March 2019

TCN procures 3 reactors to improve power supply in 4 states

Posted: March 14, 2019 at 6:17 pm   /   TCN

The Transmission Company of Nigeria, the bulk power transporter in Nigeria, is set to improve power voltage in four states with the procurement of three reactors, which have been deployed to Ikot Ekpene, Jos and Apir Transmission Substations for installation. The reactors are to help correct the voltage problem along the 330kV Ikot Ekpene- Ugwuaji-Makurdi- […]

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TCN calls out DisCos for losing 5 power transformers worth N3.6bn

Posted: March 7, 2019 at 1:09 pm   /   Government, Ministry of Power, NERC, Regulation, TCN

Imagine Transmission Company of Nigeria, TCN, losing five power transformers worth N3.615 billion due to poor protection systems on the networks of the Distribution Companies (DisCos). This actually happened in TCN Transmission Substations in Abuja in Abuja Region, Benin in Benin Region as well as Onitsha in Enugu Region. That was the submission of the […]

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Nigerian Sovereign fund, Shiroro Power plant on N8.5 billion deal to boost power generation

Posted: March 4, 2019 at 9:07 am   /   Gencos, Government, Shiroro

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 […]

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Power Industry Regulator Absolves NBET MD of Alleged 2B Over-Invoicing

Posted: March 3, 2019 at 4:09 pm   /   Government, NBET, NERC, Regulation

The Nigerian Electricity Regulatory Commission, NERC, has fully absolved the MD of the Nigerian Bulk Electricity Trader, NBET, Dr Marilyn Amobi of the alleged 2b over payments to two generating companies made against her by two of her subordinates. The regulatory commission on receipt of the petition set up an investigative panel with heard from […]

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