Energy Business Digest
NERC 2nd Quarter Report: Total System Collapses Down, Illiquidity Persists, Accidents Up
By Innocent Okoye The Nigerian Electricity Regulatory Commission, NERC, which is charged with the monitoring and regulating the operational and commercial performances of the Nigerian Electricity Supply Industry (NESI) has reported in its 2018 2nd Quarter report stated that the total electricity generated in the second quarter (Q2) of 2018 was 8,350, 174MWH, which is […]
Borno residents protest 24-hour power supply, desire 12hrs supply
Nigeria is indeed a funny country. While some companies like TCN, Federal Government are working hard to provide 24-hour power supply for the people, some are protesting against it. Can you believe that residents of Maiduguri, Borno State capital, have complained of the 24-hour electricity supply provided by Yola Electricity Distribution Company (YEDC). Speaking to […]
House of Reps Requests Urgent Sale of Non Core Power Assets
The House of Representatives has asked the Nigerian Electricity Liability Management Company Limited (NELMCO) to as a matter of urgency complete the sale of non-core power assets to avoid further loss of revenue to the government through theft of scraps and overtime cargoes that have become regular experience. The House, had adopted the report of […]
Senate Finally Confirms Prof James Momoh as NERC Chairman
By Raph Omamogbo The Senate has finally confirmed Professor James Momoh as Chairman of Nigerian Electricity Regulatory Commission (NERC) after a two years vacuum that has existed from December 2015 when the term of the last Board led by Mr Sam Amadi expired. Prof. James Momoh is a Professor of Electrical Engineering for over twenty […]
House of Reps to Criminalize Estimated Billings by DisCos
These are really tough days for electricity distribution companies, DisCos, as they are being hit from several quarters. The generation companies are complaining about the DisCos, so also the Ministry of Power, Works and Housing, the industry regulator, NERC, consumers and now the legislators are coming out with a bill to criminalize estimated billing which […]
TCN Commissions 2 new 60MVA Transformers in Uyo, Kano & Nsukka Substation
The Transmission Company of Nigeria TCN has announced the complete installation and commissioning into service two brand new 60MVA 132/33kV power transformers in its transmission substations in Uyo and Kano and has also energized its Nsukka 30MVA transmission substation completed in 2016 that could not be energized then, due to way leave issues. In 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 […]
AfDB Committed to Supporting Nigeria’s Power Sector Recovery Programme- Adeshina
By Dele Ogbodo The President of the African Development Bank (AfDB), Mr. Akinwumi Adeshina, has reiterated the bank’s commitment to support and assist Nigeria actualize its power sector recovery programme. The federal government and the bank on Friday in Abuja concluded a 2-day meeting on the framework for the country’s power sector recovery programme with […]
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 […]
FG Secures $486m from World Bank for TCN Expansion, Assures on New Meter Program
By Dele Ogbodo The Minister of Power, Works and Housing, Babatunde Fashola SAN, on Monday said the World Bank has approved $486 million for the Transmission Company of Nigeria (TCN), transmission infra-structure expansion. In a statement made available to Energybizdigest online, by the Minister’s Special Adviser on Media, Mr. Hakeem Bello, stated that progress is […]
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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