company of Nigeria, PHCN, workers would commence next week. Dikki said individual pay benefits statements of all the staff would be sent to them this week to enable them confirm the figures.…

Read More

FG Woos European Investors on 80% Interest in NIPP Plants

Jun 13, 2013

The federal government Wednesday wooed European investors to acquire 80 per cent stakes in 10 power stations built under the National Integrated Power Project (NIPP), assuring them of maximum support in ensuring the success of electricity business in the country. The Road Show to kick-start the international investment drive for the divestment of government stakes…

Read More

TCN acquires N471m software to monitor electricity lines

Jun 13, 2013

The Transmission Company of Nigeria has announced the acquisition of a N471m software to enable it monitor activities on power transmission lines and other electricity distribution infrastructure in the country. The General Manager, Design and Construction, TCN, Mr. Mike Ezeudenna, said the software would also help in the accurate evacuation of power by the company.…

Read More

Osun and UN install 78.94-kW hydro power plant

Jun 13, 2013

The Osun State Government and the United Nations Industrial Development Organisation have started the installation of 78.94 kilowatts hydro power plant in Ikeji-Ile community of Osun State. Indigenes and residents of Ikeji-Ile trooped out in large number, on Saturday, to witness the arrival of the two turbines, which would power hydro electricity from the stream…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...