Power

Experts suggest mixed funding, collaboration for Nigeria’s power sector

Sep 30, 2019

There is a need for a mix of funding solutions and increased collaboration by stakeholders to address the huge financing gap in the nation’s power sector, experts have said. The experts stated this while discussing how the lack of access to capital had been hindering the sector, frameworks for assisting companies with funding requests, risk…

Read More

Discos require $4.3bn network investment to match transmission capacity – TCN MD

Sep 30, 2019

The Managing Director of Transmission Company of Nigeria (TCN) Mr. Usman Mohammed, at the weekend, said the electricity distribution companies require about $4.3 billion worth of investment to meet up with the transmission capacity. Speaking at a TCN’s donor/stakeholders meeting in Abuja, Mohammed noted that the nation’s transmission capacity was now above 8000MW. He lamented…

Read More

EEDC begins repairs of vandalised equipment at Enugu GRA

Sep 29, 2019

The Enugu Electricity Distribution Company (EEDC) has commenced repairs of vandalised equipment at the Enugu Government Reserve Area (GRA). The Head of Communications of EEDC, Mr. Emeka Ezeh said the vandalised equipment cut off the area from the grid. The affected areas are Golf Estate in GRA; Omeje Street, Choice Hotel neighbourhood down to Holy…

Read More

GenCos releases 3,855 MWH of electricity to Nigeria’s grid – Report

Sep 28, 2019

Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,855 megawatt-hour of electricity into the national grid on Wednesday. This is contained in a daily energy report by the Advisory Power Team, Office of the Vice President, and made available in Abuja on Thursday. The report said the electricity…

Read More

Lafia power substation set to begin test transmission

Sep 28, 2019

The contractor handling the stepping down of power from the 330KVA that passes from Enugu to Jos, has said they are almost done with the work and will commence test transmission soon. Mr Samson Johnson, site engineer with AK-AY Eletrik, the engineering firm handling the 33KV power substation in Lafia promised that they would commence…

Read More

Experts emphasize need for adequate financing of Nigeria’s power sector

Sep 28, 2019

Experts have highlighted the need for adequate financing of the energy sector in Nigeria. This emphasis was made at the 2019 Power Nigeria Exhibition and Conference which held at the Landmark Centre Lagos. The 2019 Power Nigeria Exhibition and Conference, the largest power event serving West African utility, commercial, industrial and key-end user markets brought…

Read More

FG spent N2.3tn on oil, electricity subsidies in four years – PwC Report

Sep 27, 2019

The federal government expended a total of N2.3 trillion on subsidising the consumption of petrol and electricity from 2015 to 2018, a report from global accounting and consulting firm, PricewaterhouseCoppers (PwC), has revealed. The report, which was obtained by THISDAY yesterday, was presented to power sector stakeholders at a roundtable organised by Mainstream Energy Solutions-…

Read More

FG begins review of power procurement policy – Minister

Sep 26, 2019

The Federal Government yesterday announced commencement of a major review to power procurement policy. Minister of Power, Saleh Mamman, who declared this during the Power Nigeria conference in Lagos, maintained that the fresh policy direction would, among other things, guarantee the evacuation of over 2000 Mega Watt of power stranded between generation and distribution companies…

Read More

FCDA to synergize on improved power supply in Abuja

Sep 26, 2019

The Executive Secretary of the Federal Capital Development Authority (FCDA) Engr. Umar Gambo Jibrin, has met with critical stakeholders to review responsibilities for the provision of infrastructure, distribution and maintenance of electricity architecture in the territory for the purpose of lightening up the city and enhancing security therein. Jibrin, who disclosed this in Abuja yesterday,…

Read More

TCN, Eko Atlantic seal pact on 1,000MW of power supply

Sep 26, 2019

The Transmission Company of Nigeria (TCN) and the management of Eko Atlantic have sealed a deal for the supply of 1,000 megawatts (mw) of electricity from the national grid to Eko Atlantic City, under the Eligible Customers Arrangement. TCN Managing Director Dr. Usman Gur Mahammed stated this when he visited to the city on Victoria…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...