September 2015
blogHAMMER

Electricity Market Operator, TCN Risk Regulator’s Sanctions

Posted: September 29, 2015 at 9:48 am   /   Government, Ministry of Power, NERC, Regulation, TCN

It seems the problem between the Electricity Market Operator and the mother company, TCN, is not going away soon as the Nigerian Electricity Regulatory Commission (NERC) has issued Notices of Commencement of Enforcement Action on the Market Operator (MO) for operating a unilateral bank account. The notice gave the erring MO seven days ultimatum to […]

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Nigeria Deserves a Well Established Electricity Market – Igali

Posted: September 22, 2015 at 4:35 pm   /   Government, Ministry of Power, Photo

The Permanent Secretary, Federal Ministry of Power, Amb. Godknows Igali has charged participants in the electricity market to imbibe best business practices in order to bequeath a well-established electricity market to the next generation. Amb. Igali, who currently supervises all activities in the Federal Ministry of Power, was speaking during the closing ceremony of a […]

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NERC Targets 6000MW, Inaugurates Taskforce to Boost Power Supply

Posted: September 9, 2015 at 4:54 pm   /   Government, Ministry of Power, NERC, Regulation

In an attempt to attain 5000MW in September and end the year with 6000MW, the Nigerian Electricity Regulatory Commission (NERC) has inaugurated a 14-man task force to facilitate the milestones achievements. According to NERC in a statement, peak capacity generation of 4,800megawatts was achieved few weeks ago due to stringent regulatory measures applied by the […]

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Nigeria spent N2.7tr on power in 16 years

Posted: September 9, 2015 at 4:30 pm   /   Government, Ministry of Power, NERC, Regulation

A whopping sum of N2.74 trillion has so far been spent in attempts to improve power supply in Nigeria since 1999 to date, a Senate adhoc committee investigating investments in the power sector in the last 16 years has been told. The arrow head of the Federal Ministry of Power, Amb. Godknows Igali said: “From […]

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Electricity Consumers Reject Tariff Review

Posted: September 6, 2015 at 7:51 am   /   Discos, Ikeja, NERC, Regulation

Electricity customers in one half of Lagos State being serviced by Ikeja Electric have rejected the any proposal by the franchise to contemplate any increase in tariff in the immediate future. At a forum hosted by Ikeja Electric, consumers under the umbrella of the Joint Action Committee of the Electricity Distribution Company Customers Consultative Forum […]

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JICA Unveils Plan to Commence 25-Year Power Development Study for Nigeria

Posted: September 4, 2015 at 11:37 pm   /   Government, Ministry of Power, NERC, Photo, Regulation

The Japanese International Co-operation Agency (JICA), is to embark on a comprehensive master plan study on National Power Development for its intervention activities in Nigeria. The scope of the proposed study will include all its collaborative activities in the power sector covering the entire country with a target year between 2015 and 2040 (25 years). […]

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Power Firms not Ready for Commercial Market Operations — TCN

Posted: September 1, 2015 at 5:48 pm   /   Government, Ministry of Power, TCN

The Market Operation unit of the Transmission Company of Nigeria has declared that the electricity market participants are not keeping to the terms and contracts expected to drive the sector. According to the Market Operator, Barr. Ngozi Osuhor, the continued flouting of the contractual demands of the Transitional Electricity Market, TEM, by power distribution companies […]

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