Energy Business Digest
FEC Approves N8.64bn to Fund 1st Phase Siemens Power Deal
The Federal Executive Council (FEC) has ratified President Muhammadu Buhari’s anticipatory approval for the release of N8,648,081,465 to fund phase one of the Nigeria-Germany electricity deal. The fund, which is an offshore loan facility of €15.21 million, an equivalent of N6,940,081,465.20, and N1.708 billion onshore fund, is the counterpart funding of the first phase of […]
Abandoned Power Projects in Nigeria to be Completed – Minister of Power
The Minister of Power, Mr Sale Mamman has pledged to complete and commission several abandoned power transmission projects located in various parts of the country. The Minister said completing and commissioning the power projects was among the priority assignments he was given by President Buhari when he assumed duty in August 2019 and declared that […]
Senate Power Committee Commends TCN on Power Projects to Boost Bulk Power into Abuja
The Senate Committee on Power led by the Chairman, Senator Gabriel Suswan has commended TCN for the level of work on the on-going power projects in spite of the pandemic. Senator Suswanspoke during the tour of sites of several on-going power projects of TCN to boost bulk power delivery into Abuja and environs. According to […]
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 […]
TCN restores bulk power supply to areas in Ibadan DisCo after fire incident
The Transmission Company of Nigeria, TCN, has reported that it has restored bulk power supply to Ibadan DisCo distribution lines that were out due to fire incident on Wednesday at TCN substation in Ayede, Akinyemi along Ring Road in Ibadan, Oyo State. According to the release published on TCN twitter handle and signed by the […]
Stop asking customers to pay for network infrastructure – NERC
The electricity sector regulator, NERC, has news for the electricity distribution companies; they should stop asking customers to pay for replacement and installation of network infrastructure such as faulty transformers, substation materials or lines, etc. According to a release published on the website of the industry regulator, the only scenario where the customer is to […]
We are still listening to Stakeholders – El- Rufai
If you were expecting quick fix report from the Federal Government Committee to review the present ownership of power assets in the country, you have to tarry awhile. According to the Chairman of the committee, Mallam El-Rufai, Governor of Kaduna State, they are still listening to stakeholders before they make up their minds as to […]
Ghana, Siemens sign €250m Power Grid Improvement Deal
While some Nigerian Power Sector operators and experts have issues with the recent Nigerian Government agreements with Germany for Siemens to reposition the nation’s power infrastructure, the Government of Ghana has wholeheartedly signed a similar mega deal with the company. Siemens has just signed a memorandum of understanding with the Republic of Ghana to upgrade […]
Speaker Femi Gbajabiamila wades into Electricity Tariff Increase controversy
The Honourable Speaker of the House of Representatives, Mr Femi Gbajabiamila has spoken his mind on the current controversy of electricity tariff increase recently announced by the power industry regulator. For the Speaker, he would want the National Assembly to support the increase in electricity tariffs, making it cost reflective so that it would be […]
President Buhari over-rules Minister of Power, reinstates NBET MD
The Power Sector has of recent become the theatre of chess games! The latest move is that of President Buhari reversing the moves of the Minister of Power, Engr Sale Mamman. The Minister of Power had in the wee hours of December 2019 technically “sacked” the Managing Director of the Nigerian Bulk Electricity Trader, NBET […]
President Buhari Finally Appoints Board Members for TCN
Minister asks Ibadan DisCo & TCN to collaborate to improve power supply to customers
President Buhari Re-appoints Chiedu Ugbo, MD & Executive Directors of NDPHC for Another 4 Years
Clement on TCN Commissions 2 Power Transformers in 2 States in One Day
May 16, 2018 at 2:33 pmporntube on Nigeria Deserves a Well Established Electricity Market – Igali
February 28, 2018 at 9:44 pmCustomerdevoted.com on Fashola: Why Nigeria Lags Behind S/Africa in Energy Generation, Usage
February 7, 2018 at 6:37 pm