Power: FG to develop 186trn standard cubit feet of gas — Sambo

Aug 15, 2014

The Federal Government declared, yesterday, that it is currently making serious effort to unlock full development of gas resources of over 186 trillion standard cubic feet of gas with a view to making the commodity available for the power sector and other domestic industries. Besides, the government in collaboration with a consortium of financial institutions…

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Power sector donor contributions to hit $2bn by 2018 – UNIDO

Aug 14, 2014

The collective contributions by development partners to Nigeria’s power sector reforms is expected to hit $2 billion by 2018, the country director of the United Nations Industrial Development Organisation (UNIDO) in Nigeria, Patrick Kormawa, has said. He stated this in Abuja, while making a presentation titled “Strengthening and sustaining collaboration with development partners: A value-oriented…

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Ibadan Disco plans to stop estimated billing

Aug 13, 2014

The Ibadan Electricity Distribution Company has restated its commitment to the eradication of billing by estimation and other corrupt practices that hinder effective distribution of electricity in its areas of franchise. The Managing Director, IBEDC, Mr. Fortunato Leynes, made the disclosure at a customer forum in Ilorin, Kwara State, on Tuesday. The forum, according to…

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US-Power Africa project: Nigeria positioned to take more than 30% of available funds

Aug 13, 2014

The federal government yesterday said Nigeria’s appetite to grow its electricity industry has placed her in a pole position to consume around 30 per cent of available funds provided by the United States to help develop the energy sectors of six select African countries in the US-backed initiative, ‘Power Africa’. The government said at the…

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Nigeria’s GDP drops four per cent due to poor power supply – BPE Boss

Aug 12, 2014

Nigeria’S Gross Domestic Product (GDP) has lost about four per cent of its value due to shortage of power supply, the Director-General, Bureau of Public Enterprises (BPE), Benjamin Dikki, has said. Presenting a paper tiltled: “Update on post-Privatisation Issues” yesterday in Abuja during the inaugural of the National Council on Nigeria, Dikki explained that  power…

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FG to inaugurate power council to tackle challenges

Aug 12, 2014

Barring unforeseen developments, the Federal Government has concluded arrangements to inaugurate a National Council on Power, NCOP, this week, in Abuja.  The body when constituted would be charged with the responsibility of harmonising policies of various tiers of government as they relate to the power sector. The council is also expected to develop an action…

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BPE, NERC to commence forensic probe on Discos

Aug 12, 2014

The federal government ,through two of its key agencies, the Bureau of Public Enterprises (BPE) and Nigerian Electricity Regulatory Commission (NERC), has said it is ready to commence a forensic probe of the extent of financial commitments so far made by the new owners of the various electricity distribution companies in the country. It said…

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NDPHC revokes distribution jobs of three defaulting NIPP contractors

Aug 11, 2014

Following reports of exhaustive meetings and deadline threats in attempts to arrest  the slow pace of executing electricity distribution contracts awarded to companies by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Projects (NIPPs), the board of NDPHC has finally approved the revocation of three of the various distribution contracts within…

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NERC audits finances of electricity firms

Aug 11, 2014

Disturbed by allegations of financial crisis plaguing the electricity sector, the Nigerian Electricity Regulatory Commission ( NERC) has commenced audit of the distribution companies ( Discos). The process, according to a deliable source, commenced with the Enugu Electricity Distribution Company and the Benin Electricity Distribution Company. Relatedly, the Commission has appointed a Dispute Resolution Counsellor…

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Govt prepares gas for additional 2000Mw power generation

Aug 11, 2014

The Federal Government is set to produce gas that will  generate at least 2000 megawatts (Mw) of power to boost electricity supply. The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, an industry operator said, is monitoring various gas infrastructure projects to ensure they are completed on record and put into operation to increase power supply…

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