Category: Power
Valentine’s Day: Ikeja Electric celebrates with kids at Igbobi Orthopaedic Hospital
It was an atmosphere of joy and excitement at the Children’s Ward of National Orthopaedic Hospital, Igbobi, Lagos (NOHIL), when the staff of leading electricity distribution firm, Ikeja Electric Plc (IE), visited the hospital to celebrate Valentine’s Day with them. The visit, which was in line with the objectives of the company’s Personal and Corporate…
$16bn power project: Buhari vows to probe Obasanjo
President Muhammadu Buhari has vowed to probe the $16 billion spent on failed power project by the administration of former President Olusegun Obasanjo. The News Agency of Nigeria (NAN) has reported. He said his government would recover the money and expose those behind the scam. President Buhari, who spoke on Tuesday in Yenagoa, the Bayelsa…
DisCos dispute 2,000MW stranded electricity as GenCos kick
Damilola Shittu – Abuja The power Distribution Companies (DisCos) have insisted that there is no 2,000 megawatts (MW) stranded in the Nigerian Electricity Supply Industry (NESI) that can’t be delivered. But the Generation Companies (GenCos) confirmed the existence and are seeking ways to evacuate and supply more electricity to Nigerians. The Permanent Secretary (Power), Federal…
Ashaka Cement set to inaugurate N11bn 16MW power plant
Ashaka Cement Company, a subsidiary of Lafarge Africa Plc has unveiled plans to inaugurate a 16-megawatt power plant in order to improve and solve the country’s energy problem. The Managing Director, Ashaka Cement, Rabiu Abdullah Umar, who disclosed this while speaking with journalists during the 2018 award ceremony for its distributors, said the company spent…
Eskom deepens South Africa power cuts as Moody’s Flags Risk
By Colleen Goko, Paul Burkhardt and Prinesha Naidoo South Africa’s debt-laden power utility raced to stabilise the grid by resorting to the most intense supply cuts in four years while Moody’s Investors Service warned a plan to fix it fell short. Eskom Holdings SOC Ltd. is implementing so-called stage 4 rotational power cuts from 1…
TCN raises $1.62bn for power transmission projects
The Transmission Company of Nigeria said on Thursday that it had raised a total of $1.623bn for power transmission projects across the country. The News Agency of Nigeria (NAN) has reported. The Managing Director/Chief Executive Officer, TCN, Mr Usman Mohammed, who disclosed this in Lagos at the inauguration of a substation in Ilashe, said the…
Egbin Power Plant to inject 1,320MW into national grid
Esther Ajibola – Lagos The management of Nigeria’s largest power generation company, Egbin Power Plc, is increasing both technical and engineering works to generate power at installed capacity before end of this month. The management also reaffirmed its commitment to ensuring the power plant increases its electricity generation capacity by 100 per cent in 2019,…
African Power, Energy and Water Industry Awards to hold in Cape Town
The power and water industries on the continent have responded with enthusiasm to the latest call for nominations for the sixth edition of the annual African Power, Energy and Water Industry Awards that returns to Cape Town on 15 May 2019. Pioneering utilities, projects and people in the energy and water industries on the continent…
Power generation increased by 100% in three years —Fashola •TCN figures contradict minister’s claim
Damilola Shittu – Abuja The Minister of Power, Works and Housing, Babatunde Fashola, has stated that power generation in Nigeria increased by 100 per cent within a space of three years. Fashola, who disclosed this while playing host to members of the Federation of Construction Industry in his office on Monday in Abuja, specifically stated…
Hungary unveils $70m Bridge Power Project in Ghana
Hungary’s Ambassador to Ghana, András Szabó, has unveiled $70 million worth of power generation investment from Hungary for the first stage of the 400+ megawatt (MW) Bridge Power Project. This investment includes three out of five GE aero-derivative gas turbines (TM 2500) that will be used to operate this first stage of the power plant…