Ministry of Power
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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Minister of Power, Works & Housing

New Faces in the Power Sector

Posted: July 31, 2016 at 4:18 pm   /   Government, Ministry of Power

The Nigerian Power Sector is going through changes as new faces are coming on board from several companies in the sector. Two months ago, a new helmsman was appointed for the Niger Delta Power Holding Company; two weeks ago, it was the turn of the Nigerian Bulk Electricity Trader. Last week, a new face was […]

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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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