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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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Interim MD/CEO, TCN, Mr Usman Mohammed addressing workshop participants

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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Minister of Power, Works & Housing

New Problems for the Power Investors

Posted: August 18, 2016 at 10:53 pm   /   Discos, Gen. Biz, Gencos, Government, Ministry of Power

The investors in the power sector have started complaining about the huge loan burden they now have to factor into their operations following the new realities of foreign exchange regime. Several banks such as First Bank of Nigeria Holdings Plc; Zenith Bank Plc; United Bank for Africa Plc (UBA); Guaranty Trust Bank Plc (GTBank); Access […]

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Power Transmission not Affected by Current Labour Crisis

Posted: April 21, 2016 at 9:57 pm   /   Discos, Gen. Biz, Gencos, Government, Ministry of Power, NERC, TCN

The management of The Transmission Company of Nigeria (TCN) has clarified that it is not involved in the on going labour crisis currently rocking some Electricity Distribution Companies in the country as has been insinuated by some media publications. Some publications have even predicted a looming nationwide blackout due to the ongoing labour lockdown of […]

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System Operation Explains Recent Power System Collapse

Posted: April 2, 2016 at 11:00 pm   /   Gen. Biz, Gencos, Government, Ministry of Power, TCN

The Management of System Operation/Market Operation (SO/MO) of the Transmission Company of Nigeria (TCN) informs that at 12:35Hrs on Thursday, March 31, 2016, the Nigerian electric power grid experienced a total system collapse. It was caused by the tripping of Osogbo/Ihovbor and Ihovbor/Benin 330kV transmission lines, which resulted in loss of 201MW generation from Ihovbor […]

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