Power

Geregu II Power Station taken over by Federal Government

Jun 11, 2013

The federal government has taken over the 434megawatts-capacity Geregu II gas-turbine power plant built under the National Integrated Power Project (NIPP) from Siemens, after the German firm completed the project located in Ajaokuta, Kogi State, on schedule. The power station, the second of its kind, to be built by Siemens in Geregu, was built for…

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FG grants operational licenses to seven generation companies

Jun 11, 2013

The Federal Government on Monday issued operational licences to seven electricity generation companies under the National Integrated Power Project. Each of the companies got an on-grid generation licence for Independent Power Project. The companies include Benin Generation Company Limited in Edo State, which will generate 450 megawatts of electricity; Omotosho GCL, Ondo State, 500MW; Omoku…

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FG seeks to avert legal battle over PHCN Assets

Jun 11, 2013

The federal government is said to be making frantic efforts to avert potential legal tussles with preferred bidders of 15 of the 17 successor generation and distribution companies of the Power Holding Company of Nigeria (PHCN) over the final operational conditions of the assets scheduled to be handed over to the investors soon. It was gathered…

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FG sets up panel to investigate power system collapse

Jun 11, 2013

In the last five months, Nigeria has recorded more than 15 power system collapses, the Federal Government has said. In a bid to address the problem, the government on Monday inaugurated a 13-member Technical Investigative Panel on System Collapse. The Minister of Power, Prof. Chinedu Nebo, ordered the panel to complete the assignment within two…

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FG may set up council on electricity supply

Jun 10, 2013

The Federal Government is considering setting up of the National Council on Power in a bid to ensure adequate supply of electricity in the country. When constituted, the NCP will be charged with the responsibility of harmonising policies of various tiers of government as they relate to power. News correspondents gathered from senior officials in…

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BPE to release licences for N1.2tr NIPP projects

Jun 10, 2013

There are indications that the Bureau of Public Enterprises (BPE) will today, release licences to seven of the 10 National Integrated Power Projects (NIPP) estimated at N1.2 trillion, which have been put up for sale by the Federal Government. It was learnt at the weekend that licences would be presented today to the Niger Delta Power…

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New laws needed to grow power sector investment

Jun 10, 2013

An energy law expert, Ayodele Oni, has called for new laws to create more incentives for investment in the “power value chain.” He stated that Nigeria needs a few new regulations on “renewable” and on other engineering standards, cabling, among others. Oni, a senior member of the bar, spoke at the presentation of his new…

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N3.7bn electricity projects may be abandoned

Jun 10, 2013

There are fears that power projects worth N3.7billion may be abandoned in Kaduna State. Managing Director of the Kaduna Electricity Distribution Company (KEDC), Alhaji Idris Mohammed, who expressed the fears saturday said electricity projects under the Kaduna Electricity Distribution Company worth N3.7billion may be abandoned if the federal government fails to complete them before the…

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