FG Woos European Investors on 80% Interest in NIPP Plants

Jun 13, 2013

The federal government Wednesday wooed European investors to acquire 80 per cent stakes in 10 power stations built under the National Integrated Power Project (NIPP), assuring them of maximum support in ensuring the success of electricity business in the country. The Road Show to kick-start the international investment drive for the divestment of government stakes…

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TCN acquires N471m software to monitor electricity lines

Jun 13, 2013

The Transmission Company of Nigeria has announced the acquisition of a N471m software to enable it monitor activities on power transmission lines and other electricity distribution infrastructure in the country. The General Manager, Design and Construction, TCN, Mr. Mike Ezeudenna, said the software would also help in the accurate evacuation of power by the company.…

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Osun and UN install 78.94-kW hydro power plant

Jun 13, 2013

The Osun State Government and the United Nations Industrial Development Organisation have started the installation of 78.94 kilowatts hydro power plant in Ikeji-Ile community of Osun State. Indigenes and residents of Ikeji-Ile trooped out in large number, on Saturday, to witness the arrival of the two turbines, which would power hydro electricity from the stream…

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Enugu Disco affirms ownership of Aba electric firms

Jun 12, 2013

Interstate Electrics, winner of the Enugu Electricity Distribution Company, Enugu Disco, has said that the lease agreement of April 28, 2005, that purportedly granted the Aba Power Limited and Geometrics Power Aba Limited the power to distribute electricity within the areas specified in the lease (the ring-fenced islands) was made at a time they did…

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Geregu II Power Station taken over by Federal Government

Jun 11, 2013

The federal government has taken over the 434megawatts-capacity Geregu II gas-turbine power plant built under the National Integrated Power Project (NIPP) from Siemens, after the German firm completed the project located in Ajaokuta, Kogi State, on schedule. The power station, the second of its kind, to be built by Siemens in Geregu, was built for…

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FG grants operational licenses to seven generation companies

Jun 11, 2013

The Federal Government on Monday issued operational licences to seven electricity generation companies under the National Integrated Power Project. Each of the companies got an on-grid generation licence for Independent Power Project. The companies include Benin Generation Company Limited in Edo State, which will generate 450 megawatts of electricity; Omotosho GCL, Ondo State, 500MW; Omoku…

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FG seeks to avert legal battle over PHCN Assets

Jun 11, 2013

The federal government is said to be making frantic efforts to avert potential legal tussles with preferred bidders of 15 of the 17 successor generation and distribution companies of the Power Holding Company of Nigeria (PHCN) over the final operational conditions of the assets scheduled to be handed over to the investors soon. It was gathered…

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FG sets up panel to investigate power system collapse

Jun 11, 2013

In the last five months, Nigeria has recorded more than 15 power system collapses, the Federal Government has said. In a bid to address the problem, the government on Monday inaugurated a 13-member Technical Investigative Panel on System Collapse. The Minister of Power, Prof. Chinedu Nebo, ordered the panel to complete the assignment within two…

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FG may set up council on electricity supply

Jun 10, 2013

The Federal Government is considering setting up of the National Council on Power in a bid to ensure adequate supply of electricity in the country. When constituted, the NCP will be charged with the responsibility of harmonising policies of various tiers of government as they relate to power. News correspondents gathered from senior officials in…

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BPE to release licences for N1.2tr NIPP projects

Jun 10, 2013

There are indications that the Bureau of Public Enterprises (BPE) will today, release licences to seven of the 10 National Integrated Power Projects (NIPP) estimated at N1.2 trillion, which have been put up for sale by the Federal Government. It was learnt at the weekend that licences would be presented today to the Niger Delta Power…

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