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No Plans to Revoke Power Sector Privatization- Fashola

Posted: September 30, 2017 at 1:10 pm   /   Discos, Gen. Biz, Gencos, Government, Ministry of Power

The new owners of power sector assets can be rest assured as the Federal Government has ruled out the possibility of revoking licences given to them to run the country’s power sector. The Minister of Power, Works and Housing, Babatunde Fashola, cleared the air at the Policy Dialogue on the Power Sector, organised by the […]

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3rd National Power Council Meets to Discuss Sector Challenges

Posted: September 18, 2017 at 8:30 pm   /   Discos, Gen. Biz, Government, Ministry of Power, Photo

The 3rd National Council on Power (NACOP) kicked-off in Jos, Plateau State capital, 18th September with the theme “Completing Power Sector Reforms”. The Council whose opening session is being chaired by the Permanent Secretary, Power, Louis Edozien, is to examine the challenges of the moment and take decisions to overcome them to ensure the sector […]

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Big Companies can now buy Power Directly from Gencos- Fashola

Posted: May 22, 2017 at 1:10 pm   /   Discos, Gen. Biz, Government

Things would start looking up for electricity consumers in Nigeria as the Minister of Power, Works and Housing, Mr Babatunde Fashola has eventually declared the commencement of the much dreaded Eligibility Customer operation in the power sector. Eligibility customer operation is a scheme envisaged by the Power Sector Reform Act, 2005, where in some categories […]

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FG Revives Sale of 10 NIPP plants in New Economic Plan

Posted: April 15, 2017 at 5:00 pm   /   Gen. Biz, Government, Ministry of Power, NDPHC

It is indeed good news for proponents of public sector privatization as the Federal Government has announced that it would conclude the sale of 10 brand new electricity generation plants built under the National Integrated Power Projects (NIPPs) by the Niger Delta Power Holding Company Limited (NDPHC) in line with its recently launched Economic Recovery […]

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N701bn Power Intervention Funds Too Small to Resolve Power Problems

Posted: March 13, 2017 at 11:08 pm   /   Discos, Gen. Biz, Government, Ministry of Power

While a lot of people heaved a sigh of relief following FG recent intervention in the power sector, the Association of Nigerian Electricity Distributors (ANED) speaking on behalf of the 11 distribution companies has declared that the N701 billion intervention fund approved by the federal government for payments to Gencos has the potential to worsen […]

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Fashola Calls for Realistic Expectations from Power Customers

Posted: March 6, 2017 at 6:07 pm   /   Discos, Gen. Biz, Government

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has called on electricity customers in the country to be patient with government and the operators in the power sector. According to him the raft of recent decisions, such as the inauguration of commissioners for the Nigerian Electricity Regulatory Commission (NERC) and the approval of […]

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Power Sector Will Soon Collapse — Elumelu

Posted: January 29, 2017 at 5:45 pm   /   Delta-Ughelli, Gen. Biz, Gencos

Chairman of Transcorp Group and United Bank for Africa, UBA, Mr Tony Elumelu, has said Nigeria’s power sector will soon collapse if urgent action was not taken. Elumelu spoke in an interview with CNBC Africa: “The agency of government that is responsible for making sure that this sector delivers on its potential is not doing […]

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Privatization of NIPP Resumes in Phases

Posted: November 13, 2016 at 11:56 pm   /   Gen. Biz, Gencos, Government, Ministry of Power, Regulation

The Managing Director of NDPHC, Chinedu Ugbo, has disclosed that the company has obtained Federal Government’s approval to resume the privatization process of the 10 gas power generating plants built under the NIPP which had been stalled since 2013. Speaking at an energy forum in Abuja, the NIPP boss stated that the privatization process will […]

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Fashola: FG Won’t Cancel Power Sector Privatization

Posted: November 13, 2016 at 11:21 pm   /   Discos, Gen. Biz, Gencos, Government, Regulation

The Minister of Power, Works and Housing, Babatunde Fashola, has declared that the Federal Government will not revoke the privatization of the power sector carried out three years ago, despite stringent calls by several influential interest groups to revoke the exercise. The Minister who spoke at the 5th European Union (EU) – Nigeria Business Forum […]

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Egbin Power Plant may be Shut Over Rising Debt

Posted: September 24, 2016 at 11:56 am   /   Gen. Biz, Government, Ministry of Power

Days of darkness when the people would be without power looms as the biggest supplier of electricity into the National Grid threatens to shut down over huge debts owed it. The Managing Director and Chief Executive Officer, Egbin Power Plc, Mr. Dallas Peavey Jr., submitted that the plant might be forced to shut down if […]

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