Energy Business Digest
Energy Theft: EKEDC to Reward Whistle Blowers, Jail Energy Thieves
The FG said it would pay whistle blowers anything between 3and 5% if their leads lead to actual loot recovery. For Eko Electricity Distribution Company Plc (EKEDC), whistle blowers would get 20% of the total money recovered from such energy theft. Speaking at a stakeholders’ forum in Festac Town in Lagos, Chief Operating Officer of […]
N701bn Power Intervention Funds Too Small to Resolve Power Problems
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 […]
NAPTIN Partners Tech Firm to Promote Renewable Energy
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 […]
TCN Inaugurates New Power Equipment to Improve Power Supply in Lagos and Ogun States
The management of Transmission Company of Nigeria, TCN, has announced that power supply in Lagos and Ogun States is set to improve with the inauguration of several power equipment at the 330kV Transmission Substation in Ayobo, Lagos State. According to a release on the company’s website and signed by the General Manager Public Affairs, Seun […]
Fashola Calls for Realistic Expectations from Power Customers
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 […]
FG Appoints an Interim Managing Director/CEO for TCN, In-House Unions Kick
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 […]
Civil Society Calls for Transparency in the Electricity Market
It is really interesting to observe that suggestions to resolve the power problems in Nigeria are coming from divergent quarters. The latest is coming from a civil society organisation, Centre for Social Justice (CSJ) managed by the social activist, Mr Eze Onyechere. According to the director of the civil society in a 21-page sectoral review […]
Nigeria Attains New 5,377MW Electricity Generation Peak – TCN
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
Clement on TCN Commissions 2 Power Transformers in 2 States in One Day
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