Category: Power
Meter price: 6.46 million unmetered customers to pay more —NERC
Providing reasons for the increase in meter cost, the commission explained that the hike in foreign exchange rate by the Central Bank of Nigeria was a contributory factor.
Privatisation of power sector and calls for reversal
Should Nigeria allow the private sector to continue the ownership of the nation’s power infrastructure, or return the sector to the days when government was in charge of electricity supply?
MPower raises $430k to expand its off-grid energy solutions in Africa
By Milcah Lukhanyu MPower, a Switzerland-based tech4impact venture tackling the challenges of energy access and financial inclusion in Africa has raised $430,000) via British crowdfunding platform Crowdcube to help it upgrade its software, scale-up operations in its current markets and launch into three new markets by the end of the year. MPower, which had over…
COVID-19: REA electrifies four health facilities with solar
By Oke Peter Rural Electrification Agency (REA) on Wednesday handed over two completed solar hybrid mini-grid plants in Abuja and Lagos. Its Managing Director, Ahmad Salihijo Ahmad, made this known in a press release to journalists. According to the statement, the two other completed solar hybrid mini-grids are slated to be handed over on Thursday…
No decision yet on two-month ‘free electricity’, says Power Minister
The Minister of Power, Mr Saleh Mamman, has said that the Federal Government has yet to take a decision to supply free electricity to Nigerians for two months. The minister’s statement came after power distribution companies said that the two-month free electricity which they announced on Wednesday would be paid for by the National Assembly…
Power transmission upgrade: FG assures AfDB of transparent utilisation of funds
The Nigerian government has promised that funds approved and released to the Transmission Company of Nigeria (TCN) by the African Development Bank (AfDB) for the upgrade of the national grid will not be embezzled. The Minister of State for Power, Mr. Goddy Jedy-Agba, gave the assurance to Acting Vice President, Power, Energy, Climate and Green…
Power sector loses N117.8bn to gas shortage, others —Report
The investigation has shown that between January 1 and March 6, Nigeria’s power sector lost N117.8bn. Findings showed that the sector kept losing billions of naira daily, as it lost as much as N2bn daily in some days during the period under review. It was also gathered that the least amount lost by the sector…
Discos: We have received no subsidies since 2013 privatisation
Damilola Shittu – Abuja The electricity distribution companies (Discos) in Nigeria’s power sector have denied receiving financial subsidies from the federal government since 2013 when the sector was reformed, and privatisation exercise concluded. The Discos through their trade association – the Association of Nigerian Electricity Distributors (ANED), condemned a recent claim by the federal government…
Legal dispute delaying Mambilla hydro plant is nearly over —Power minister
Nigeria is set to build the second-largest hydropower plant in Africa after the government settled a legal dispute that was delaying the project, said power minister Sale Mamman. “We have now overcome the major problem stopping this project and it [the legal dispute] is nearly over,” Mamman said in an interview in Abuja, the capital…
Resolving electricity sector logjam
Since November 2013, when the Power Holding Company of Nigeria (PHCN) successor companies were handed over to their new owners, the perennial challenge of epileptic power supply, which over the years contributed to the frail economic growth recorded by the country has remained unabated. In fact, the expectation of improved and stable supply of electricity,…