Power

NERC tasks distributors on metering scheme

Sep 10, 2013

The Nigerian Electricity Regulatory Commission (NERC) has charged new owners of Distribution companies (Discos) to adopt the existing metering scheme or provide a better alternative. Chairman/CEO of the commission, Dr Sam Amadi said this at the weekend during a meeting with a team from the Bureau of Public Enterprises (BPE) led by its Director General,…

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FG to checkmate technical incompetence in power sector

Sep 10, 2013

The federal government has set up a complementary technical framework to gauge and ascertain the level of compliance by participants to technical requirements in their operations within the Nigeria Electricity Supply Industry (NESI). The new hybrid framework, Electricity Management Services Company (EMS) is expected to complement the regulatory role played by the Nigerian Electricity Regulatory…

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BPE, NERC meet on handover of privatised PHCN successor companies

Sep 10, 2013

The Nigerian Electricity Regulatory Commission (NERC) has met with the Bureau of Public Enterprises (BPE) to establish modalities for a seamless handover of the privatised electricity generation and distribution companies carved out from the unbundling of Power Holding Company of Nigeria (PHCN). The Chairman of NERC, Dr. Sam Amadi and Director of BPE, Mr. Benjamin…

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Final decision on Enugu DISCO expected this week

Sep 9, 2013

As tempers rise over the controversial sale of the Enugu Distribution Company, indications emerged at the weekend that the Federal Government may have bowed to pressures to clear the way for a meeting of the Technical Committee of the National Council on Privatisation (NCP) to take a final decision to resolve the impasse. THISDAY’s checks…

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Zungeru hydro among world’s most expensive

Sep 9, 2013

The Federal Government is spending N303 million on generation of each megawatt of electricity through the Zungeru hydro project, which is relatively more expensive than what obtains in Africa’s and world’s biggest hydro-power projects, according to a Daily Trust investigation. The Zungeru project in Niger State, meant to generate 700 megawatts, will gulp $1.3 billion…

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FG to hold bidders’ conference on sale of 10 power plants

Sep 9, 2013

Indications have emerged that the federal government will later this month hold a bidders’ conference on the 10 power stations built under the National Integrated Power Project (NIPP) that are undergoing privatisation, THISDAY has gathered. The bidders for these assets, according to a source close to the Niger Delta Power Holding Company (NDPHC), will submit…

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PHCN workers vow to resist power firms’ handover

Sep 9, 2013

Employees of the Power Holding Company of Nigeria have vowed to resist the takeover of the electricity distribution and generation companies by the successful buyers until all outstanding payments are made. The workers’ position contradicts the recent pronouncement by the Federal Government that the successful bidders who met the deadline for the payment of the…

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Interstate Electrics completes payment for Enugu DISCO

Sep 9, 2013

Interstate Electrics (IE), which won the bid for the Enugu Electricity Distribution Company, DISCo, is said to have completed the payment of the 75 percent balance for the electricity firm. A top official at the Bureau of Public Entreprises, BPE, told  Vanguard Friday that the consortium paid the sum of $94,505million or about N148.373 million…

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GE partners XD Electric to boost power across Africa

Sep 6, 2013

To improve on the provision of technology and infrastructure solutions, General Electric (GE) and XD Electric Group have announced the formation of a new partnership that combines GE’s grid automation capabilities with XD Electric’s comprehensive portfolio of primary high-voltage equipment. According to the statement issued in Lagos, the partnership will expand GE’s capabilities as a…

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PHCN privatisation: Workers warn investors to steer clear of facilities

Sep 6, 2013

Employees of Power Holding Company of Nigeria (PHCN)  Thursday warned the federal government against handing over PHCN facilities to investors without the resolution of labour issues in the sector. Speaking under the umbrella of National Union of Electricity Employees (NUEE), the employees warned investors to steer clear from PHCN facilities pending the resolution of all…

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