Energy Business Digest
Nigeria Attains New 5,377MW Electricity Generation Peak – TCN
The Transmission Company of Nigeria, TCN, has reported that the National Grid has made history even during the Covid 19 pandemic. According to TCN Twitter handle, the Grid achieved a new all-time peak generation of 5,377.8MW on Saturday, 1st August, 2020 at 21.30hrs. TCN further stated that all the generated power was wheeled successfully to […]
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 […]
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 […]
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 […]
Kano State Donates Land for Dangote’s $150m Power Project
The Kano State government has donated 150 hectares of land to Dangote Group for the development of its $150 million Black Rhino solar power plant in Zakirai, Gabasawa Local Government Area of the state. It is estimated that the power plant will provide 100 megawatts of solar power by 2020. The Managing Director, Stakeholders Management, […]
Power Sector Attains New Peak of 5,222.3MW
TCN Clears Stranded Equipment Containers at the Ports The Nigerian Power industry has achieved another national peak of 5,222.3MW of electricity effectively transmitted to all the Distribution Load centers in the national grid on December 18, 2017 at 9pm. In a statement signed by the GM Public Affairs Ndidi Mbah, TCN said that this milestone […]
No Plans to Revoke Power Sector Privatization- Fashola
The new owners of power sector assets can be rest assured as the Federal Government has ruled out the possibility of revoking licences given to them to run the country’s power sector. The Minister of Power, Works and Housing, Babatunde Fashola, cleared the air at the Policy Dialogue on the Power Sector, organised by the […]
3rd National Power Council Meets to Discuss Sector Challenges
The 3rd National Council on Power (NACOP) kicked-off in Jos, Plateau State capital, 18th September with the theme “Completing Power Sector Reforms”. The Council whose opening session is being chaired by the Permanent Secretary, Power, Louis Edozien, is to examine the challenges of the moment and take decisions to overcome them to ensure the sector […]
Big Companies can now buy Power Directly from Gencos- Fashola
Things would start looking up for electricity consumers in Nigeria as the Minister of Power, Works and Housing, Mr Babatunde Fashola has eventually declared the commencement of the much dreaded Eligibility Customer operation in the power sector. Eligibility customer operation is a scheme envisaged by the Power Sector Reform Act, 2005, where in some categories […]
FG Revives Sale of 10 NIPP plants in New Economic Plan
It is indeed good news for proponents of public sector privatization as the Federal Government has announced that it would conclude the sale of 10 brand new electricity generation plants built under the National Integrated Power Projects (NIPPs) by the Niger Delta Power Holding Company Limited (NDPHC) in line with its recently launched Economic Recovery […]
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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