Power

Govt will meet power expectations in two years – Jonathan

Sep 10, 2014

President Goodluck Jonathan yesterday sought the patience and understanding of Nigerians over the situation of power supply, explaining that the sector would meet their expectation between the next  one two years. He spoke at the 44th Annual Accountant Conference held at the Federal Capital Territory (FCT), Abuja on Protecting the public interest, enhancing professionalism. He…

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Gencos to get more gas to boost power supply

Sep 9, 2014

There is promise of another bout of improved power generation across the country as more gas is expected to be deployed to the power sector by the end of this month when the Nigerian National Petroleum Corporation (NNPC) is expected to have concluded all its gas infrastructure maintenance work. Informed industry sources say some of…

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Poor gas supply stalls 224 substations’ activation

Sep 9, 2014

Gas supply shortage is stalling the activation of 224 distribution substation built by the Federal Government to boost electricity supply, it was learnt. The Director-General, National Power Training Institute of Nigeria (NAPTIN), Reuben Okeke, said gas supply from the Nigerian Gas Company, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), is inadequate. Okeke said…

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Military tightens security as TCN plans to reconnect Borno State

Sep 9, 2014

Ministry of power has reached an agreement with the Nigerian Army to provide adequate security engineers from the Transmission Company of Nigeria (TCN) who have assigned to reconnect Borno State back to the national electricity grid. The ministry of power said in Abuja that the state, which has been under attacks by Boko Haram insurgents…

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FG sets aside N200bn for power sector liabilities

Sep 8, 2014

The Federal Government has set aside N200bn for the payment of outstanding market liabilities and financial obligations in the power sector. The Chairman, Presidential Task Force on Power, Mr. Reynolds Dagogo-Jack, said this in Uyo, Akwa Ibom on Friday while on an inspection tour of power projects in the state as well as Cross River…

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Ebonyi to build $1.14b independent power plant

Sep 5, 2014

Ebonyi State government, on Wednesday, signed a $1.14 billion contract with  Posco, a South Korean company, for the construction of independent power station. The project, with capacity to generate 2,700 megawatts of electricity when completed, will be the biggest independent power station in the country. The proposed power plant, jointly owned by Hodges and Bakers…

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IBEDC restores electricity to Ibadan communities after 3 yrs

Sep 4, 2014

Ibadan Electricity Distribution Company, IBEDC, has restored power supply to Ona Ara Local Government Area of Oyo State, as it commissioned the rehabilitated 2X15MVA, 33/11KVA Substation at Akanran Road, Olorunsogo along Ibadan-Lagos Expressway. The rehabilitated sub-station, with two 15MVA injections, distributes power to the local government and other communities from five local government areas in…

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FG blacklists firm for abandoning power project

Sep 4, 2014

The Federal Government yesterday wielded the big stick against a contracting firm, Messrs Techno Electrical Engineering Company, as it announced the blacklist of the company and its directors from executing any government project in country.  The company’s crime, according to the Minister of State for Power, Honourable Mohammed Wakil, was its abandonment of electricity project…

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‘Nigeria needs 7.2b cubic feet of gas for 40,000mw’ – Seven Energy Boss

Sep 3, 2014

Nigeria’s power sector’s  demand for gas  needs to move  from its present  1.8 billion cubit feet of gas per day (scvf/d) to 7.2 billion scvf/d if  the nation intends to achieve 40,000 megawatts of electricity target, the Chief Executive Officer, Seven Energy Limited, Philip Iheanacho has said. Speaking to The Nation, Iheanacho said the development became…

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Power generation hits 4,044mw, improves electricity supply

Sep 3, 2014

Electricity generation in the country has hit 4,044 megawatts (MW) on account of improved gas supply to  generation stations and the rise in the water level at the various hydro power stations typical of the rainy season. The generation level, according to sources in the power sector, is expected to continue to improve with more…

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