FG has no concrete agenda for PHCN privatisation – Joe Ajaero

Aug 13, 2013

General Secretary of National Union of Electricity Employees (NUEE), Joe Ajaero, in an encounter with Linda Eroke, says a nationwide industrial action has become imminent in view of the unresolved labour issues in the power sector. He also opined that government did not factor in the cost implications of the privatisation of the Power Holding…

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FG alleges politically motivated sabotage to power reform efforts

Aug 13, 2013

The federal government Monday rose from a meeting of the Joint Committee of the National Council of Privatisation (NCP) and the Board of the Niger Delta Power Holding Company (NDPHC), alleging that its efforts to provide constant power supply in the country were being eroded by politically-motivated sabotage through gas pipelines and transformers vandalism. Benue…

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Electricity supply to major cities worsens, Nigerians groan

Aug 13, 2013

Nigerians on Monday condemned the poor supply of electricity across the country for about five days now. While some described the development as a setback to the ongoing reforms in the sector, others wondered if the Federal Government was actually sincere and ready to address the rot in the system. This is coming as officials…

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386 prospective bidders shortlisted for 10 power plants

Aug 13, 2013

The Federal Government on Monday said 386 firms had been  shortlisted for the purchase of 10 National Integrated Power Project  plants slated for privatisation. Governor Gabriel Suswam of Benue State made this known to State House correspondents at the end of a joint meeting of the Niger Delta Power Holding Company and the National Council…

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Power generation in Nigeria drops to 2,628.6Mw

Aug 12, 2013

The total amount of electricity generated in Nigeria as at 6am on Saturday was 2,628.6 megawatts. This indicates a sharp drop from the little above 4,000MW, which the Federal Government had recently announced as the country’s generated power. The drop in generated electricity, according to the Minister of Power, Prof. Chinedu Nebo, is as a…

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7,000 firms submit bids for 360 rural electrification contracts

Aug 9, 2013

About 7,000 firms have submitted bids for 360 lots of rural electrification projects, Chief Executive Officer of the Rural Electrification Agency, REA, Engr. Kenneth Achugbu has said. This means on the average, only one bidder out of every 20 competing bidders would win a lot. Speaking at the public opening of the bids in Abuja,…

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Siemens hopes to empower independent power investors through forum

Aug 8, 2013

Siemens, which seeks to play greater role in the country’s emerging private sector-led power sector, is partnering with the Federal Ministry of Power to tackle challenges facing Independent Power Plants developers in Nigeria. The power solution provider, in a statement on Wednesday, said the essence of the second edition of the IPP Forum, which it…

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Ministry of Power insists on transparent, productive review of Electricity Act

Aug 7, 2013

The Ministry of Power has said its planned review of Nigeria’s almost eight years old Electric Power Sector Reform, EPSR, Act is intended to keep the sector abreast with extant changes in the emerging electricity market. The ministry said it was already looking ahead to obvious challenges that would arise in a post privatised power…

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FG approves N118bn as severance package for PHCN Staff

Aug 7, 2013

The federal government Tuesday said the payment of severance benefits to workers of the Power Holding Company of Nigeria (PHCN) had commenced in earnest with the approval of about N118 billion for about 20,304 members of staff, who had been cleared. The payment, said to have commenced on August 1, was being made by the…

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NERC chairman explains electricity tariff hike

Aug 6, 2013

Despite the pre-paid five-year tariff on electricity which ought to make the price remain stable, the Chairman of the Nigerian Electricity Regulation Commission (NERC), Dr. Sam Amadi, has said the rise in inflation has forced the price to go high. Amadi stated this Monday, when he played host to the Director General, Consumer Protection Council,…

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