Energy Business Digest
President Buhari Reappoints Dr Amobi, Constitutes NBET Board
Ikeja Electric Gets new CEO, Signs Supply Agreement with Estate
TCN restores bulk power supply to areas in Ibadan DisCo after fire incident
Stop asking customers to pay for network infrastructure – NERC
President Buhari Reappoints Dr Amobi, Constitutes NBET Board
Dr. Marilyn Amobi has been reappointed the Managing Director, Nigeria Bulk Electricity Trading Company Plc. (NBET) for another four years by President Muhammadu Buhari. The reappointment was communicated in a release, Thursday, by the Honourable Minister of Finance, Budget & National Planning, Zainab Usman and signed by her Special Adviser, Media and Communications, Yunusa Tanko […]
TCN restores bulk power supply to areas in Ibadan DisCo after fire incident
The Transmission Company of Nigeria, TCN, has reported that it has restored bulk power supply to Ibadan DisCo distribution lines that were out due to fire incident on Wednesday at TCN substation in Ayede, Akinyemi along Ring Road in Ibadan, Oyo State. According to the release published on TCN twitter handle and signed by the […]
Stop asking customers to pay for network infrastructure – NERC
The electricity sector regulator, NERC, has news for the electricity distribution companies; they should stop asking customers to pay for replacement and installation of network infrastructure such as faulty transformers, substation materials or lines, etc. According to a release published on the website of the industry regulator, the only scenario where the customer is to […]
Un-masking Critical Developments in the Power Sector
By Clem Ezeolisah A lot of critical infrastructure development is taking place in the Power Sector and the outcomes are manifesting in more quality service delivery by all segments of the power industry. However, there seems to be a serious disconnect; these developments in power infrastructure and the output in improved service delivery are either […]
Power Africa Initiative: Details and Benefits for Africa, Investors and the People
During his June 2013 four- nation tour of Africa, the U.S. President Barack Obama inaugurated the Power Africa Initiative. The major objective of the initiative is to set up actions and partnerships that would culminate in the up-scaling of power generation in sub Saharan Africa by as much as 10,000MW and increasing the number of […]
2-Day TCN Workshop on SCADA
TCN is hosting a 2-day international workshop on how to deploy State-of-the-art SCADA system for the National Grid on 26 and 27 June in the Federal Capital City, Abuja. The Workshop to be declared open by the Honorable Minister of Power, Works and Housing, Mr Babatunde Fashola will feature experts from all over the world. […]
TCN Outage Announcement for Abuja Residents
The Management of TCN, Abuja Region has announced that two power transformers at the Apo Transmission Substaion, Apo, Abuja that wheels power to most distribution load centers in the Federal Capital City would be out on annual maintenance on Sunday, 22nd April from 9am to 3pm. The Power utility company believes that the maintenance is […]
Don’t Miss the Smile!
A Day Without Smile is a Day Lost! So Go Smiling and Make the Day Beautiful for Someone!
Giving Back
“If you are successful it is because somewhere, sometime, someone gave you a life or an idea that started you in the right direction. Remember, also, that you are indebted to life until you help some less fortunate person, just as you were helped.”—-Melinda Gates.
Ikeja Electric Gets new CEO, Signs Supply Agreement with Estate
The baton has changed hands at Ikeja Electric Plc, Nigeria’s largest Electricity Distribution Company with the appointment of Mrs. Folake Soetan as its Acting Chief Executive Officer. She took over the saddle on Monday, 2nd March, 2020. She takes over from Dr. Anthony Youdeowei who had led the company as CEO for the last four […]
TCN restores bulk power supply to areas in Ibadan DisCo after fire incident
The Transmission Company of Nigeria, TCN, has reported that it has restored bulk power supply to Ibadan DisCo distribution lines that were out due to fire incident on Wednesday at TCN substation in Ayede, Akinyemi along Ring Road in Ibadan, Oyo State. According to the release published on TCN twitter handle and signed by the […]
NERC Directs System Operator to Prioritize Dispatching all Hydro Power Stations to check flooding
The Nigerian Electricity Regulatory Commission, NERC, has directed the System Operator to prioritize the dispatching of power generated by the three hydro power stations in Nigeria in order to manage effectively the water inflow into the dams. The order is also meant to check the result of flooding that might occur if there is an […]
Nigerian Sovereign fund, Shiroro Power plant on N8.5 billion deal to boost power generation
A subsidiary of the Nigeria Sovereign Investment Authority (NSIA), InfraCredit, has opened a N8.5 billion 600MW Shiroro Hydro Electric Infrastructure Green Bond to boost the plant’s power generation. Launched in partnership with GuarantCo, KfW Development Bank and Africa Finance Corporation, the deal is to provide the North South Power Company Limited’s (NSP) with N8.5 billion […]
TCN restores bulk power supply to areas in Ibadan DisCo after fire incident
The Transmission Company of Nigeria, TCN, has reported that it has restored bulk power supply to Ibadan DisCo distribution lines that were out due to fire incident on Wednesday at TCN substation in Ayede, Akinyemi along Ring Road in Ibadan, Oyo State. According to the release published on TCN twitter handle and signed by the […]
Ghana, Siemens sign €250m Power Grid Improvement Deal
While some Nigerian Power Sector operators and experts have issues with the recent Nigerian Government agreements with Germany for Siemens to reposition the nation’s power infrastructure, the Government of Ghana has wholeheartedly signed a similar mega deal with the company. Siemens has just signed a memorandum of understanding with the Republic of Ghana to upgrade […]
Power Sector Investors Demand Settlement of N50bn Debt to Reflate the Sector
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 […]
President Jonathan Commisssions Ayobo-Lagos New Transmission Substation
President Goodluck Jonathan, who has recently been on auto-pilot with inauguration of several critical projects, has declared that his administration has done more than any other administration in revitalising the power industry in Nigeria. The President made the declaration while officially commissioning the newly constructed Ayobo 2 x 60MVA, 132/33KV transmission substation in Ikeja West […]
Ikeja Electric Gets new CEO, Signs Supply Agreement with Estate
The baton has changed hands at Ikeja Electric Plc, Nigeria’s largest Electricity Distribution Company with the appointment of Mrs. Folake Soetan as its Acting Chief Executive Officer. She took over the saddle on Monday, 2nd March, 2020. She takes over from Dr. Anthony Youdeowei who had led the company as CEO for the last four […]
Ghana, Siemens sign €250m Power Grid Improvement Deal
While some Nigerian Power Sector operators and experts have issues with the recent Nigerian Government agreements with Germany for Siemens to reposition the nation’s power infrastructure, the Government of Ghana has wholeheartedly signed a similar mega deal with the company. Siemens has just signed a memorandum of understanding with the Republic of Ghana to upgrade […]
Federal Government Commends WAPP Development Partners, Calls for more Support to Realize Regional Power Trade
By Innocent Okoye The Honourable Minister of Power, Engr Sale Mamman has declared the 34th Technical and Financial Partners Meeting open in Abuja. The Technical and Financial Meeting is a major part of the 14th session of West African Power Pool meeting currently holding in Abuja. Mr Goddy Jedy Agba, Honourable Minister of State, Power […]
We are prepared to work with DisCos to improve power supply delivery- MD, TCN
BY: Innocent Okoye The management of Transmission Company of Nigeria, TCN, has offered to work in tandem with the managements of all the Distribution Companies, DisCos, to ensure superior power service delivery to the people of Nigeria and beyond. The problem however is that the managements of the DisCos are not prepared to work with […]
WAPP to Synchronize 3 Island Networks in West Africa into One
BY: Innocent Okoye The West African Power Pool (WAPP) has commenced work to synchronize the three island networks among 14 West African member states into a single reliable and efficient network. The Managing Director/CEO of TCN and the Chairman, Board of Director of WAPP, Mr. Usman Gur Mohammed disclosed the benefits of a synchronized network […]
Electricity Market Operator Suspends Defaulting DisCos for Low Security Covers
The Nigerian Electricity Market is getting more interesting by the day and the Electricity Distribution Companies, DisCos, are the ones with the burnt end of the stick. The DisCos have severally been accused of causing illiquidity in the Market by their poor monthly returns on their monthly invoices , which hovers between 30 and 35%. […]