Electricity

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FG to release second tranche N701bn Power Assurance Guarantee

ACTING President, Prof. Yemi Osinbajo on Tuesday stated that government will soon release a second tranche of the N701 billion for Power Assurance Guarantee approved by the Federal Executive Council in March this year for the Bulk Electricity Trading NBET, Plc.

DISCOs endorse NERC directive on MD customers

THE Electricity Distribution Companies, DISCOs, have agreed to comply with the notice issued by the Nigerian Electricity Regulatory Commission, NERC, on the metering of Maximum Demand (MD) customers.

Government’s intervention in the Power sector

Power had remained a pounding Nigerian headache for decades, its inadequacy ensuring chronic economic underperformance nationwide, not to mention the distress it caused most of the citizens. You couldn’t fix Nigeria without fixing power.

Resolving the power sector conundrum

Electricity supply is considered the most critical impediment to the achievement of the Vision 20:2020 target of double digit growth and reduction of poverty to the barest minimum.

Carmaker seeks concessionary electricity tariff to revive Nigeria manufacturing sector

By Olalekan Bilesanmi NIGERIA car producer, Chief Innocent Chukwuma has called for concessionary electricity tariffs for local manufacturers, describing the stagnation posed by prohibitive cost of power to manufacturing as “big threat to national development.” Chukwuma, Chairman, Innoson Group, makers of Innoson Vehicles who lamented this while sharing his experience with newsmen recently said the […]

Electricity generation averages 3,687mw in Q1’17—NBS

The power generation statistics for first quarter 2017, (Q1’17) shows that a total average of 3,687 megawatts, mw, of energy was generated by power stations as Afam VI Power Plant contributed about 12.64 percent of the total, the highest generation among the twenty-three (23) power plants within the period under review.

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