Energy Business Digest
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 […]
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 […]
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 […]
President Buhari Reappoints Dr Amobi, Constitutes NBET Board
Ikeja Electric Gets new CEO, Signs Supply Agreement with Estate
TCN restores bulk power supply to areas in Ibadan DisCo after fire incident
Clement on TCN Commissions 2 Power Transformers in 2 States in One Day
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