Power

FG to inaugurate power council to tackle challenges

Aug 12, 2014

Barring unforeseen developments, the Federal Government has concluded arrangements to inaugurate a National Council on Power, NCOP, this week, in Abuja.  The body when constituted would be charged with the responsibility of harmonising policies of various tiers of government as they relate to the power sector. The council is also expected to develop an action…

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BPE, NERC to commence forensic probe on Discos

Aug 12, 2014

The federal government ,through two of its key agencies, the Bureau of Public Enterprises (BPE) and Nigerian Electricity Regulatory Commission (NERC), has said it is ready to commence a forensic probe of the extent of financial commitments so far made by the new owners of the various electricity distribution companies in the country. It said…

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NDPHC revokes distribution jobs of three defaulting NIPP contractors

Aug 11, 2014

Following reports of exhaustive meetings and deadline threats in attempts to arrest  the slow pace of executing electricity distribution contracts awarded to companies by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Projects (NIPPs), the board of NDPHC has finally approved the revocation of three of the various distribution contracts within…

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NERC audits finances of electricity firms

Aug 11, 2014

Disturbed by allegations of financial crisis plaguing the electricity sector, the Nigerian Electricity Regulatory Commission ( NERC) has commenced audit of the distribution companies ( Discos). The process, according to a deliable source, commenced with the Enugu Electricity Distribution Company and the Benin Electricity Distribution Company. Relatedly, the Commission has appointed a Dispute Resolution Counsellor…

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Govt prepares gas for additional 2000Mw power generation

Aug 11, 2014

The Federal Government is set to produce gas that will  generate at least 2000 megawatts (Mw) of power to boost electricity supply. The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, an industry operator said, is monitoring various gas infrastructure projects to ensure they are completed on record and put into operation to increase power supply…

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‘Power optimisation good for IT applications’ – Eaton

Aug 8, 2014

A power management firm, Eaton which recently launched in Nigeria has said optimisation of the available power supply in the country is crucial for the efficiency of information technology (IT) applications. It said it has the capability and innovative wherewithal to optimise the performance of IT applications and data centres to meet increasing demand of…

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Transcorp invests N65b in Ughelli power plant; raises capacity to 420mw

Aug 8, 2014

Transcorp Plc, the core investor in the  Ughelli Power Plc , has  invested N65 billion into the power plant, raising the capacity to 420 megawatts(mw).   The Chief Executive of Transcorp,  Adeoye Fadeyibi made the disclosure when the Senate Committee on Privatisation paid an oversight visit to the Ughelli power facility, according to the Bureau…

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Power Africa: Nigeria, others get $5bn World Bank boost

Aug 7, 2014

As part of the US-backed Power Africa initiative, the World Bank Group has disclosed plan to commit $5 billion in new technical and financial support for electricity projects in six African countries. The countries are Nigeria, Ethiopia, Ghana, Kenya, Liberia and Tanzania. They are all partners in the President Barack Obama led Power Africa initiative…

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DISCO rejects N2m tariff review fee

Aug 7, 2014

A representative of the Abuja Electricity Distribution  Company (Abuja DISCO) Engr. Bola Odubiyi yesterday asked the Nigerian Electricity Regulatory Commission (NERC) to reduce the N2million proposed as application filing fee, arguing that it was unreasonable. He argued that since NERC’s  core mandate is not to generate revenue,  it should reduce the fee to N250,000. Making his…

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Discos must pay consumers who buy transformers – NERC

Aug 7, 2014

The Nigerian Electricity Regulatory Commission on Wednesday said the new regulation mandating the electricity distribution companies to repay individuals who invested in power network would stand despite oppositions from the Discos. According to the commission, such investments can no longer be ignored as the new rule seeks to establish a process in which the government,…

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