Disco earmarks N42b for power system upgrade

May 1, 2014

The Eko Electricity Distribution Company (EKEDC) has earmarked about N42 billion investments on network rehabilitation and improvement over the next five years. Meanwhile, the Eko and Ikeja Electricity Distribution Companies (both in Lagos) have withdrawn the identity cards of about 5,075 employees, signaling their disengagement from service. Some of the staff members, who spoke to…

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NIPP privatisation: Talks between Ethiope, BPE collapse

May 1, 2014

Talks aimed at resolving the dispute between Ethiope Energy Limited and the Bureau of Public Enterprises (BPE) over the bid process for three National Integrated Power Plants (NIPPs) have collapsed. The affected power stations are Alaoji, Omoku and Gbarain. Yesterday, counsel to Ethiope Energy Limited, Bello Abu, told Justice Abdul Kafarati of the Federal High…

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NERC places running caveat on Discos’ collection of fixed charges

May 1, 2014

Starting from today, consumers of electricity services in the country’s privatised electricity market will have the chance to hold back payment of fixed electricity charges to distribution companies as contained in their bills depending on the fulfilment of certain conditions, the Nigerian Electricity Regulatory Commission (NERC) has said. This came as the federal government yesterday…

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Nigeria needs 51,000 engineers to boost power sector reform – NAPTIN

Apr 30, 2014

The National Power Training Institute of Nigeria (NAPTIN) has said that country requires 51,000 engineers to fast-track the power sector reform.Currently, the sector has an estimated 200 young engineers, craftsmen and fitters out of the required 51,000 engineers. The Director-General of the Institute, Mr Reuben Okeke, gave the figure on Monday in Abuja at the…

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Power sector is broke – Ex-minister

Apr 30, 2014

A former Minister of Power and high-ranking officer of the defunct Power Holding Company of Nigeria (PHCN), Bello Suleiman, has States based power supply company, Enron, in 1998. Suleiman who is a delegate to the National Conference and a member of the Committee on Energy told THISDAY in an interview in Abuja that as a…

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Non-payment of N18.2b purchased power worries Genco

Apr 30, 2014

Laxity in the implementation of fiscal policy guiding the operations of the power sector in the post-privatisation era may have thrown Egbin Electric Power Company into confusion on how to recoup its targeted income of about N18.2 billion from the power purchasers since the period of take-over. The Managing Director, Egbin Electric Power, Mike Uzoigwe,…

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$10bn investment is needed to double power generation in Nigeria – Nebo

Apr 30, 2014

The Minister of Power, Prof. Chinedu Nebo, said close to 10 billion dollars about N1.6 trillion investment was needed to double the power generation capacity of the country.Nebo disclosed this when he made a presentation to the National Conference Committee on Energy in Abuja on Tuesday. He also noted that Nigeria needed over 300 billion…

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Eko, Ikeja DISCOs sack 5,075 workers

Apr 30, 2014

Indications emerged yesterday that the management of Eko and Ikeja Electricity Distribution Companies, DISCOs, have sacked no fewer than 5,075 workers. A breakdown of the number of the affected workers shows that 2,600 workers had their identity cards withdrawn by Eko Distribution Company, DISCO, while 2,475 were from Ikeja DISCO. An affected worker said: “We…

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Consumers decry increase in fixed charges

Apr 29, 2014

There is concern among consumers over possible increase in fixed charges by the Nigerian Electricity Regulatory Commission(NERC) in June. The development is coming on the heels of the commision’s decision to review the yearly fixed charges for residential and corporate consumers in June. Consumers, who spoke with The Nation, said any upward review of the…

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NERC pledges sustained partnership for gas supply

Apr 29, 2014

The Nigerian Electricity Regulatory Commission (NERC) has stated its readiness to continue collaborating with stakeholders on accessing long term gas supply for the power sector. The   Commissioner,  Government and  Consumer Affairs Division, Dr. Abba Ibrahim, disclosed this while receiving Turkish construction experts known as the Turkish Construction Forum, led by the Turkish Ambassador to Nigeria,…

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