N’Assembly may pass legislation on the mandatory payment for electricity consumption

Oct 29, 2014

The National Assembly has declared that it would soon enact a legislation that would compel electricity consumers to pay for energy consumed This Day reports. This is subsequent to the complaint by the Managing Director/ Chief Executive Officer, Kaduna Electricity Distribution Company, Mallam Idris Mohammed, that military formations and the police were indebted to the…

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GE to invest $4 billion on Katsina Power Africa initiative

Oct 28, 2014

General Electric (GE) of the United States has proposed to invest $4 billion (about N658.720 billion) on building gas infrastructure for the proposed 300 megawatts (mw) power plant to be sited in Katsina under the Power Africa initiative, Daily Trust reports. Governor Ibrahim Shema gave an insight into the proposed gas power plant during a…

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Northwest purportedly closes Kaduna DISCO sale with 75% payment

Oct 23, 2014

Northwest Power Limited, the preferred bidder for Kaduna Electricity Distribution Company (Kaduna Disco) has completed the 75 per cent payment of the bid price for the Kaduna power company according to Daily Trust. The company had failed to beat the October 6 deadline for payment but a source confirmed that “The Consortium has paid the…

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Investors plan $20bn power plant in Katsina

Oct 23, 2014

Government officials and a consortium of companies have arrived in Katsina State for feasibility studies on a 1000 megawatts gas plant to be financed from the $20 billion Power-for-Africa grant from the US government. Six other African countries – Tanzania, Kenya, Ethiopia, Ghana and Liberia – are to benefit from the grant aimed at improving…

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NERC issues 2 week ultimatum for DISCOs to meter customers

Oct 22, 2014

The Nigerian Electricity Regulatory Commission has given power distribution companies a two-week ultimatum to provide meters for customers who had earlier paid for them under the Credited Advance Payment for Metering Implementation scheme, according to reports from The Punch. The Chairman, NERC, Dr. Sam Amadi, said a lot of consumers had complained of not being…

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Presidency meets stakeholders over failing power projects

Oct 21, 2014

The Presidency has met with investors in the National Integrated Power Projects, the Niger Delta Power Holding Company, Bureau of Public Enterprises and gas companies over what it described as “a stalled state” of the NIPP plants after their privatisation. Our correspondent gathered that the Presidency’s worries had been heightened by the fact that seven…

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FG signs MoU with 3 power firms

Oct 21, 2014

The Federal Government has signed Memoranda of Understanding, MoU, with three power firms – 3D Hitech System Ltd, SEPCOIII Electric Power Construction Corporation, and CGC Nigeria Ltd, with a view to boosting generation, distribution, and supply in Nigeria, Vanguard reports. The Minister of Power, Prof. Chinedu Nebo, who signed the agreement, which held at the…

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Power generation drops to 2,513MW

Oct 21, 2014

The current epileptic supply of electricity being experienced across many parts of the country is as a result of the massive drop in generated power by 1,000 megawatts in the last one week, the Federal Government has said. Figures released by the Federal Ministry of Power showed that the country’s peak generation as of October…

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Techno signs deal with Incotex for smarter electricity metering systems

Oct 16, 2014

Techno Gas and Power has sealed a deal with a Bulgarian company, Incotex, to manufacture prepaid meters to meet the needs of millions of electricity consumers in Nigeria, The Punch reports. According to the firm, the use of smarter prepaid meters would check these excesses and guarantee accountability in the industry as far as electricity…

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NERC orders 11 Discos to remit N19bn to FIRS, NELMCO

Oct 15, 2014

Following findings in its open book review of accounting and financial records of the 11 privatised electricity distribution companies (Discos) of the defunct Power Holding Company of Nigeria (PHCN), the Nigerian Electricity Regulatory Commission (NERC) has directed the 11 Discos to remit approximately N19,328,280,638.62 to the Federal Inland Revenue Services (FIRS), Nigerian Electricity Liabilities Management…

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