Energy Business Digest
NERC Directs System Operator to Prioritize Dispatching all Hydro Power Stations to check flooding
The Nigerian Electricity Regulatory Commission, NERC, has directed the System Operator to prioritize the dispatching of power generated by the three hydro power stations in Nigeria in order to manage effectively the water inflow into the dams. The order is also meant to check the result of flooding that might occur if there is an […]
Nigerian Sovereign fund, Shiroro Power plant on N8.5 billion deal to boost power generation
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 […]
Delta State Joins Power Producing States, to Construct 400 MW Power Plant
Delta State Governor, Senator Ifeanyi Okowa has promised Delta people the delivery of dividends of democracy as he performed the ground-breaking ceremony for a 400MW combined cycle power plant, which would boost investor confidence in the state.. The Governor who performed the ground-breaking ceremony at Ekrokpe/Ekrejegbe, Ughelli South local government area said, “we are glad […]
Azura Thermal Power Plant Runs Full Blast to Produce 450MWA into the Grid
There is some excitement in the Power house of Azura family as their latest baby in Edo State ran all their three turbines to produce the first phase maximum power of 450 MW on Friday, 13April, 2018. And they took to twitter to share the excitement. The Azura Management has commended all who had a […]
More Problems in the Power Sector as Govt & GenCos Exchange words over Shutdown and Debts
The fragile Power Sector in Nigeria is set to experience another set of shocks as the Federal Government represented by the Minister of Power, Works and Housing calls out power generating companies, GenCos, for planning to shutdown power plants in a bid to drive home a baseless point. In response, the Association of power generating […]
Power Generating Companies have no Basis Going to Court- Fashola
The Minister of Power, Works and Housing has said that the power generating companies have no basis taking the Federal Government to court over payments to Azura Thermal Power Station. He however affirmed that that is their right and their prerogative, stressing that it is better than self-help, as it is consistent with the rule […]
Flood: Shiroro Power Plant Shut Down
One of the nation’s three hydropower plants, Shiroro Power Station located in Niger State, has been shut down as a result of flood challenge. Shiroro Power Plant, which is capable of generating 428 megawatts, was shut down “due to turbine pit flood problem.” Data obtained from the Federal Ministry of Power, Works and Housing showed […]
23 Power Generation Companies Receive NI53b from NBET in 7 months
Power generating companies in the country have heaved a sigh relief through the payment of N153billion by the Nigerian Bulk Electricity Trader, NBET for power generation into the National Grid. Recall that the power generating companies were, not too long ago, crying to the high heavens that their business was collapsing with NBET only able […]
NNPC Restores Escravos-Lagos Pipeline, Resumes Gas Supply to Power Plants
The cheering news in the country is that the Escravos-Lagos Pipeline (ELP) which came down last Tuesday night as a result of a fire incident has been restored and gas supply to power generating companies resumed. The Nigerian National Petroleum Corporation (NNPC) disclosed this Monday that the repair work on the pipeline followed the directive […]
NNPC Pipeline Fires Cause Nationwide Blackout
Power supply in Nigeria was like on autopilot from September 2017, most major cities and even rural areas were beginning to feel like centers in advanced countries with records of 24 hours power supply. Suddenly, a day into the new year, during the night around 10pm that roller coaster was rudely terminated by a bush […]
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
Abandoned Power Projects in Nigeria to be Completed – Minister of Power
Clement on TCN Commissions 2 Power Transformers in 2 States in One Day
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