Minister lists factors limiting power sector growth in Nigeria
By Obas Esiedesa, Abuja The Minister of Power, Chief Adebayo Adelabu, Wednesday, pointed at the refusal of electricity consumers to pay their bills and energy theft as some of the factors limiting the growth of the power sector in the country. The Minister who spoke in Abuja when he received members of the Civil-Military Cooperation […]
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 […]
Reps probe N3.4bn failed power projects in 6 zones
The House of Representatives, on Thursday, approved a four-week probe of the alleged failure of a 3. 4billion naira Powered Grid Projects in six geo-political zones of the country.
Electricity Consumers praise CBN for N120bn power intervention
By Obas Esiedesa As a part effort to support and grow revenue of the power sector, the Central Bank of Nigeria, CBN, last week disclosed that it has disbursed about N3.6 billion for procurement of pre-paid meters to stabilise the billing system in electricity consumption in Nigeria as part of its N120.2 billion investments in […]
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 […]
Power generation falls further by 27% to 3,567MW
By Obas Esiedesa Nigeria’s power generation, Monday, dropped by 27 per cent to 3,567.30 megawatts, MW, as at 06hours compared to the 4,557.50MW peak generation at 22hours the previous day. Latest data obtained by Energy Vanguard from the Independent System Operator, ISO, showed that the peak generation on Sunday was also less than the 4,700MW […]
