A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
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
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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
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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.
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The power sector has recorded yet another national peak generation of 5,520.40MW on Oct. 30 at 9.15 pm, Mrs Ndidi Mbah, General Manager. Public Affairs, Transmission Company of Nigeria (TCN) made this known in a statement in Abuja on Saturday. She said that the new generation surpassed the previous 5.459 Mega Watts (MW) recorded on
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By Chris Ochayi ABUJA: The Transmission Company of Nigeria, TCN, said the power sector has recorded yet another national peak generation of 5,520.40MW on 30th October, 2020 at 9.15pm, The General Manager, Public Affairs, Mrs. Ndidi Mba said in a statement Saturday that the current peak surpassed the previous 5.459MW recorded on 28th October, 2020
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•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
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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
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By Udeme Akpan The Federal Government has said that it has secured $6.15 billion for infrastructural development in the power sector. Minister of Power, Engr. Sale Mamman, who disclosed this in his report – One Year Anniversary: Key achievements – obtained by Energy Vanguard, stated: “I am glad to state that to date, $6.15 billion
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By Udeme Akpan The Federal Government has disclosed that it has secured $6.15 billion for infrastructural development in the power sector. The Minister of Power, Engr. Sale Mamman, who disclosed this in his report – One Year Anniversary: Key achievements–obtained by Energy Vanguard, stated: “I am glad to state that to date, a total sum
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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
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