Power

TCN targets 10,000Mw by 2017

Mar 7, 2014

The Transmission Company of Nigeria (TCN) is planning to improve electricity transmission. It is targetting 10,000 megawatts (Mw) by 2017. Its Chairman, Mr. Ibrahim Waziri, spoke yesterday when members of the board inspected some projects in Lagos. They visited Ikeja West, Ajah and Akanga transmission stations and Egbin Power Generation Company. Today, they expected to visit Papalanto…

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BEDC frustrating disengaged PHCN staff – NUEE, SSAEAC

Mar 7, 2014

Members of National Union of Electricity Employees, NUEE and Senior Staff Association of Electricity and Allied Companies, SSAEAC, have accused the Management of Benin Electricity Distribution Company, BEDC, of frustrating disengaged staff of Power Holding Company of Nigeria, PHCN of the Benin Zone by refusing to settle their entitlements. Vice President (West) of NUEE, Mr.…

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NIPPs: Concerns mount over alleged political interference, lobbying

Mar 7, 2014

There are increasing concerns that the proposed sale of 10 Niger Delta Power Holding Company Limited (NDPHC) generation companies under the National Integrated Power Project (NIPP) scheme may be marred by emerging political interference and lobbying. Specifically, THISDAY gathered from credible sources that there had been a surprising re-appearance of hitherto disqualified bidders among those…

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Power: FG secures N54.5bn for bulk trader

Mar 7, 2014

The Federal Government has secured additional $350m (N54.5bn) for the Nigerian Electricity Bulk Trading Plc in a bid to boost the organisation’s power purchase abilities. According to the government, the fund is in addition to the allocation for the bulk trader in the 2014 budget. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, disclosed this on…

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FG Hands over Olorunsogo power plant to SEPCO Pacific

Mar 7, 2014

The National Council on Privatisation (NCP) has formally handed over the Olorunsogo Power Plc to SEPCO Pacific Partners Limited. The transition brings to 16, the total number of power assets handed over to the private sector in the last four months. Vice-President Namadi Sambo, who is also the Chairman of NCP noted at the handover…

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Kano DISCO electricity allocation improves by over 250 percent – Official

Mar 6, 2014

The Kano State Electricity Distribution Company (KEDC) said on Wednesday that electricity allocation to the state from the National Grid had improved by over 250 per cent. Alhaji Mukhtar Usman, KEDC Assistant General Manager Public Affairs, disclosed this in an interview with the News Agency of Nigeria (NAN) in Kano. “From the 40 to 50…

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NELMCO in N1trn Debt – Nebo

Mar 6, 2014

The minister of power, Mr Chinedu Nebo, has disclosed that the Nigeria Electricity Liability Management Company (NELMCO) Limited is indebted to the tune of N700 billion to N1 trillion. The minister who disclosed this to the House of Representatives Committee on Power during the 2014 budget defence session of the ministry also stated that Nigeria…

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Jebba customers owe IEDC N1.8bn

Mar 6, 2014

Residents of Jebba and its environs owe the Ibadan Electricity Distribution Company N1.8bn, the firm has said. The new Business Manager, Jebba Business Unit, IEDC, Mr. Waliu Sanni, said this in a statement made available to our correspondent in Ilorin on Wednesday. The statement was signed by the Public Affairs Officer of the Business Unit,…

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NERC urges Discos to get compliance officers

Mar 5, 2014

The Nigerian Electricity Regulatory Commission (NERC), has urged all Distribution Companies to get compliance officers who would ensure that rules and regulations are adhered to. NERC Commissioner, Legal, Licensing and Enforcement (LL&E), Dr. Steve Andzenge stated this through a statement issued by the Public Affairs Head, Dr Usman Arabi recently. Andzenge made the statement when…

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Lawmakers to enforce local content Act in power sector

Mar 5, 2014

The high capital flight in the power sector may soon be checkmated, as the House of Assembly braces up to entrench the local content law to increase local inputs under the economic revival programme. Besides, the lawmakers are poised to promote patronage of indigenous electricity meters, which have suffered neglect in recent times, due to…

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