Posers over replacement of PHCN with EMS

Sep 30, 2013

Nigeria’s long and tortuous journey to electricity reforms seems to be coming to an end.President Goodluck Jonathan will Monday hand over certificates and licences to buyers of the successor companies of Power Holding Company of Nigeria (PHCN), heralding the end of an era and the beginning of another. The handover is expected in the next…

Read More

Nigeria signs $1.3bn power plant deal with China

Sep 30, 2013

The federal government has signed a deal with Chinese companies to build a $1.3 billion power plant in the country. The deal is part of efforts to end chronic electricity shortages that are a major brake on growth. Nigeria produces only a few hours of electricity a day, forcing those who can afford it to…

Read More

FG undermined Lagos effort to generate power – Fashola

Sep 30, 2013

Lagos State Governor, Mr. Babatunde Fashola (SAN), at the weekend, said the federal government undermined the efforts of his predecessor, Senator Bola Tinubu, to generate electricity for the residents of the state. The governor also lamented that the Tinubu administration then built the Ikorodu Power Plant (IPP), which he said, was designed to generate 270…

Read More

FG explains delay in payment of disengaged staff of PHCN

Sep 27, 2013

The Permanent Secretary, Ministry of Power, Godknows Igali, yesterday, explained that the delay in payment of the entitlements of disengaged staff of the Power Holding Company of Nigeria, PHCN, was to ensure that no mistakes were made. In an interview with newsmen after a meeting with Vice President Namadi Sambo at the Presidential Villa, Igali…

Read More

NERC meets power firm investors over rules

Sep 27, 2013

Ahead of the proposed transfer of the privatised electricity firms to their new owners on October 1, the Nigerian Electricity Regulatory Commission was on Thursday set to meet with the core investors in the 15 power companies carved out of the Power Holding Company of Nigeria. The Chairman, NERC, Dr. Sam Amadi, who disclosed this…

Read More

New Disco, Genco owners to take over in 30 days

Sep 27, 2013

The federal government has disclosed that plans are in the pipeline to start the physical hand over of the successor companies of the Power Holding Company of Nigeria (PHCN) to the new owners within the next 30 days. Permanent Secretary of the Ministry of Power, Godknows Igali, spoke to journalists yesterday after a meeting with…

Read More

Gas demand by power sector to rise to 2,200mmcfd by 2015 – NNPC

Sep 26, 2013

The Nigerian National Petroleum Corporation (NNPC) Wednesday said it expects gas demand by Nigeria’s power sector to grow to about 2200 Million Standard Cubic Feet per Day (mmscf/d) by 2015. The corporation said gas supply to the power sector had grown from 620mmscf/d to about 920mmscfd between 2010 and 2013 and that steady and sustainable…

Read More

‘Advance Payment Initiative will promote affordable meters’ – NERC

Sep 26, 2013

The Nigerian Electricity Regulatory Commission (NERC) has assured Nigerians that the new Credited Advance Payment for Metering Installations (CAPMI) initiative will promote affordable meter supply and installations for electricity consumers. Chairman/CEO, NERC, Dr. Sam Amadi disclosed this at the Local Government Power Consumer Assembly held at Kafanchan in Jama’a Local Government Area of Kaduna state.…

Read More

‘Payment for PHCN meters illegal’

Sep 26, 2013

The Nigerian Electricity Regulatory Commission (NERC) yesterday declared the sale of meters by the Power Holding Company of Nigeria (PHCN) Limited from July 1, last year as illegal. The commission urged any victim to forward the evidence of payment to it. NERC’s General Manager, Government and Consumer Affairs, Dr. Tony Akah, spoke at the Local Government…

Read More

IPP will improve power supply in Kwara – Ahmed

Sep 26, 2013

The Kwara State Governor, Alhaji Abdulfatah Ahmed, has said that the Independent Power Project embarked upon by the state government would greatly improve power supply in the state, especially in Ilorin. He stated this in an interview with journalists in Ilorin on Wednesday, stressing that the IPP would generate electricity to support basic essential services…

Read More