Ministry of Power
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NDPHC Cancels Rockson Engineering’s Transmission Project Contract

Posted: June 18, 2017 at 6:40 am   /   Government, Ministry of Power, NDPHC, TCN

A new positive business orientation seems to be taking roots in the power sector as NDPHC has bared its fangs by descending on one of its major EPC contractors, Rockson Engineering for failing to deliver critical transmission project on schedule. The Niger Delta Power Holding Company (NDPHC) Limited has stripped Rockson Engineering of the contract […]

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NERC to Disband Boards of Discos over Poor Performance

Posted: June 17, 2017 at 7:22 am   /   Discos, Government, Ministry of Power, NERC, Regulation

There seems to be more troubles for the electricity distribution companies as the power industry regulator, Nigerian Electricity Regulatory Commission (NERC), has threatened to the sack of the management boards of the 11 electricity distribution companies (Discos) in the country over poor performance. NERC’s Commissioner for Engineering Performance and Monitoring, Prof. Frank Okafor disclosed this […]

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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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Olorunsogo Power Plant

Power Sector Investors Demand Settlement of N50bn Debt to Reflate the Sector

Posted: February 10, 2017 at 7:14 pm   /   Government, Investors, Ministry of Power

Investors in the nation’s power sector have once again painted a gloomy picture of the power sector as they called for the settlement of N50 billion owed them and the introduction of a realistic tariff structure, reflective of the current rate of inflation and foreign exchange rate. The Chairman of Transcorp Power Ltd, Mr. Tony […]

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FG Reiterates Commitment to Bridging Power Shortfall in 2017

Posted: January 21, 2017 at 6:12 pm   /   Government, Ministry of Power, Photo

In a renewed effort to re – energize its commitment to providing incremental, stable and uninterrupted power supply to Nigerians, the Minister of Power, Works and Housing, Babatunde Raji Fashola has reassured Nigerians of better power supply in 2017. The Minister Gave the assurance recently in Abuja during the monthly Power Sector Dialogue Series with […]

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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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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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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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