Power

New owners of power firms complain of challenges

Nov 28, 2013

Barely 27 days after taking over the operations of successor generation and distribution companies of the defunct Power Holding Company of Nigeria (PHCN), core investors of the privatised firms have finally come up with complaints over the actual operational challenges facing them. They made their complaints known to the Nigerian Electricity Regulatory Commission (NERC) at…

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Privatisation: 90% PHCN staff cleared, says FG

Nov 27, 2013

The Minister of Power, Prof. Chinedu Nebo has said the federal government has achieved 90 percent success in the payment of workers’ severance packages and pension while revealing that a total of 40,093 workers have already received their pay. Prof. Nebo disclosed this on Monday when the Donor Coordinating Group, led by the United Nations…

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Prepaid meter scheme, a must —FG

Nov 27, 2013

Indications have emerged that the Federal Government will enforce the Credited Advance Payment for Metering Implementation initiated by the Nigerian Electricity Regulatory Commission to close the metering gap and curb ‘crazy billing’ in the power sector. The NERC Chairman, Dr. Sam Amadi, told our correspondent on Tuesday that CAPMI would continue to operate even if…

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Power station MRO market to grow as generation capacities expand

Nov 26, 2013

The maintenance, repair and overhaul (MRO) market in Nigeria is set for steady growth as several power generation plants begin expanding their capacities, according to an analysis from global growth consulting firm, Frost & Sullivan. The growth is also expected in South Africa and Zambia. The market will continue to pick up pace as the…

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Electricity market now to take off in March

Nov 26, 2013

To ensure that it serves its purpose, the take-off of the Transitional Electricity Market (TEM) has been shifted from January to March next year. The postponement, the Nigerian Bank Electricity Trading (NBET), which will over see TEM, said was to ensure that certain things were put in place. These include the coming on stream of…

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PHCN privatisation: ‘FG, others may have compromised on standard processes’

Nov 26, 2013

Stakeholders in the Nigeria’s electricity industry have described the ongoing power sector privatisation as a “pathway” and not a “door” to sustainable electricity supply market. They argued that the expectations of incremental quality and quantity in electricity supply are dependent on the satisfaction of certain key conditions, which they said include respect for established electricity…

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Power sector ’ll provide best market for investors –Nebo

Nov 25, 2013

The minister of Power, Professor Chinedu Nebo has said that Nigeria will provide the best market for investors in the power sector. “Nigeria as an emerging economy is set to provide the best market for direct foreign investment especially in the power sector,” said Nebo. There is no doubt that financial experts are in agreement…

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MAN adopts wait and see attitude to power reforms

Nov 25, 2013

The Manufacturers As sociation of Nigeria (MAN) will not assess the power sector reforms for now, its Chairman, Infrastructure Committee, Riginald Odiah, has said. He told The Nation that the body wanted to watch the situation as it unfolds before passing judgment on issues relating to the sector reforms. He said: ‘’As regard the issue…

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Power generation drops by 450MW

Nov 25, 2013

Electricity generation has dropped by 450 megawatts, the Transmission Company of Nigeria has said. The firm said the drop on Saturday was due to vandalism of pipelines supplying gas to the Okpai Power Plant in Delta State. The plant, it said, was shut down as a result of the reported vandalism, adding that the development…

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Indigenous steel firms seek role in N457bn power investment

Nov 24, 2013

Indigenous steel fabricating companies are seeking to play a major role in the N457bn power transmission infrastructure investment planned by the Federal Government. With huge transactions underway for the transformation of the Transmission Company of Nigeria, which is the only PHCN successor company, still owned by the Federal Government, indigenous fabricating yards say they are…

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