Power

TCN, Phase 3 contract feud threatens Nigeria’s power grid

Jul 8, 2019

The termination of a 15-year-old year concession agreement entered into between the Transmission Company of Nigeria (TCN) and Phase 3 Telecom Limited which has put the two organizations on collision course is impacting negatively on the stability of the national grid, Daily Trust on Sunday reports. The Transmission Company of Nigeria (TCN) is successor of…

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4 Discos grow revenue by N49.6bn as USAID intervenes

Jul 8, 2019

Four power distribution companies in the country grew their revenue by $162m (N49.57bn at the official exchange rate of N306 to a dollar) after the intervention of the United States Agency for International Development through the Power Africa Transactions and Reform Project. It was gathered that the United States agency’s support to the four Discos…

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Regulatory issues frustrate 600km Okija power project

Jul 8, 2019

Poor government regulation, it was learnt at the weekend, has stalled the take off of $600 million gas power project of Century Power Generation Limited in Okija, Anambra State. The firm is a subsidiary of Nestoil Group, a local conglomerate, with interest in oil, gas and power, among others. In a telephone interview, its Chief…

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NERC assures MAP scheme will help Discos close metering gap

Jul 5, 2019

The Nigerian Electricity Regulatory Commission (NERC), has said that power distribution companies (DISCOs) in Nigeria were not able to provide meters. Prof. James Momoh, the Chairman of NERC, who disclosed this in Abuja, however, maintained that it was the responsibility of the power firms to meter their customers He said: “Now we have investors, who…

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Discos blame persistent collapse of Nigeria’s electricity grid on TCN

Jul 4, 2019

Distribution Companies (DisCos), have said the Transmission Company of Nigeria (TCN), should be held responsible for the persistent collapse of the nation’s electricity grid. While power grid collapse has become a recurring decimal with the current incident making it the ninth so far this year alone, the 10-member body said the poor transmission network protection…

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Ibadan DisCo signs pact with 7 meter providers under MAP scheme

Jul 4, 2019

Ibadan Electricity Distribution Company (IBEDC) has signed a Memorandum of Understanding (MoU) with seven Meter Asset Providers. Engr. John Ayodele, the Chief Operating Officer of IBEDC, at the signing ceremony said IBEDC is committed to providing prepaid meters to its teeming customers across its franchise: Ibadan, Oyo, Osun, Ogun, Kwara and parts of Kogi, Ekiti…

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Buhari admits FG’s performance in power supply not good enough

Jul 4, 2019

President Muhammadu Buhari admitted on Wednesday that the performance of his administration in the power sector was “not good enough”, saying that this called for more efforts by Electricity Distribution Companies to provide the needed resources and technical expertise. He stated that the Federal Government would play its own part by improving the transmission of…

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Ikeja Electric begins MAP rollout in Shomolu business unit

Jul 3, 2019

Ikeja Electric Plc (IE) says it has commenced the rollout of meters for customers in the Shomolu Business Unit under its Meter Asset Providers (MAPs) scheme. The acting Chief Commercial Officer, Ikeja Electric, Ugochukwu Obi-Chukwu, made this known on Tuesday in Lagos. Obi-Chukwu said his organisation had just completed meter installation for all residents of…

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Nigerian gas producers lament as power firms owe N1.3trn

Jul 3, 2019

Gas producers in the country have said power generation companies owe them a total of N1.3tn for the supply of the fuel to power stations. The nation generates most of its electricity from gas-fired power plants, while output from hydropower plants makes up about 30 per cent of the total. Total electricity generation in the…

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Nigeria has seen only one power plant built from 100 licences issued – Stakeholders

Jul 3, 2019

Stakeholders have again faulted the privatisation of the power sector, noting that regulatory framework in the sector is stifling investments rather than encouraging it. To underscore the point, the Executive Director, Nestoil, Dr Chukwueloka Umeh, and the Nigerian Gas Association (NGA), noted that only one power plant has been built despite issuance of licences to…

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