Power

Nigerian businesses spend N5trn annually to generate power – NACCIMA

Aug 5, 2019

National Association of Commerce Industry Mines and Agriculture (NACCIMA), has lamented the high cost of generating power by businesses in the country. Director-general of NACCIMA, Ambassador Ayoola Olukanni stated that majority of businesses in the country spend N5 trillion annually to generate own power. Specifically, he said, the $14 billion which translates to a whooping…

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Nigeria needs over $20b for power masterplan – AFD

Aug 5, 2019

Nigeria’s power system masterplan would require a massive investment of over $20 billion for power generation over the next 20 years, it was gathered at the weekend. According to a report released by French development agency, Agence Francaise De Development (AFD), Nigeria was already attracting growing interest in power generation. Titled: “Finance in the Energy…

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Nigeria’s electricity generation plunges below 2,500MW

Aug 5, 2019

Electricity generation in the country fell below 2,500 megawatts on Saturday amid low load demand by the distribution companies. Total output from the nation’s 27 power plants dropped from 3,364MW as of 6am on Thursday to 2,649.1MW on Friday. It fell further to 2,492MW on Saturday, according to the Nigeria Electricity System Operator. Latest data…

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Geometric Power to end power outages in Aba from September – Nnaji

Aug 2, 2019

Aba, the commercial nerve of Abia State, despite concerted efforts by the federal government to ensure adequate power supply to the economic city have continued to experience untold hardship due to the inability of the current power providers in the state and the city in particular to provide adequate power supply that would help residents…

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Port Harcourt Disco commences sale of prepaid meters

Aug 2, 2019

Determined to put an end to estimated billing in its area of coverage, the Port Harcourt Electricity Distribution Company on Thursday launched the sale of meters to electricity consumers under the Meter Asset Provider scheme also known as MAP. PHED’s Chief Executive Officer, Mr Naveen Kapoor, while launching the metres, said electricity consumers in Akwa…

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Buy more electricity or be disconnected – BEDC

Aug 2, 2019

BEDC Electricity Plc has threatened to disconnect electricity supply to customers whose consumption has been observed to be “very low considering average availability” in their areas. BEDC Electricity, which is one of the 11 power distribution companies in the country, covers Edo, Ondo, Delta, and Ekiti states. Some of the customers who received the threat…

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Kaduna Electric begins MAP roll out on Monday, 5th of August

Aug 1, 2019

Kaduna Electric is set to being the roll out of meters to its customers under the Meter Asset Provider Scheme on Monday. A statement by the company’s Head of Corporate Communication, Abdulazeez Abdullahi, said from Monday, August 5, customers can now apply for meters under the scheme. The Nigerian Electricity Regulatory Commission had approved 4…

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Ibadan Disco set to commence metering on August 1 under MAP scheme

Aug 1, 2019

The management of Ibadan Electricity Distribution Company (lBEDC) says it will start effective metering on Aug. 1 (today) under the Meter Assess Providers (MAPs) scheme to consumers within its franchise areas. Its Chief Operating Officer, Mr John Ayodele, made this known at the IBEDC Town Hall meeting in Ibadan to sensitisation customers on the need…

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MAP exercise to gather momentum from August – NERC

Jul 31, 2019

The Nigerian Electricity Regulation Commission (NERC), has said the Metering Assets Providers (MAP) process implementation will be pursued vigorously from August 1. In a series of tweets on its official Twitter handle, @NERCNG, NERC said necessary arrangements have already been concluded to make the plan a reality. According to the electricity sector regulator, it will…

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Gencos allege Siemens stole their template for its power development contract with FG

Jul 31, 2019

Power generation companies in Nigeria have accused  Siemens AG of Germany which recently signed a power development contract with the Federal Government of intellectual  property theft in respect of the power document it presented to the Federal Government. Speaking to Daily Sun, yesterday, the Executive Secretary, Association of Power Generation Companies (APGC), Dr Joy Ogaji, challenged the…

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