Energy Business Digest5:35 pm Q1 2020 Power Supply Performance: More Power from GenCos, less Revenue Returns from DisCos
6:41 am FEC Approves N8.64bn to Fund 1st Phase Siemens Power Deal
2:39 pm Abandoned Power Projects in Nigeria to be Completed – Minister of Power
8:08 am Senate Power Committee Commends TCN on Power Projects to Boost Bulk Power into Abuja
11:31 am President Buhari Reappoints Dr Amobi, Constitutes NBET Board
Q1 2020 Power Supply Performance: More Power from GenCos, less Revenue Returns from DisCos
FEC Approves N8.64bn to Fund 1st Phase Siemens Power Deal
Abandoned Power Projects in Nigeria to be Completed – Minister of Power
Senate Power Committee Commends TCN on Power Projects to Boost Bulk Power into Abuja
Q1 2020 Power Supply Performance: More Power from GenCos, less Revenue Returns from DisCos
The nation is experiencing inverse performances in the power supply sector according to the data published by the Nigerian Bulk Electricity Trader, NBET, on its website. While the power generating companies, GenCos, are producing more power and TCN is wheeling all these to the distribution companies, DisCos, the DisCos are returning less and less into […]
FEC Approves N8.64bn to Fund 1st Phase Siemens Power Deal
The Federal Executive Council (FEC) has ratified President Muhammadu Buhari’s anticipatory approval for the release of N8,648,081,465 to fund phase one of the Nigeria-Germany electricity deal. The fund, which is an offshore loan facility of €15.21 million, an equivalent of N6,940,081,465.20, and N1.708 billion onshore fund, is the counterpart funding of the first phase of […]
Abandoned Power Projects in Nigeria to be Completed – Minister of Power
The Minister of Power, Mr Sale Mamman has pledged to complete and commission several abandoned power transmission projects located in various parts of the country. The Minister said completing and commissioning the power projects was among the priority assignments he was given by President Buhari when he assumed duty in August 2019 and declared that […]
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!
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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.
Q1 2020 Power Supply Performance: More Power from GenCos, less Revenue Returns from DisCos
The nation is experiencing inverse performances in the power supply sector according to the data published by the Nigerian Bulk Electricity Trader, NBET, on its website. While the power generating companies, GenCos, are producing more power and TCN is wheeling all these to the distribution companies, DisCos, the DisCos are returning less and less into […]
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 […]
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 […]
Abandoned Power Projects in Nigeria to be Completed – Minister of Power
The Minister of Power, Mr Sale Mamman has pledged to complete and commission several abandoned power transmission projects located in various parts of the country. The Minister said completing and commissioning the power projects was among the priority assignments he was given by President Buhari when he assumed duty in August 2019 and declared that […]
Senate Power Committee Commends TCN on Power Projects to Boost Bulk Power into Abuja
The Senate Committee on Power led by the Chairman, Senator Gabriel Suswan has commended TCN for the level of work on the on-going power projects in spite of the pandemic. Senator Suswanspoke during the tour of sites of several on-going power projects of TCN to boost bulk power delivery into Abuja and environs. According to […]
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 […]
FEC Approves N8.64bn to Fund 1st Phase Siemens Power Deal
The Federal Executive Council (FEC) has ratified President Muhammadu Buhari’s anticipatory approval for the release of N8,648,081,465 to fund phase one of the Nigeria-Germany electricity deal. The fund, which is an offshore loan facility of €15.21 million, an equivalent of N6,940,081,465.20, and N1.708 billion onshore fund, is the counterpart funding of the first phase of […]
Abandoned Power Projects in Nigeria to be Completed – Minister of Power
The Minister of Power, Mr Sale Mamman has pledged to complete and commission several abandoned power transmission projects located in various parts of the country. The Minister said completing and commissioning the power projects was among the priority assignments he was given by President Buhari when he assumed duty in August 2019 and declared that […]
Senate Power Committee Commends TCN on Power Projects to Boost Bulk Power into Abuja
The Senate Committee on Power led by the Chairman, Senator Gabriel Suswan has commended TCN for the level of work on the on-going power projects in spite of the pandemic. Senator Suswanspoke during the tour of sites of several on-going power projects of TCN to boost bulk power delivery into Abuja and environs. According to […]
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 […]