Power

NERC generates N4.1bn revenue in Q3

Oct 8, 2013

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that it got 4.1 billion naira as Internally Generated Revenue (IGR) between the first and third quarter ending in September  2013, just as it plans to establish new zonal offices across the country. NERC chairman, Dr. Sam Amadi, disclosed this recently in Abuja during a visit of…

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How GENCOs can improve power, by experts

Oct 8, 2013

Well-located plants, constructed pipelines, a reasonable price regime, and additional investment in gas sector will help the four power generation companies to improve electricity in the country, experts have said. The experts, Supo Shadiya, Philip Ihenacho and Taiwo Afonja, who spoke at a summit with the theme: The Nigerian Gas:The backbone of Nigeria power sector…

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Deepdrill partners US power firm on non-ceramic technology

Oct 8, 2013

As Nigeria’s privatised power sector continues to attract local and foreign investment, Deepdrill Global Services in partnership with Maclean Power Systems (MPS) of the United States is introducing into the Nigerian market, world-class power solutions to eradicate incessant outages and system failures associated with out-dated generation, transmission and distribution facilities. Chief Executive Officer of Deepdrill…

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Govt okays establishment of power transformer assembly plant

Oct 8, 2013

The Federal Government has approved the establishment of an assembly plant for transformers in the country, as a strategic move to bolster power distribution nationwide. Already, a small hydro power turbine has been designed, fabricated and installed in Ikeji-Ile, Osun State and is currently awaiting commissioning. The Executive Vice Chairman of National Agency for Science…

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Ministry of Power will take up the gauntlet of rural electrification – Nebo

Oct 8, 2013

Minister of Power, Prof. Chinedu Nebo, highlighted the frantic efforts being made by government to settle PHCN workers’ outstanding severance benefits and the ministry’s new role in the post-privatisation era. Chineme Okafor presents the excerpts: What is the status of payment of PHCN workers severance benefits in view of labour’s recent threats? Every effort is…

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Extant incentives foreclose operational failures by new power assets owners – FG

Oct 8, 2013

The federal government has said extant incentives already created by it to aid the operations of the new private owners and investors in the unbundled Power Holding Company of Nigeria (PHCN) has foreclosed any excuse of operational failure by any of the companies. This is just as the Nigerian National Petroleum Corporation (NNPC) has said…

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Kano awards N1.3bn electricity contracts

Oct 7, 2013

Kano State government has awarded a N1.29 billion contract for the installation and supply of power supply network with a compact substation at Kwankwasiya City, near Kano. The Commissioner for Works and Transport, Alhaji Abba Kabir, signed the contract on behalf of the state government in Kano on Friday. Kabir said the three cities of…

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IFC to support local meters’ manufacturers

Oct 7, 2013

The International Finance Corporation (IFC), a member of the World Bank Group, will support local manufacturers of meters with funds to encourage their growth, the Country Manager, Nigeria Africa Department, IFC, Solomon Adegbie-Quaynor, has said. He told The Nation that Nigeria is battling shortage of meters because production of the product is inadequate, adding that the…

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Gas distribution firms, Gencos in talks

Oct 7, 2013

Following the privatisation of the power sector, natural gas distribution companies are discussing with power equipment manufacturers for the manufacture of small power generating plants that run on gas for captive power supply to the electricity distribution companies now owned by new investors. The Managing Director of Falcon Petroleum, Prof Joseph Ezeigbo, told The Nation that…

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New owners won’t take over DISCOs till next year –Investigation

Oct 7, 2013

There are indications that the physical takeover of the electricity distribution companies, DISCOs, by their new owners may be extended till January 2014 following the hiccups posed by the labour related issues in the privatisation of Power Holding Company of Nigeria, PHCN. President Goodluck Jonathan had last Monday handed over the certificates and operating licences…

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