Power

New power assets owners propose improved revenue in interim market

Oct 15, 2013

The new investors of successor distribution companies created from the unbundling of the Power Holding Company of Nigeria (PHCN) have picked holes in the proposed “allowable revenue” to be adopted in the interim electricity market by the Nigeria Electricity Regulatory Commission (NERC). Four of the successor PHCN distribution companies that collectively made a presentation in…

Read More

Enphase Energy announces Clinton Global Initiative for Nigerian microgrid project

Oct 14, 2013

Enphase Energy, Inc. (NASDAQ: ENPH), announced recently its Clinton Global Initiative (CGI) Commitment to Action. Enphase has partnered with Beacon Power Services to provide a clean and reliable energy alternative in Abuja, Nigeria, through piloting an innovative solar energy microgrid system. “Enphase is proud to have created a Clinton Global Initiative commitment to help address…

Read More

ALSCON wants FG to evacuate excess electricity

Oct 14, 2013

The Management of Aluminium Smelter Company  of Nigeria (ALSCON) at Ikot Abasi in Akwa Ibom  state has pleaded with the Federal Government to   link its  internally generated gas fired electric power plant to the national grid as it could serve as an important backup of electricity supply  to the smelter in the event of  gas…

Read More

Power Sector Reform: LCCI foresees stable electricity power

Oct 14, 2013

The Lagos Chamber of Commerce and Industry (LCCI) recently applauded the progress made so far on the privatisation of the power sector as the chamber foresees a stable electricity power in the country. The Council stated this through a communiqué signed by its Director General, Muda Yusuf that the recent handover of the Distribution Companies…

Read More

Manitoba to take over TCN

Oct 14, 2013

The Federal Government is putting in place measures to ensure that Manitoba Hydro International of Canada takes control of the Transmission Company of Nigeria (TCN), the Secretary, National Electricity Regulatory Commission (NERC), Ada Ozemean, has said. She told The Nation that the development was informed by the need to limit the government’s control of TCN and make…

Read More

Power supply, key to GDP growth, says Nebo

Oct 14, 2013

The Minister of Power, Professor Chinedu Nebo, has said adequate availability of electricity supply will significantly reduce the operational cost for industries and increase the Gross Domestic Product (GDP). The minister, who spoke at the opening session of a two day public hearing and workshop on the regulation of the electricity market post-privatization held in…

Read More

US firm to finance 350MW Gurara Hydro Dam in Niger

Oct 14, 2013

A United States-based company, Transatlantic Investment and Development Company (TIDC), at the weekend said it had concluded arrangements to finance the construction of the Gurara multipurpose dam project also known as Gurara II in Niger State. TIDC stated this through its legal adviser, Mr. Bem Atetan, in Abuja that the project financing commitment was a…

Read More

Issue meters to all consumers, FG orders Discos

Oct 14, 2013

The Federal Government has directed new owners of power distribution firms to provide all electricity consumers with meters as soon as they take over the successor companies of the Power Holding Company of Nigeria. It advised that the new power firms should accord priority to the metering of their customers nationwide. The Chairman, Nigerian Electricity…

Read More

NERC needs to help, support power investors – Expert

Oct 11, 2013

The National Electricity Regulatory Commission (NERC) has been implored to assist the Power Holding Company of Nigeria (PHCN) successor-companies to realise the objectives of the privatisation. The Manager, Consultancy Services, Nigerian Society of Engineers, Dayo Olugboye gave the advice during a workshop for journalists on reporting contract monitoring processes organised by Media Rights Agenda in Lagos.…

Read More

Lagos, Oando complete N3.2b power plant

Oct 11, 2013

Oando Gas and Power (OGP), a subsidiary of Oando Plc and the Lagos State Government have completed the construction of a N3.2 billion Independent Power Project (IPP) in Alausa, Ikeja area of Lagos State. The project, which is a 10.34Mega Watt dual fired power plant has already been slated for commissioning on Thursday in a…

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...