Power

‘Ughelli Power Plant can only boast of 300 MW’

Oct 28, 2013

Only 300Megawatts out of 972 Megawatts of electricity at the Transcorp Ughelli Power Plant, Delta State is dependable, the Company’s Chief Executive Officer, Adeoye Fadeyibi, has said. He told The Nation that the company met 972 megawatts on ground, but discovered that there is only 300 megawatts capacity. He said the company has enough gas…

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FG may stop electricity subsidy in 2014 – NERC

Oct 28, 2013

The Federal Government may discontinue the provision of subsidy on electricity for low income consumers from next year, the Nigerian Electricity Regulatory Commission has said. This, according to the commission, will affect low income electricity consumers in the Residential 1 and 2 and Commercial-1 cadres. The General Manager, Government and Consumer Affairs, NERC, Dr. Tony…

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GE attracts Italian investors to Nigerian power sector, others

Oct 25, 2013

Three Italian companies, Allimep, Duemme and Sime, have entered Nigeria and are targeting the country’s engineering industry with the ultimate aim of providing support to the private sector-driven power sector as well as the oil and gas industry, among others. Our correspondent learnt on Thursday that General Electric, a global infrastructure manufacturer, attracted the three…

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FG targets N512bn from NIPP plant sale

Oct 25, 2013

The Federal Government has said it expects to garner $3.2bn (N512bn) from the sale of the 10 power plants constructed under the National Integrated Power Project. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, said this in a speech delivered at the stakeholders’ forum organised by the Investments and Securities Tribunal to mark its 10 years…

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‘78% of Nigerians use alternative energy’

Oct 24, 2013

Seventy-eight percent of Nigerians still use alternative sources of energy  to fill the supply gap by the Power Holding Company of Nigeria (PHCN),an opinion poll conducted by NOI Polls Limited has revealed. It however said 67 percent of Nigerians are quite hopeful that the ongoing power sector reform and privatisation process would yield some positive…

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Power supply: Jonathan seeks EU support

Oct 23, 2013

President Goodluck Jonathan on Tuesday sought the support of the European Union for the Federal Government’s ongoing efforts at ensuring stable electricity supply in the country. A statement by his Special Adviser on Media and Publicity, Dr. Reuben Abati, quoted the President as making the appeal while granting audience to the new Ambassador of the…

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FG to spend N457bn on power transmission infrastructure

Oct 23, 2013

The Federal Government will spend $2.86bn (N457.6bn) between now and 2017 in order to give the nation a power transmission infrastructure that can carry 16,000 megawatts of electricity. The Minister of Information, Mr. Labaran Maku, said this in Abuja on Tuesday at a news conference on the performance of the economy, especially following the successful…

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FG renews partnership with Germany on energy

Oct 23, 2013

The Federal Government on Tuesday renewed the Nigeria-German Energy Partnership agreement for the extension of bilateral relation between both countries. The bilateral relation, which resulted from a memorandum of understanding signed by both countries in 2008, was extended to another five years. The decision to renew the agreement was reached after a two-day meeting between…

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Electricity subsidy for indigent Nigerians underway — Maku

Oct 23, 2013

The Minister of Information, Mr Labaran Maku, said plans had reached advanced stage to subsidise cost of electricity for poor Nigerians under the Power Sector Roadmap. Maku said this in Abuja yesterday at the second edition of the monthly briefing by the Ministry of Information on the performance of the economy. He allayed fears that…

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Stakeholders support NERC on accountability in power sector

Oct 23, 2013

Despite the existence of the nation’s Public Procurement Act, many government agencies have not been transparent and accountable in their procurement processes. UDEME AKPAN who focuses on recent study of 15 institutions, reports that the future is not bleak as the Nigerian Electricity Regulatory Commission, NERC, rated the most transparent has started to drive enforcement…

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