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Energy

FG to intensify diversification of energy sector ― Minister

I wasn't appointed to give out rice, cooking oil, clothes — Power Minister

The Minister of State for Power, Mr Goddy Agba, says the ministry will continue to support the Federal Government’s policies on diversification of the energy sector. Agba said this on Friday during the inauguration of the 60kwp Solar Hybrid Mini-Grid in Ikangha Mkpansi Community in Ikom Local Government Area in Cross River State. The minister
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Mambilla Power

Transcorp pushes investment in power sector, others

By Prince Okafor Diversified conglomerate, Transnational Corporation of Nigeria Plc, Transcorp, has stepped up its presence in the nation’s power and petroleum sectors. Speaking at the 15th Annual General Meeting (AGM) in Abuja, the shareholders, while commending the company for declaring dividends despite the negative impact of the Covid-19 pandemic, noted the significant advances in
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Electricity

Power sector revenue grows by 40% in three months

By Obas Esiedesa Six months into the Federal Government’s intervention in the revenue process of the power sector, the latest figures have shown that revenue grew by 33.93 percent in the last three months to N184.26 billion as of February, 2021. The Presidential Power Sector Working Group had in September 2020, intervened in the collection
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NERC approves new tariff review applications, Capex for DISCOs

NERC approves N215.68bn for Ikeja, Eko DisCos upgrades

The Nigerian Electricity Regulatory Commission (NERC) has given approval to Ikeja Electric Plc to invest the sum of N121.92 billion for infrastructure upgrade across its network within a period of five years. NERC, which is the regulator of Nigeria’s electricity sector, also approved N93.76 billion for Eko Electricity Distribution Company (EKEDC) to upgrade infrastructure across
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No plans to hike electricity tariff — Minister

Electricity: Consumers, experts, others react as NERC plans new tariff review

By Udeme Akpan & Ediri Ejoh Consumers of electricity, experts, others, Tuesday, reacted as the Nigerian Electricity Regulatory Commission (NERC) plans a new tariff review in the nation. In its notice issued April 26, 2021, NERC had stated: “Accordingly, this notice is issued to inform the general public and industry stakeholders of the Commission’s intention
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