Energy Business Digest
Power Transmission Attains a New Peak of 4662MW
It is indeed a good season for Nigerians as the Management of Transmission Company of Nigeria, TCN, seems to be reporting record breaking generation and transmission peaks in the National Grid. It just set a new peak of 4662MW. In a press release by the TCN Management, signed by the General Manager, Public Affairs, Seun […]
NERC to Revoke Electricity Generation Licences in 30 days, Reports 277 Industry Deaths
Following the completion of an audit exercise of its licensees, the Nigerian Electricity Regulatory Commission (NERC) on Tuesday asked some power generation companies to provide justification why their licences should not be cancelled within the next 30 days. The notice for cancellation of licensees posted on the Commission’s website on Tuesday July 28, 2015 was […]
Stop Exploiting Electricity Consumers, Reps Tell DISCOs
The electricity distribution companies, DISCOs, in the country got a call from the nation’s House of Representatives to stop any exploitative tendency against the electricity consumers. The call was part of the House resolution on Tuesday after a motion by Philip Shaibu, (Edo/APC) on the urgent need for the National Electricity Regulatory Commission (NERC) to […]
Power Africa initiative on course, says Barack Obama
US President Barack Obama defended his “Power Africa” initiative against claims that the $7 billion plan has failed to achieve its goal of doubling access to electricity in Africa. “We are well on our way,” Obama said as he met five vendors in Nairobi using solar technology to further the project’s goal of creating 30,000 […]
CBN to Resolve N27bn Debt to NIPP
The Niger Delta Power Holding Company of Nigeria, NDPHC, managers of the National Integrated Power Projects, NIPP, owed N57bn for electricity produced and supplied into the national grid are on the way to get paid the portion of the debt incurred post privatization of the national power assets in November 2013, which stands at N27bn. […]
Court Strikes out NERC’s Request to Increase Tariff
Electricity customers would continue to enjoy current tariff rates as a Federal Court has refused NERC’s request for the court to vacate its restraining order not to effect the tariff increase. Justice Mohammed Idris of the Federal High Court in Lagos struck out the preliminary objection file in by the Nigerian Electricity Regulatory Commission (NERC) […]
BOI Supports Clean Energy, Targets 100,000 Homes for Solar Scheme
The Nigerian entrepreneurship development bank, the Bank of Industry (BoI) has expressed commitment to promoting alternative energy solutions to electricity problems in the country with the provision of solar energy to a target of 100,000 homes across the country in its pilot program. To achieve the objective of the solar for homes scheme initiated in […]
Power Transmission Attains Another Peak, 4656MW
Transmission Company of Nigeria, TCN, the Nigerian public utility that transmits high voltage power in country seems to be firing from all cylinders as it has in two days broken its own record with a new peak transmission of power. The TCN management stated that the National Grid Transmission recorded another peak of 4656MW , […]
FG Extends MHI’s Management Contract for TCN
The Federal Government of Nigeria has signed a one-year extension of its current Management Contract for the Transmission Company of Nigeria (TCN) with Manitoba Hydro International (MHI) Ltd. of Canada. The extension follows a three-year Management Contract signed in 2012 to manage TCN’s electrical power transmission, system operation and market operation undertakings, as well as train […]
Power Transmission Attains Highest Peak of 4545MW
Things are really looking good with the Transmission Company of Nigeria, TCN, as its management has proudly announced that the nation has achieved a new electricity transmission peak of 4545MW through its national network. In a press release by TCN Management, signed by the General Manager, Public Affairs, Seun Olagunju, the feat was achieved at […]
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