Gencos

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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Shell Increases Local Gas Production, Set to Boost Power Generation

Posted: March 29, 2016 at 2:24 pm   /   Gen. Biz, Gencos, Government, Ministry of Power, NERC

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture has started to increase Nigeria’s gas production by “some 10 million standard cubic feet of non-associated gas per day (MMscf/d)”. According to reliable sources of the company, it has started producing more gas from Agbada field in the Eastern Niger Delta in support of […]

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FG Apologises to Nigerians for Power Failure

Posted: March 12, 2016 at 5:27 pm   /   Discos, Gen. Biz, Gencos, Government, Ministry of Power

The Federal Government has apologised to Nigerians for the poor power supply delivered to them in the recent past and promised steady improvements going forward. In a statement in Abuja, the Minister of Information and Culture, Alhaji Lai Mohammed, blamed the power situation across the country on gas shortage and vandalism. He also said all […]

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Use Consultancy Services to Conserve Foreign Reserve & Enhance Capacity – Shehuri Tells Universities

Posted: March 9, 2016 at 3:10 pm   /   Gen. Biz, Gencos, Government, Ministry of Power, NBET, NERC

The Minister of State for Power, Works and Housing, Hon. Mustapha Baba Shehuri has advocated for the use of c onsultancy services being offered by Nigerian Universities to build  capacities and, most importantly, conserve the nation’s fast depleting foreign reserve. He stated this at a Memorandum of Understanding (MOU) signing ceremony between the Nigerian Bulk […]

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NERC Reports Improvements in Power Generation, Warns DISCOs Against Arbitrary Billing of Customers

Posted: March 7, 2016 at 10:46 pm   /   Discos, Gen. Biz, Gencos, Government, Ministry of Power, NERC, Regulation, TCN

The electricity industry regulator, NERC, has reported a steady increase in power generation into the National Grid following the completion of repair work on the damaged gas facilities. Accordingly, electricity supply in the national grid is now ramping up as it attains 4, 387 megawatts peak generation as at Friday, March 4, 2016 with a […]

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National Grid Averages 3755MW, Abuja Disco Appeals to Customers

Posted: March 3, 2016 at 4:07 pm   /   Abuja, Discos, Gen. Biz, Gencos, Government, Ministry of Power, TCN

The TCN System Operations informs that power generation experienced a drop to an average of 3755MW last week following scheduled maintenance programme on the gas pipelines supplying gas to the generating stations. According to the release signed by the Asst. General Manager (Public Affairs), SO/MO, Clement Ezeolisah, power generation has started improving and is now […]

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Olorunsogo 1 Power Plant from 18MW to 266MW Power Generation

Posted: October 17, 2015 at 11:30 pm   /   Gen. Biz, Gencos, Omotosho, Uncategorized

The managements of both Ughelli and Egbin Power Generating stations have made public how they have improved their power generation into the national grid from 150MW to 630MW and 680MW to over 1000MW respectively, the current news in circulation is the generation increase coming from Olorunsogo 1 and Omotosho 1 Power Stations. The management of […]

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FG, World Bank Sign $237m Partial Risk Guarantee for Azura 450MW IPP

Posted: August 24, 2015 at 9:43 pm   /   Gencos, Government, Ministry of Power, NBET

The Federal Government has officially signed the papers endorsing the $237 million World Bank Partial Risk Guarantees (PRG) for the construction of the 450 megawatts (MW) Azura-Edo Independent Power Plant (IPP). According to a statement from the Nigerian Bulk Electricity Trading Plc (NBET) on Sunday in Abuja, the federal government has by this act underscored […]

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