Power

PHCN privatisation, greatest achievement of govt – Nebo

Dec 13, 2013

The Minister of Power, Prof. Chinedu Nebo, at a media chat in Abuja, on Thursday, described the privatisation of the power sector as one of the greatest achievements that could be recorded by any government. According to him, the privatisation process was followed through diligently despite the many challenges and bottlenecks that characterised it. Nebo…

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Huge skills gap exists in electricity industry – NERC

Dec 12, 2013

The Nigerian Electricity Regulatory Commission (NERC) has said that a huge gap exists in the area of technical, policy, administrative and management skills in the Nigerian electricity industry. To close the gap, the commission’s chairman, Dr Sam Amadi, stated that all stakeholders need to formulate strategies that would help to accelerate the type of knowledge…

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NERC insists on 100% safety compliance for electricity workers

Dec 12, 2013

The Nigerian Electricity Regulatory Commission (NERC) has insisted on strict compliance to health and safety rules for all workers in the Nigerian Electricity Supply Industry (NESI). NERC’s Chairman, Dr. Sam Amadi, stated this at the inception of a 3-day health and safety workshop organised by NERC alongside the National Emergency Management Agency (NEMA) on Tuesday.…

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FG limits States’ intervention in power generation – Fashola

Dec 12, 2013

Lagos State Governor, Mr. Babatunde Fashola (SAN), Wednesday said the Power Reforms Act which the National Assembly enacted to regulate the power sector, limited how the 36 states of the federation could intervene in power generation. He said the state alone contributes about $90 billion to the country’s Gross Domestic Product (GDP), thereby attributing the…

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Energy infrastructure to get $50m boost

Dec 11, 2013

The Alternative Investment arm of Old Mutual Investment Group, said it will stake $50million under the Nigeria Infrastructural Development Fund effect from next year. It also said it will spend part of its $5 billion investment fund mapped out for Africa in the country’s power sector. Rojie Kisten, Head of Capital Raising of  Old Mutual…

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NERC probes inadequate load allocation to Kano Disco

Dec 10, 2013

The Nigerian Electricity Regulatory Commission (NERC) has set up a committee to look into complaints of inadequate load allocation brought by the Kano Electricity Distribution Company (KEDC). Managing Director of KEDC, Dr. Jamil Gwamna, alleged recently that interim market rules developed by NERC, especially with regards to the Multi Year Tariff Order (MYTO-2), was fraught…

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Electricity tariff: FG, new power assets’ owners in cold war

Dec 9, 2013

A cold war is brewing between the Federal Government and new core investors in the recently privatised former Power Holding Company of Nigeria (PHCN) assets, over the electricity Multi Year Tariff Order (MYTO 2). Daily Independent exclusively gathered at the weekend that while the new owners are rooting for an increase in the tariff, the…

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N10bn debt: Power investors struggle to beat deadline

Dec 9, 2013

To avoid possible sanctions by the Nigerian Electricity Regulatory Commission, private power investors that last week defaulted in remitting about N10bn to the Federal Government’s coffers struggled to beat the 24-hour deadline. The actual amount remitted by the firms could, however, not be confirmed as of Sunday. The commission had on Wednesday threatened to sanction…

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Maku seeks coordinated effort to boost power supply

Dec 9, 2013

The Minister of Information and Supervisory Minister of Defence, Mr. Labaran Maku, has emphasised the need for contractors handling the construction of electricity generation and transmission plants in the country to synchronise their efforts. This, according to the minister, would ensure a timely and smooth take off without delay. Maku said this yesterday in Kaduna…

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CWG offers solution for effective power supply

Dec 6, 2013

As the Federal Government handed power generation and distribution to private companies in the country, one of Nigeria’s Information and Communication Technology group, Computer Warehouse Group Plc, has come up with an effective smart grid and metering solution. The solution helps to solve the problems often arisen from power theft, inadequate planning, and measurement of…

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