Power companies yet to access N213bn intervention fund

Nov 11, 2014

Exactly two months after an inter-agency committee of the federal government set up to boost gas supply to power plants and find a lasting solution to the country’s electricity generation challenges, announced a N213 billion intervention facility to offset the legacy debts owed to gas suppliers, the power producers are yet to access the fund,…

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NERC licenses 138 companies to provide meters

Nov 11, 2014

The Federal Government has given approval to about 138 companies to function as Metering Service Providers in the Nigeria power sector. The Nigerian Electricity Regulatory Commission, NERC, according to Vanguard, disclosed that the companies were certified after due inspection and consideration. Specifically, five companies were certified as meter manufacturers; 13 companies were given government approval…

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4,700MW of power generation hampered by gas shortage

Nov 11, 2014

The Minister of Power, Professor Chinedu Nebo, on Monday said the country is  losing 4,700MW due to the unavailability of gas to fire 7,800MW space capacity, This Day reports. This comes barely four days after the federal government announced that for the first time ever in its history, Nigeria was generating 4,600 megawatts (MW) of…

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N82.8bn Alaoji power plant has been abandoned by FG – Group

Nov 4, 2014

A group known as Igboezue in Enugu State has alleged that the federal government has abandoned the $500million (about N82.8billion) Alaoji power plant in Abia State  completed last year to generate 1,000 megawatts, Daily Trust reports. A statement signed by the National Leader, Chief Chekwas Okorie, said that the completed project was to have been…

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Fashola proposes legislation for states to produce, distribute power

Nov 4, 2014

Governor Babatunde Fashola of Lagos State has formally commissioned the 8.8 Megawatts Mainland Independent Power Project that will supply constant power supply to both Federal and state government establishments, saying Lagos is capable of providing stable power supply to residents if backed by enabling legislation. He also charged Nigerians not to accept any excuses for…

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Obasanjo blames successors for abandoned power sector

Nov 4, 2014

Former President,  Chief Olusegun Obasanjo has attributed the problems ravaging the power sector in the country to his successors, saying, they abandoned the sector. Obasanjo said he had tried to ensure stable power supply since 1979 when he was Military Head of State and when he returned as civilian President in 1999 but, his successors abandoned the…

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NERC, BPE vehemently oppose NEMSA Bill

Nov 4, 2014

The Nigeria Electricity Management Services Authority (NEMSA) bill has continued to cause a rippling effect in the power sector as the proposed private member bill seeks to convert the Electricity Management Services Limited (EMSL) into a full-fledged technical regulatory authority. This Day gathered from proceedings at the last joint public hearing on the proposed bill…

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FG signs MoU with Chinese firm for construction of new power grid

Nov 3, 2014

The Minister of Power, Prof. Chinedu Nebo, has signed a Memorandum of Understanding (MoU) with a Chinese firm, Shandong Power Equipment Company Limited (SPECO), to construct a new power grid for the country, The Punch reports. The minister said he had no doubt that SPECO had the financial muscle to undertake the project, adding that the…

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FG calls for more Western investors in Nigeria’s power sector

Nov 3, 2014

The FG has indicated that Western nations are stalling on investing in Nigeria’s power sector. A large percentage of foreign investments in the sector is from Asia, while America and Europe have not shown the desired commitment to investing in the industry, The Punch reports. The Minister of Power, Prof. Chinedu Nebo,  in a statement…

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NERC suspends issuance of fresh electricity power licences

Oct 29, 2014

Worried that many of the licenses it issued in the past for electricity power generation were laying fallow, the Nigerian Electricity Regulatory Commission (NERC) Wednesday suspended the issuance of further licenses, unless in special cases. And as the Ministry of Power prepares to declare the Transitional Electricity Market (TEM), the Nigerian Electricity Regulatory Commission (NERC),…

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