Power

Ibadan Disco blames poor power supply on vandalism

Jan 29, 2014

The Ibadan Electricity Distribution Company on Tuesday gave an assurance to customers of its commitment to provide stable electricity, but blamed the recent outages on inadequate load allocation from the Transmission Company of Nigeria and vandalism of gas pipelines. The company’s franchise covers Ogun, Oyo, Osun and Kwara states as well as parts of Ekiti,…

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Seven power plants down as electricity supply worsens

Jan 29, 2014

At least seven power plants in the country are currently not producing electricity as a result of gas shortage, multiple faults as well as ongoing maintenance and rehabilitation works. As of Tuesday, two hydro, three National Integrated Power Projects and two Independent Power Project stations were down with zero contribution to the national grid, thereby…

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UBA commits $700m to power sector

Jan 29, 2014

The United Bank for Africa Plc has extended $700m (N113bn) in funding to different investors toward the acquisition of power assets in Nigeria’s recently privatised power sector. A statement by the bank quoted its Group Managing Director, Mr. Phillips Oduoza, as giving this figure while speaking on the sidelines of the World Economic Forum in…

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BPE, NERC to ensure power firms keep agreements

Jan 28, 2014

The Bureau of Public Enterprises has said that it will collaborate with the Nigerian Electricity Regulatory Commission to ensure that the privatised electricity distribution and generation companies comply with the agreements they signed with the Federal Government. The Director-General, BPE, Mr. Benjamin Dikki, said this at a one-day training on post- privatisation monitoring organised for…

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Power: Nigeria loses 2,994MW to gas shortage, faults

Jan 28, 2014

Shortage of gas, faults and maintenance works on plants have combined to reduce power generation in the country to 3,674.9 megawatts from the 6,668.6MW available capacity of the power stations as of Monday. Available generation records from the National Control Centre and the Transmission Company of Nigeria showed that 2,993.7MW was the quantum of electricity…

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‘Flared gas enough to solve Nigeria and Africa’s electricity crisis’

Jan 28, 2014

Representatives of Soprise Impact Organisation, an oil and gas consultancy firm based in Europe and the United States, on Monday told the Senate Committee on Gas that Nigeria was wasting about 1.1 million cubic feet of gas daily, which was capable of providing electricity to 20 million houses. The Chief Executive Officer, Soprise Impact Organisation,…

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TCN boss tasks workers on service delivery

Jan 28, 2014

The new Managing Director and Chief Executive Officer of the Transmission Company of Nigeria (TCN), Mr. Mack Kast, has charged the company’s management team to work together to meet the expectation of Nigerians in ensuring efficient delivery of its mandate of wheeling generated power to distribution companies nationwide. Addressing the members of the top management…

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Power supply worsens as Shiroro Plant shuts down

Jan 27, 2014

Nigerians are to experience inevitable shortage of power supply as current electricity generation is to drop by 300 mega watts. As a result of this the ongoing loadshedding will worsen as the generation companies have not offered any alternative in spite of the presidential directive to them. A statement issued by public affairs manager of…

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Nigeria to see over $80 billion investment in power, industrial sectors over next 5 years

Jan 27, 2014

Nigeria expects more than $80 billion in investment in the next five years to spur the West African nation’s industrial development, Trade and Investment Minister Olusegun Aganga said. China Power International Development Ltd., Siemens AG and General Electric Co. and Brazil’s Centrais Eletricas Brasileiras SA have pledged investments worth “over $50 billion alone” in the…

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CWG backs technology use to tackle power challenges

Jan 27, 2014

A leading Nigerian technology solution company, Computer Warehouse Group (CWG), has called for the use of grid and metering solutions to deal with consumer-related challenges like power theft, poor transmission and distribution planning as well as inefficiencies that had leads to high aggregate technical and commercial losses. The solution, which was recently launched at the…

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