Breaking the power sector logjam
THE hope of a revived power sector heralded by the privatisation of power assets is fading fast.
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Tag: Power Sector
Power sector loss rises by 13% in 1week as inadequate gas persists
THE nation’s power sector lost a total of N10.7 billion in the first week of July 2018, showing an increase of 13 per cent compared with N9.3 billion recorded in the last week of June 2018.
Read More Robust policies, collaboration will make power sector more bankable – Adesina
Kola Adesina, Chairman-Egbin Power Plc. has said Nigeria’s Power sector required robust policies and stakeholder collaboration to make the sector more bankable to facilitate fresh investments to drive expansion and growth.
Read More Power sector records N187bn loss in 6 months
THE electricity sector has recorded losses amounting to N187 billion as a result of inadequate gas, poor distribution and transmission as well as water reserves constraints.
Read More SERAP to Fashola: Account for post-privatisation spending on power sector
Socio-Economic Rights and Accountability Project (SERAP) has sent a Freedom of Information request to Babatunde Fashola, SAN, Minister of Power, Works and Housing asking him to use his good offices and leadership position “to urgently provide information on specific details of spending on the privatisation of the electricity sector and the exact amount of post-privatisation spending to date, and to explain if such spending came from budgetary allocations or other sources.”
Read More Power sector records 230 systems breakdown in 8 years
DESPITE the fact that the nation’s natural gas reserves rose by 4.067 trillion cubic feet (tcf) from 187.998tcf in 2014 to 192.065tcf in 2015, the power sector continues to suffer various setbacks as it recorded 230 systems breakdown or collapses in eight years.
Read More Nigeria gets $486m W/Bank credit for power sector
World Bank has approved a 486 million dollars credit facility to Nigeria for electricity grid improvements, the lender said on Friday.
Read More We need good hands to develop Nigeria’s power sector — Lagos Perm. Sec
The Lagos State Permanent Secretary of Education, Adebunmi Adekanye, has reiterated the need for competent hands to develop the country’s power sector. This came as the management of Ikeja Electric called for more sensitization of the risks and hazards in the electricity sector so as to guide consumers to embrace tenets of safety.
Read More Despite attracting $3.5bn, power sector bemoans viability
NIGERIANs’ hope of having stable power supply in short or medium term may be a mirage going by the insidious challenges in the sector which have not yet been tackled head on.
Read More 9 firms vie for power sector monitoring consultancy
Nine firms have commenced the race for the power sector monitoring consultancy services, a step the Federal Government said would bring about ensuring industry operators play according to agreed terms of the privatisation exercise.
Read More Chibek makes case for cost reflective tariff in power sector
Chibek Instruments Limited has made a case for the introduction of cost reflective tariff, adding that it will assist to tackle liquidity challenge in Nigeria’s power sector.
Read More Nigeria has lost N11trn to power sector corruption – Don
Nigeria has lost a whooping N11 trillion to corruption in the power sector since 1999, a university lecturer, Dr Yemi Oke, said on Wednesday in Lagos.
Read More Power sector lost N7.73bn in one week
THE Nigeria power sector lost N7. 73 billion in seven days between Tuesday, July 18 and Monday, July 24, 2017, due to gas and water constraints, as power supply leapt to 3, 221 Megawatts per hour (MWh/h).
Read More NGA seeks cost reflective tariffs on gas, power sector
THE Nigeria Gas Association, NGA, yesterday indicated its interest in ensuring synergy between the private sector and the Federal Government to drive a cost reflective tariffs and promoting investments in the gas and power sector.
Read More NGA seeks cost reflective tariffs on gas, power sector
THE Nigeria Gas Association, NGA, yesterday indicated its interest in ensuring synergy between the private sector and the Federal Government to drive a cost reflective tariffs and promoting investments in the gas and power sector.
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