Lagos IPPs to deliver 47Mw in 2015 – Tijani

Oct 14, 2014

The state Commissioner for Energy and Mineral Resources, Taofiq Tijani, has indicated that the six Independents Power Plants (IPPs) in Lagos State will deliver a combined capacity of 47megawatts (Mw) of electricity before the first quarter of next year. The six power plants are Akute Independent Power Plant (12.55Mw), Lagos Island 1&2 Independent Power Plant (10Mw),…

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NPDC/Seplat JV invests N32bn in Azura power plant

Oct 14, 2014

The Nigerian Petroleum Development Company (NPDC) and Seplat Petroleum Development Company PLC have concluded plans to supply gas to the newly commissioned Azura-Edo Power plant in Ihovbor/Orior Osemwende communities near Benin City, Edo State. The gas will be supplied from the NPDC/Seplat new gas processing facilities at the Oben Gas Plant. The 450mw Azura-Edo plant…

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FG set to declare Transitional Electricity Market

Oct 14, 2014

It appears that all is now set for the Federal Government to declare the Transitional Electricity Market, which will mark the commencement of full competition in the industry The Punch reports. The Chairman, NERC, Dr. Sam Amadi, on Monday during the inauguration of members of the Dispute Resolution Panel of the Nigerian Electricity Supply Industry, said, “By today’s…

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FG set to review Manitoba’s TCN contract

Oct 13, 2014

The Nigerian Electricity Regulatory Commission has indicated the Federal Government’s dissatisfaction with the performance of Manitoba Hydro International, the Canadian firm contracted to manage the Transmission Company of Nigeria, and is set to review the contract as a result, The Punch reports. It also said that about10,000 megawatts of electricity were lying dormant despite the…

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NCP still undecided on sale of TCN

Oct 9, 2014

Despite the imminent privatisation of the country’s power infrastructure backbone, the Transmission Company of Nigeria, indications have emerged that the National Council on Privatisation has yet to meet on the matter The Punch reports. It is imperative to note that without the council meeting to discuss the subject, no decision can be taken on the sale of…

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Eko DISCO explains reasons for delay in distribution of pre-paid meters

Oct 9, 2014

The Eko Electricity Distribution Company, EKEDC, has shed new light on the delay in the rolling out of prepaid meters to consumers, Vanguard reports. The company’s Vice President, Legal, Mrs. Wola Ojoye, who spoke during a courtesy visit by members of the Consumer Rights Advancement Organisation, CRADO, led by Chief Deolu Ogunbanjo, at the EKEDC corporate…

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NERC insists that Discos cannot increase tariff to repay N213bn

Oct 8, 2014

Power distribution companies will not be allowed to increase electricity tariff as they work to repay the Central Bank of Nigeria’s N213bn facility earmarked for operators in the power sector according to the Nigerian Electricity Regulatory Commission (NERC) reports The Punch. The Federal Government recently announced a N213bn facility to assist operators in the sector…

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FG may set new payment date for Afam Genco, Kaduna Disco again

Oct 7, 2014

The federal government may yet again grant Taleveras Group and Northwest Power Plc, the preferred bidders for Afam Power Plc and Kaduna Electricity Distribution Company, extension of date for payment of 75 percent balance of purchase price for the power assets. Taleveras had paid $65,012,500 for Afam and Northwest $40,750,000 for Kaduna Disco being the…

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NERC issues disbursement terms for N213bn CBN fund

Oct 7, 2014

The Nigerian Electricity Regulatory Commission (NERC) has set fresh terms and conditions to be adhered to by operators in Nigeria’s electricity market that are eligible to benefit from the lately announced N213 billion loans from the Central Bank of Nigeria (CBN). NERC said for any of the operators to benefit from the loans, such operator…

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NERC queries Kano Disco over questionable financial transactions

Oct 3, 2014

The Nigeria Electricity Regulatory Commission (NERC) has asked the management of Kano Electricity Distribution Company (KEDC), Sahelian Energy, to furnish it with details of payment of N1.133bn to Northwest Power and KCETAS Africa Power between November 1, 2013 and April 30, 2014 Daily Trust reports. In a letter to the managing director and chief executive officer…

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