23 Power Generation Companies Receive NI53b from NBET in 7 months

Posted: January 22, 2018 at 6:56 pm   /   Gencos, NBET

Power generating companies in the country have heaved a sigh relief through the payment of N153billion by the Nigerian Bulk Electricity Trader, NBET for power generation into the National Grid. Recall that the power generating companies were, not too long ago, crying to the high heavens that their business was collapsing with NBET only able […]

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NNPC Restores Escravos-Lagos Pipeline, Resumes Gas Supply to Power Plants

Posted: January 9, 2018 at 6:06 pm   /   Gencos, Government, Ministry of Power

The cheering news in the country is that the Escravos-Lagos Pipeline (ELP) which came down last Tuesday night as a result of a fire incident has been restored and gas supply to power generating companies resumed. The Nigerian National Petroleum Corporation (NNPC) disclosed this Monday that the repair work on the pipeline followed the directive […]

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NNPC Pipeline Fires Cause Nationwide Blackout

Posted: January 6, 2018 at 7:41 am   /   Gencos, Government, TCN

Power supply in Nigeria was like on autopilot from September 2017, most major cities and even rural areas were beginning to feel like centers in advanced countries with records of 24 hours power supply. Suddenly, a day into the new year, during the night around 10pm that roller coaster was rudely terminated by a bush […]

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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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MD of Power Firm Makes Compelling Case for Increase in Electricity Tariff

Posted: July 18, 2017 at 6:15 am   /   Discos, Gencos, Government, NDPHC

The Managing Director of the major power infrastructure company, Niger Delta Power Holding Company (NDPHC), Joseph Chiedu Ugbo says the call for increased electricity tariff is necessary for generating companies (GenCos) and other service providers to meet their business cost and for the stability of the industry. Ugbo made his call in support of the […]

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Electricity Market Operator Urges Stakeholders to End Blame Games

Posted: May 22, 2017 at 2:34 pm   /   Discos, Gencos, Government, Photo

The Electricity Market Operator, Mr. Moshood Saleeman, has called on all stakeholders in the electricity market to stop the blame game and work towards an efficient and sustainable electricity market that is beneficial to all stakeholders. He spoke in the interactive forum with the theme ‘‘Liquidity and Infrastructure Challenges in NEM: Beyond the Blame Game’’, […]

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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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Stakeholders Identify Challenges to Improving power supply in Nigeria

Posted: August 29, 2016 at 10:21 pm   /   Discos, Gencos, Government, Ministry of Power

Major government representatives, power investors and other stakeholders in the power sector recently gathered in Lagos to put heads together on how to improve the state of power supply in Nigeria. The gathering was addressed by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Minister of Power, Works and Housing, Babatunde Fashola and […]

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