Power

2020: FG targets 75% connection to national grid

Feb 18, 2014

The Federal Government on Monday in Abuja said that by 2020, more than 75 per cent of the population and households would be connected to the national grid for regular electricity supply. The Minister of Power, Prof. Chinedu Nebo, expressed the optimism at the opening ceremony of the 7th annual conference of the Nigerian Association…

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Bulk trader sanctions NSIA’s management of $350m Eurobond Fund

Feb 18, 2014

The Nigerian Bulk Electricity Trading Company (NBET) Plc has expressed confidence that the Nigerian Sovereign Investment Authority (NSIA) will efficiently manage its $350 million Eurobond fund, which is expected to be escrowed to the NSIA. The fund, which the federal government had raised through the Eurobond for the NBET and others to improve the funding…

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TCN explores partnership options with transformer manufacturer

Feb 17, 2014

The Transmission Company of Nigeria (TCN) and Elsewedy Electric Nigeria Limited have started discussion on key market opportunities they could leverage in future to unlock potentials in the power sector. Recently, Deputy Managing Director of TCN, Abubakar Atikur, led top management staff of the company to Elsewedy, the only transformer manufacturing company in Nigeria, where…

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Electricity: Power plants in 1bn SCF gas shortfall

Feb 17, 2014

There are indications that about 1 billion standard cubic feet (SCF) of gas shortfall may stall the early realisation of constant power in Nigeria, as stakeholders in the energy industry have said that it will take at least five years before uninterrupted power supply could be achieved. Speaking on the issue of gas supply in…

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Delta IPP to contribute 150MW to national grid

Feb 16, 2014

Governor Emmanuel Uduaghan of Delta State says the state’s Independent Power Plant will be inaugurated by the end of the year. A statement on Friday said the IPP would target a national grid contribution of between 120 and 150megawatts of electricity. Uduaghan was quoted as saying this while delivering a lecture entitled, ‘Leadership: My Personal…

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IKEDC warns vandals against sabotage of cables

Feb 16, 2014

The Business Manager, Ikeja Business Unit of the Ikeja Electricity Distribution Company, Mr. Lateef Olaleye, has warned those behind the incessant vandalising of electric cables and its accessories in the Ikeja area of Lagos to desist from such acts of sabotage. Olaleye, in a statement on Friday, said the company would soon put in place…

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FG to build power transmission stations in Ebonyi

Feb 16, 2014

The Federal Government said it would build two transmission stations in Abakaliki to enhance power delivery in the area. According to the News Agency of Nigeria (NAN), the General Manager (Transmission), Enugu Transmission Region, Mr Geoffrey Nwokoye, made this known when he paid a courtesy call on Gov. Martin Elechi, in Abakaliki. Nwokoye said that…

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Stakeholders appraise electricity local content initiative

Feb 15, 2014

Stakeholders in the Nigerian Electricity Supply Industry (NESI) have described the National Content Development regulation as the surest way of enterprise development in the power sector. They made the appraisal yesterday during the public hearing organised by the Nigerian Electricity Regulatory Commission (NERC) on the draft National Content Development regulation and the Enforcement Regulations at…

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‘June deadline for NIPPs’ privatisation remains sancrosanct’

Feb 14, 2014

The Bureau of Public Enterprises (BPE) and the Niger Delta Power Holding Company (NDPHC)- owners of National Independent Power Plants (NIPPs) have said the June deadline fixed for the privatisation of the plants remains sacrosanct. The two agencies, in separate interviews with The Nation, insisted there is no change in the programmes outlined for the…

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NERC proposes sanctions for breach of industry rules

Feb 14, 2014

The Nigerian Electricity Regulatory Commission (NERC), Thursday rolled out a number of strict administrative sanctions, which were contained in the draft electricity industry (enforcement) regulations and with which it expects to deploy in ensuring compliance to operational codes in the Nigerian Electricity Supply Industry (NESI). Included in the variety of administrative sanctions available to the…

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