Power

NIPPs will double power generation by 2014 – NERC

Jun 19, 2013

Power generation in the country will double by the first quarter of 2014 when the 10 National Integrated Power Projects become operational, the Nigerian Electricity Regulatory Commission has said. NERC said all NIPP stations would soon be connected to the national grid to boost power generation in the country from just above 4,000 megawatts to…

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Nnaji’s power generating firm begins operation in Aba

Jun 19, 2013

A power generating firm, Geometric Power System, owned by former Minister of Power, Prof. Barth Nnaji will begin generation and distribution of power in Aba next month. Prof. Barth Nnaji, who is also served as Chairman of the firm said, necessary arrangements have been concluded for the power company to take off. Nnaji explained that…

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NERC prevents construction of Mambilla, Zungeru hydro power stations over licences

Jun 18, 2013

The Nigerian Electricity Regulatory Commission (NERC) said it will not authorise construction of the 3,050 megawatts (MW) Mambilla and 700MW Zungeru hydro power stations if the government fails to obtain appropriate operational licences for both plants obtained from it (NERC) in line with provisions of the Electric Power Sector Reform (EPSR) Act 2005. The regulatory…

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Why transmission network cannot withstand 4,000mw capacity

Jun 18, 2013

Fresh facts have emerged that despite the federal government’s efforts to upgrade the transmission infrastructure, the network is still very weak and may be unable to carry a generating capacity of up to 4,000megawatts for a long duration, without collapse. THISDAY gathered from sources at the Transmission Company of Nigeria (TCN) that contrary to the…

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FG sets out timelines for completion of 10 NIPP plants

Jun 18, 2013

As the Federal Government pursues the privatisation programme for the 10 new power stations being built under the National Integrated Power Project (NIPP), it has also unveiled the timelines for the completion of the power stations that are yet to be completed. The time-table for the completion of the power projects, showed that four of…

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Local banks determined to fund investors on power projects

Jun 17, 2013

Banks in Nigeria have resolved to join in funding interested local investors of the 10 National Integrated Power Projects (NIPP) when the privatisation exercise commences by federal government . The banks made the resolve at the last Bankers’ Committee meeting that took place at the Central Bank of Nigeria (CBN) headquarters in Abuja, last week.…

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FG to employ 20,000 PHCN casual workers

Jun 17, 2013

The Federal Government has concluded the process of giving employment to about 20,000 casual workers of Power Holding Companies of Nigeria (PHCN), thus raising hope for preparation and payment of severance benefits to workers in the power sector. The accurate computation and payment of the benefits are also preconditions for the successful handover of the…

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Transmission collapse: Stakeholders fault Nebo on probe committee

Jun 17, 2013

Some stakeholders in the power sector have faulted the decision of the Minister of Power, Prof. Chinedu Nebo, to set up an investigative panel to unravel the causes of the frequent system collapse of the transmission network, saying both the federal government and other relevant stakeholders understood the causes of the system failures. Nebo had…

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Nigeria to leverage on Turkish expertise for new energy mix strategy – Nebo

Jun 17, 2013

The Minister of Power, Professor Chinedu Nebo, has said that Nigeria in its quest for new energy mix strategy would leverage on Turkish expertise in Thermal and Hydro power sources. The minister, who was represented by the Permanent Secretary, Ministry of Power, Amb Dr. Godknows Igali, said that Nigeria offers the best environment for business…

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FG begins to begin payment of severance benefits to PHCN staff

Jun 14, 2013

The Director General, Bureau of Public Enterprises, BPE, Mr. Benjamin Dikki, said the process of payment of severance benefits to all Power Holding Company of Nigeria, PHCN, workers would commence next week. Dikki said individual pay benefits statements of all the staff would be sent to them this week to enable them confirm the figures.…

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