Category: Power
No incentive to increase power generation —Gencos
By Oke Peter As households and businesses continue to lament the nation’s electricity woes, power generation companies in the country have said there is no incentive for them to increase output from their plants. The Gencos said their total generation capacity rose to 7,383.04 megawatts in 2018 from 4,214.32MW in 2013, when the power sector…
DisCos got N438bn energy revenue in 2018, hit 66% efficiency
The Association of Nigerian Electricity Distributors (ANED) said 10 Distribution Companies (DisCos) reached 66 percent collection efficiency as they collected N438 billion revenue for energy served to consumers in 2018. The Director of Advocacy and Research at ANED, Mr Sunday Oduntan, in a document said the 10 DisCos, excluding Yola DisCo, received energy worth N666.6bn…
Six transmission towers vandalised in Delta —TCN
By Oke Peter Electricity supply in Delta State has been threatened following the vandalisation of six towers belonging to the Transmission Company of Nigeria (TCN). In a statement issued in Abuja on Tuesday, General Manager, Public Affairs at TCN, Ndidi Mbah, said it would take another four weeks before vandalised towers would be put in…
Transcorp okays $2.5bn for Nigeria’s power sector
The Transnational Corporation of Nigeria Plc yesterday said it plans to invest $2.5 billion in the power sector to boost power supply across the country. The investment will be made through its subsidiary, Transcorp Power Limited. Transcorp Power has so far injected about $1 billion in projects with a combined capacity of 700Mw, Chairman, United…
Ikeja Electric sets up panel to tackle disputed bills
In a responsive approach to mitigate customer complaints arising from estimated bills, Ikeja Electric has set up a Bill Dispute Resolution Panel (BDRP) across its undertaking offices to help expedite cases of disputed bills. The panel, which comprises selected staff with expertise in the business operations and customer services, will meet with customers, once in…
Concern as power generation drops from 4,708.3MW to 2,938MW
By Oke Peter The national power grid lost 1,770 megawatts in two days as generation fell below the 3,000MW mark on Friday, the latest data obtained by our correspondent on Saturday revealed. The total available electricity generation fell to 2,938.5MW as of 6am on Friday from 4,708.3MW on Wednesday. Data from the Nigeria Electricity System…
Electricity: Why we are not connecting new GENCOs —TCN
With over 90 million households yet to be connected to the national grid, the Transmission Company of Nigeria (TCN), yesterday, disclosed that it has been unable to connect new Electricity Generating Companies (GENCOs) because of the inability of the Electricity Distribution Companies (DISCOs), to take additional load. This is coming as the National Power Training…
Five firms bid for Afam, Yola power companies
Damilola Shittu – Abuja Five firms have submitted financial and technical bids to purchase a 51 percent stake in the Afam Power Plc – an electricity generation company – and Yola Electricity Distribution Company. Head, Public Communications at the Bureau of Public Enterprises, Amina Othman, disclosed this in a statement made available to our correspondent…
East Africa conferences: Ethiopia to launch 2nd National Electrification Program March 27
EnergyNet Limited has announced that the co-located ‘Africa Energy Forum: Off the Grid’, and ‘Regional Energy Co-operation Summit’ meetings taking place in Addis Ababa, Ethiopia between 27 and 29 March will welcome the launch of the updated version of Ethiopia’s National Electrification Program (NEP 2.0), presented by the Government of Ethiopia. According to a statement…
Discos failed to remit N325.54bn in 10 months —NBET
By Oke Peter Power distribution companies in the country failed to remit a total of N325.54bn to the Nigerian Bulk Electricity Trading (NBET) for the electricity sold to them from January to October last year. The government-owned NBET buys electricity in bulk from generation companies through Power Purchase Agreements and sells through vesting contracts to…