Breaking News
Translate
FG spends over N50bn monthly on electricity — Minister

Power sector deficit hits N396.86bn in 9 months

By Ediri Ejoh The liquidity situation in Nigeria’s power sector has worsened, as the indebtedness of the distribution companies, DisCos, to Nigerian Bulk Electricity Trading, NBET, Plc., has increased to N396.86 billion, indicating an increase of seven per cent, compared to N368.83 billion recorded in the corresponding period of 2019. This debt profile accrued by
Read More

FG spends over N50bn monthly on electricity — Minister

Increased electricity tariff tough for consumers to pay — Umeh

By Ediri Ejoh Chief Executive Officer of Century Power Generation Limited, Dr Chukwueloka Umeh, says that the Nigerian Electricity Regulatory Commission, NERC’s, failure to increase electricity tariff in smaller, steady steps from 2015, as stipulated in the Multi-Year Tariff Order, MYTO, has made the almost 100 per cent increase for some consumers very discomforting, especially
Read More

FG spends over N50bn monthly on electricity — Minister

Tariff Implementation: Nigeria’s power sector faces bleak future — GENCOs

By Prince Okafor Power Generating Companies, GENCOs, has said that the constraints bewildering Nigeria’s power sector are so vast that they may end up forcing it to comatose. The GENCOs reaction is coming against the backdrop of the recent implementation of the Service Reflective Tariff (SRT), as approved by the Nigerian Electricity Regulatory Commission, NERC.
Read More

Collapsed Infrastructure: Electricity sector losses N365bn in 6 months

•Gas supply, infrastructure challenges remain, 7 years after privatisation By Prince Okafor INSUFFICIENT gas supply, distribution and transmission infrastructure have continued to plague the power sector, forcing it to record losses amounting to N365 billion in the first half of 2020, H1’20. The losses, which also occurred mainly because of inadequate infrastructure, equipment failure and
Read More

Renewable Energy: Operators ready to support govt aspirations — Adebajo 

Poor power supply remains one of the major problems in Nigeria. In this interview with UDEME AKPAN, the Managing Director and Chief Executive Officer, Lumos Nigeria, Mrs Peju Adebajo, disclosed that operators are ready to support the Federal Government in delivering renewables to consumers, to support the nation’s national grid. Excerpts: In your opinion, how
Read More

Alternative power for power alternatives

Alternative power for power alternatives

By Nnimmo Bassey The word power has many synonyms. Some of these are influence, authority, control, and dominance. The term has interesting definitions in politics, military, religion, electrical, sports, law, and mathematics. In physics, it refers to energy produced by means such as electrical or mechanical ones in order to operate a device. Electric power
Read More

Do NOT follow this link or you will be banned from the site!