Power

Nationwide power supply drops by 300MW

Jan 27, 2014

Nigeria’s paltry on-grid  electricity supply capacity is to drop by about 300 megawatts (MW), the Transmission Company of Nigeria (TCN) has said. TCN stated in a statement yesterday in Abuja that the unavoidable drop in the quantity of power available for it to transmit to the distribution companies would be as a result of an…

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Telcos seek alliance with Discos to cut down power cost

Jan 24, 2014

As the realities and opportunities inherent in the ongoing power reforms in Nigeria become apparent, telecommunication operators, under a strong coalition, are planning to hold discussions with distribution companies (Discos) in a bid to forge strategic alliances that would bring about secure, dedicated power supply to their 24,252 cell sites nationwide. A senior executive at…

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Hope of quick restoration of power supply dashed

Jan 24, 2014

Except a miracle happens soon, the nationwide blackout and power load scheduling rocking Nigeria will not improve in January, **Daily Independent** gathered on Thursday. Power generation, which dropped by 1,600 Mega Watts (MW) to below 2,500MW, was, according to the Nigerian National Petroleum Corporatio (NNPC), caused by sharp drop in gas supply due to rising incidents…

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Dons seek review of Power Reform Act

Jan 23, 2014

Many of the provisions of the Electric Power Sector Reform Act of 2005 are due for review, experts in energy economics have said. Taking into cognisance the recent privatisation of the power sector and the resultant developments, the experts, who are professors, said some of the provisions of the Act had become outdated. The EPSR…

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Nigerian bulk electricity trader to guarantee power purchases

Jan 22, 2014

Nigerian Bulk Electricity Trading Plc, which acts as a clearing house for power generating and distribution companies, will guarantee all purchases in the market’s transitional phase, Chief Executive Officer Rumundara Wonodi has said. During a trial period expected to last five to 10 years, the state-owned bulk trader will do “all the procurement on behalf…

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FG to access N640bn from donors for electricity devt

Jan 22, 2014

Federal government would access  $4bn (about N640billion) from donor agencies to fund power transmission infrastructure in the country this year, Prof. Chinedu Nebo, the Minister of Power has said. Nebo disclosed this while speaking at the public presentation of the 2014 budget on Monday in Abuja. He said the agencies that had indicated interest to…

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ABB to build power equipment plant in Nigeria

Jan 22, 2014

ABB, multinational electrical power solution company, has pledged to set up a local manufacturing electrical power equipment plant in Nigeria to contribute to the development of the power sector. ABB made this pledge at a recent training conference it organized in Abuja to help build capacity for top officials of Transmission Company Nigeria (TCN). The…

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FG targets 10,000MW of electricity with 200 dams

Jan 22, 2014

The Federal Government has said it is currently building over 200 new dams in order to achieve its target of 10,000 megawatts of electricity at the end of this year. Vice-President Namadi Sambo stated this on Tuesday while granting an audience to the management of a Japanese company, Marubeni Corporation, at the Presidential Villa, Abuja.…

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Board suspends rural electrification agency boss

Jan 22, 2014

The Supervisory Board of the National Rural Electrification Agency has suspended the agency’s Managing Director, Mr. Kenneth Achugbu. Achugbu, according to the board in a statement on Tuesday, was suspended because of the poor implementation of the agency’s budget for the years 2012 and 2013. The Chairman of the board, Senator Jonathan Zwingina, said the…

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Ikeja DISCO apologises to consumers over power crisis

Jan 22, 2014

The Ikeja Electricity Distribution Company, DISCO, has apologised to its customers over poor power supply being experienced within the network. A statement by the Assistant General Manager, AGM, (Public Affairs) of the company, Mr. Pekun Adeyanju yesterday said a team of engineers and technicians at the transmission section are currently working assiduously to ensure prompt…

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