Category: Power
Solving the liquidity crunch in the Nigerian power sector
White Paper presented at Power Sector Roundtable Conference hosted by Mainstream Energy Solutions Limited on September 24, 2019 at Kainji Dam Hydropower Plant, Niger State BackgroundThe slow pace of economic diversification The Economic Recovery and Growth Plan (ERGP) contains the federal government’s position to diversify the economy away from oil towards developing the agricultural and…
Licence cancellation: FG gives Discos December 7 deadline
Power distribution companies have till December 7 to submit their written responses providing reasons their licences should not be cancelled, the Nigerian Electricity Regulatory Commission (NERC) declared on Tuesday. In an updated document on the notice of hearing on the petitions by Discos on the Minor Review and Minimum Remittance Order dated November 5, 2019,…
Nigeria’s power grid records 206 collapses in 9 years …As foreign-funded investment hits N715bn
Nigerians woke up on Wednesday, May 8, to a nationwide outage that cut off power from many homes and factories, leading to reduced load allocations to the distribution companies (DisCos). About 5:29 am the following day (Thursday, May 9, 2019), the grid collapsed again, compounding the nation’s energy challenge. Checks revealed that the country’s power…
Nuclear power could respond to Africa’s hunger for energy
Kenya, Egypt, Ghana, Morocco, Niger, Nigeria and Sudan have already engaged with the International Atomic Energy Agency to assess their readiness to embark on a nuclear programme. Senior nuclear stakeholders from international and African companies and government agencies will gather at the 9th edition of Nuclear Business Platform, being held at the Mövenpick Nairobi Hotel…
We ‘ll ensure stable power supply in Nigeria, says NERC boss
The chairman of the Nigerian Electricity Regulatory Commission (NERC), Professor James Momoh, has assured the West African nation that “stable power supply in the nation will be realized in our lifetime.” Momoh is confident that this would be achieved when the metering situation in the country improves through the intervention of current Meter Asset Providers’…
Financing power projects in Africa: From pipe dream to project bankability
Many energy schemes across Africa wither because of the absence of effective financing structures. However, both development finance institutions and commercial lenders are committed to finding solutions that could transform the continent’s prospects. James Gavin reports. The race is on to find new ways of catalysing finance for projects that provide electricity to all Africans….
Discos’ power supply slumps to 2,962MW
Oke Peter with Agency Report A report obtained Thursday from the System Operations (SO), a department of the Transmission Company of Nigeria (TCN) has shown that the level of electricity distribution by the 11 electricity distribution companies (Discos) in the country has significantly dropped to 2,962.82 megawatts (MW) or 46.73 per cent. The report, which…
ENGIE acquires Mobisol, becomes African market leader in off-grid solar
ENGIE already has significant activities in off-grid electrification in Africa ENGIE has expanded its decentralized energy offering in Africa through the acquisition of Mobisol, a pioneer of off-grid solar solutions. Founded in 2011, the company employs over 500 people as well as approximately 1,200 contractors. Mobisol has operations in Tanzania, Rwanda, and Kenya and has…
Schneider Electric, AFD, NAPTIN to train 300 Nigerian electricians
Nigeria’s energy management giant, Schneider Electric in partnership with Agence Francaise de Development (AFD) and the National Power Training Institute (NAPTIN) will begin the second round of training for Nigerian electricians across the country on September 3. Already, Schneider Electric has trained 1,000 beneficiaries in the last five years and has asked those who do…
Nigeria risks another $2.3bn fine over Mambilla hydroelectric project
Nigeria may face another $2.3bn fine in arbitration in France over an alleged breach of contract on Mambilla Hydroelectric project. This is coming after a British commercial court awarded $9.6bn against the country in favour of Process and Industrial Development Company in a botched gas processing deal. The Mambilla project is currently a subject of…