Power

World Bank, IFC to mobilise private sector investments in Nigeria’s power sector

Oct 2, 2013

The World Bank Group on Tuesday restated its commitment to continue to support the Nigerian Government’s efforts to mobilise private sector investments in the newly privatised power distribution companies. ‪The Group, through one of its affiliate agencies, the International Finance Corporation (IFC), recently unfolded its Energy Business Plan; designed to help support Nigeria’s power sector…

Read More

Nigeria gets US praise over power privatisation

Oct 2, 2013

Nigeria’s double-edged power privatisation exercise has received commendation from the government of the United States of America. Carlos Pascual, United States special envoy and coordinator for international energy affairs gave the commendation at the just concluded Nigerian Investment summit in New York, describing the exercise as unprecedented. He said that there are few countries in…

Read More

FG targets 40,000 mw by 2020

Oct 2, 2013

The Nigerian government has set a target of generating 10,000 megawatts of electricity by the end of 2013 and 40,000 megawatts by 2020 to combat the growing power crisis in the country, according to recent reports. With a population of over 170 million and generation capacities hovering between 3,000 – 4,000 megawatts, Nigerians are among…

Read More

PHCN investors lobby govt on electricity tariff

Oct 2, 2013

As the new owners of Power Holding Company of Nigeria (PHCN) take over the management of the power generation and distribution companies, Nigerians should be prepared to pay more for electricity. Reason: The investors have embarked on serious lobbying of the government to allow them increase tariff as soon as possible. A PHCN investor, told…

Read More

Govt to earn N1.33trn from power assets – NCP

Oct 2, 2013

The National Council on Privatisation, NCP, has disclosed that the Federal Government will earn about $8.3 billion (N1.328 trillion) from the sale of the unbundled power generation and distribution companies of the Power Holding Company of Nigeria, PHCN. Part of the money will also be derived from the sale of the 10 new power plants…

Read More

Jos Disco keys into Paktim’s compact smart metering system

Oct 2, 2013

In collaboration with the efforts of the power sector stakeholders to bring to the Nigerian electricity consumers a global brand of energy solution and cutting-edge smart technology, the Jos Distribution Company (Disco) has formally inaugurated its Credited Advanced Payment for Metering Implementation (CAPMI) programme in collaboration with Paktim Consulting Nigeria Limited. During the event, Paktim…

Read More

The changing nature of modern utility

Oct 2, 2013

Since the first power grids came online in the 19th century, the generation and distribution of electricity has largely been an engineering challenge – and one that has been met with a huge degree of success. We now have in place large-scale grids that transport energy from power plants to homes and businesses, via a…

Read More

PHCN workers protest in Ondo, Edo over non-payment of entitlements

Oct 2, 2013

Following the federal government’s failure to pay them  their entitlements before handing  over  the  Power  Holding Company of  Nigeria (PHCN)  to  the  private  investors, members of the National Union of Electricity Employees (NUEE)  in Ondo and Edo States yesterday staged a peaceful protest to express their grievances. The workers, who locked the gate of the…

Read More

Increase in electricity tariff unacceptable —PENGASSAN

Oct 1, 2013

The Petroleum and Natural Gas Senior Staff Association of Nigeria has called on the Federal Government to allow the roadmap for power generation and distribution to fully come on stream before contemplating a tariff increase. PENGASSAN, in a statement made available to our correspondent on Monday, said any increase in electricity tariff would be rejected.…

Read More

Electricity workers protest as investors get share certificates

Oct 1, 2013

The privatisation of the Nigerian power industry took a step closer to completion on Monday with the handing over of share certificates to 13 investors who had earlier paid for the 14 electricity generation and distribution companies. President Goodluck Jonathan, who distributed the share certificates to the core investors, said the Federal Government had capitalised…

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...