Power

PHCN privatisation: ‘FG, others may have compromised on standard processes’

Nov 26, 2013

Stakeholders in the Nigeria’s electricity industry have described the ongoing power sector privatisation as a “pathway” and not a “door” to sustainable electricity supply market. They argued that the expectations of incremental quality and quantity in electricity supply are dependent on the satisfaction of certain key conditions, which they said include respect for established electricity…

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Power sector ’ll provide best market for investors –Nebo

Nov 25, 2013

The minister of Power, Professor Chinedu Nebo has said that Nigeria will provide the best market for investors in the power sector. “Nigeria as an emerging economy is set to provide the best market for direct foreign investment especially in the power sector,” said Nebo. There is no doubt that financial experts are in agreement…

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MAN adopts wait and see attitude to power reforms

Nov 25, 2013

The Manufacturers As sociation of Nigeria (MAN) will not assess the power sector reforms for now, its Chairman, Infrastructure Committee, Riginald Odiah, has said. He told The Nation that the body wanted to watch the situation as it unfolds before passing judgment on issues relating to the sector reforms. He said: ‘’As regard the issue…

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Power generation drops by 450MW

Nov 25, 2013

Electricity generation has dropped by 450 megawatts, the Transmission Company of Nigeria has said. The firm said the drop on Saturday was due to vandalism of pipelines supplying gas to the Okpai Power Plant in Delta State. The plant, it said, was shut down as a result of the reported vandalism, adding that the development…

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Indigenous steel firms seek role in N457bn power investment

Nov 24, 2013

Indigenous steel fabricating companies are seeking to play a major role in the N457bn power transmission infrastructure investment planned by the Federal Government. With huge transactions underway for the transformation of the Transmission Company of Nigeria, which is the only PHCN successor company, still owned by the Federal Government, indigenous fabricating yards say they are…

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NDPHC hands over 7 injection substations to Kano Electricity Distribution Company

Nov 22, 2013

The Niger Delta Power Holding Company (NDPHC) on Wednesday handed over seven newly constructed injection substations to Kano Electricity Distribution Company (DISCO). The News Agency of Nigeria (NAN) reports that the new injection substations were constructed under the National Integrated Power Project (NIPP) to improve electricity supply in Kano State.The managing director of NDPHC, James…

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Power investors suspend prepaid meter scheme

Nov 22, 2013

Consumers have continued to groan about poor power supply after the takeover of the assets of the defunct Power Holding Company of Nigeria by private investors. The situation has been exacerbated with the suspension of the Credited Advance Payment for Metering Implementation initiated by the Nigerian Electricity Regulatory Commission to close the metering gap and…

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Power, oil facilities most vandalised utilities – Report

Nov 21, 2013

The most vandalised public properties in Nigeria are power equipment and oil and gas installations, a report by NOIPolls Limited has shown. The report indicated that there was a general level of apathy towards public property in Nigeria. The poll conducted on the issue of public property vandalism in Nigeria revealed that about six in…

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Service firms set to exploit opportunities in post-privatisation regime

Nov 20, 2013

Barely 20 days after the official handing over of the Power Holding Company successor firms to the owners, some indigenous service companies, including banks have continued to evaluate each of the new firms with the aim of taking advantage of viable opportunities therein. The Guardian investigation revealed that some of the electric meter manufacturers are…

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Manpower shortage hits power sector, threatens privatisation

Nov 19, 2013

The privatisation of Nigeria’s power sector is under threat, following an indication of an impending acute manpower shortage in the power sector. This came as the National Power Training Institute of Nigeria, NAPTIN said it is faced by 8,400 deficits in skilled manpower, which according to Reuben Okeke, its director-general, would rise to over 17,000…

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