Category: Power
‘Willing-buyer, willing-seller arrangement will solve Nigeria’s power challenges’
The Federal Government has declared the willing-buyer- willing-seller policy as one of the surest steps to addressing Nigeria’s power challenges. The Guardian has reported. Vice President, Professor Yemi Osinbajo, noting that power remains very critical to national development, said if the generation companies do not have the resources to produce electricity; other companies can take…
Reps pass bill criminalising estimated billing
Esther Ajibola – Abuja A bill seeking to amend the Electric Power Reform Act, prohibit and criminalise estimated billing of consumers passed the third reading at the House of Representatives on Tuesday. The Majority Leader, Mr Femi Gbajabiamila, sponsored the bill in protest against the “crazy bills” Electricity Distribution Companies force their customers to pay….
55% of electricity consumers lack meters —NERC
More than five years after the nation’s power sector was privatised, 55 per cent of electricity consumers are still being subjected to estimated billing. The Punch has reported. The Nigerian Electricity Regulatory Commission, in its latest quarterly report, said the provision of meters would improve revenue collection by the distribution companies. It said, “Metering gap…
DisCos disconnect 1,205 premises under high-tension power lines —NEMSA
Damilola Shittu – Abuja Between June 2018 and January this year, power distribution companies have disconnected a total of 1,205 premises that were constructed under high-tension power lines across the country, the Nigerian Electricity Management Services Agency (NEMSA) announced on Thursday. NEMSA said the disconnection was as a result of its directive to the DisCos…
Ikeja Electric warns public against activities around power lines …Restates commitment to safety of lives and property
In a renewed commitment to its high safety standards, Nigeria’s leading electricity distribution company, Ikeja Electric Plc (IE), has warned the public under its network against building structures and engaging in social and economic activities under power lines. According to a release signed by the firm’s Head of Corporate Communications, Felix Ofulue on Wednesday, the…
Tension as Gencos threaten to shut down power plants
By Oke Peter Electricity generation companies in the country have said they will be forced to shut down their power plants if the challenges facing them are not addressed. The Association of Power Generation Companies, the umbrella body for the Gencos, said on Monday that the recent decline in available generation capability could be traced…
No budgetary provision for 3,050MW Mambila project —Fashola
Damilola Shittu – Abuja There is no budgetary provision for the construction of the 3,050 megawatts Mambila hydropower project, the Federal Government declared on Sunday. The government said the claims that the loan negotiations for the project had stalled since 2017 because of an attempt to utilise $600m (N219 billion) from the project for an…
FG completes construction of eight multi-million dollar power plants
Nigeria has successfully completed 8 multi million power plants under the Federal Government’s National Independent Power Project (NIPP) with an aim of increasing electricity generation in the highly populated country. According to the company behind the construction of the plants, the Niger-Delta Power Holding Company (NDPHC), the plants installed include; 750MW Olorunsogo 11, 450MW Sapele,…
19 firms conduct due diligence on Afam Power, Yola Disco
Nineteen prospective investors are currently conducting due diligence on Afam Power Plc and Yola Electricity Distribution Company, The PUNCH has learnt. While seven of the companies are currently examining the data on Afam Power Plc, twelve are examining the data and assets of Yola Electricity Distribution Company in order to determine what exactly is on…
GenCos accuse NERC of crippling power sector
Damilola Shittu – Abuja Executive Secretary of the Association of Power Generation Companies (APGC), Dr Joy Ogaji, on Tuesday, in Abuja said the investment made by operators, especially power generation firms, was under threat. This, she, said was due to a regulation introduced by the Nigerian Electricity Regulatory Commission (NERC) to favour electricity distribution companies…