Government
image

AfDB Sets to Develop Africa- Adesina

Posted: April 29, 2017 at 4:51 pm   /   Government

It has been a chest beating moments for the President, African Development Bank (AfDB), Dr Akinwunmi Adesina, as he reeled out plans and achievements of the bank under his watch for the last 19 month he has been in office. According to him,“Our vision for Africa at the bank is encapsulated in the High 5s: […]

read more
Logo of MoPower

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 […]

read more
Logo of MoPower

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 […]

read more
image

NAPTIN Partners Tech Firm to Promote Renewable Energy

Posted: March 9, 2017 at 9:47 pm   /   Government, NAPTIN

In spite of the recession in the country, the management of the National Power Training Institute of Nigeria, NAPTIN, is not relenting in providing the critically needed manpower for the expansion of the power sector. The agency has just announced a new partnership with a local technology firm, Tido Tech International for the setting up […]

read more
Logo of MoPower

Fashola Calls for Realistic Expectations from Power Customers

Posted: March 6, 2017 at 6:07 pm   /   Discos, Gen. Biz, Government

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has called on electricity customers in the country to be patient with government and the operators in the power sector. According to him the raft of recent decisions, such as the inauguration of commissioners for the Nigerian Electricity Regulatory Commission (NERC) and the approval of […]

read more
Logo of MoPower

FG Appoints an Interim Managing Director/CEO for TCN, In-House Unions Kick

Posted: March 1, 2017 at 7:34 pm   /   Government, TCN

Who said government wasn’t powerful? Go and ask the two unions in the Transmission Company of Nigeria, TCN. The Federal Government had appointed an interim Managing Director for the only standing power company it now owns, but the two in-house unions would not have. The unions rallied and protested even to the National Assembly, but […]

read more
NDPHC LOGO

NDPHC to Provide Solar Power to 20,000 Rural Homes & 1,073 Boreholes

Posted: February 12, 2017 at 5:49 pm   /   Government, NDPHC

The Niger Delta Power Holding Company (NDPHC) has commenced providing Solar power solutions for 20,000 homes in several rural communities in the Northern part of the country. The project is also to provide solar power for 1,073 boreholes across same communities. At the launch of SHS Project in Wuna, Abuja, where the first phase of […]

read more
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 […]

read more
image

Senate Accuses BPE of Contributing to the Problems in the Power Sector

Posted: February 10, 2017 at 6:57 pm   /   Government

The Senate President, Dr Bukola Saraki has accused Bureau of Public Enterprises (BPE) of contributing to the lingering power supply challenges in Nigeria. Senetor Bukola Saraki, while delivery a speech at a stakeholder/workshop on the Nigerian power sector the National Assembly said that part of the sale proceeds of about $4 billion (N2 trillion), which […]

read more
NERC LOGO IMAGE

No Steady Power Unless Tariff Rises – NERC

Posted: January 29, 2017 at 6:19 pm   /   Discos, Government, NERC, Regulation

“No Way to Tariff Increase” says Senate Committee The Nigerian Electricity Regulatory Commission has declared that without an increase in electricity tariff payable by consumers or an intervention in form of subsidy from the Federal Government to the power firms, the country would not be able to enjoy steady power supply. However, the above declaration […]

read more