Category: Power

Oke Peter with Agency Report With electricity supply, particularly from the distribution companies remaining at an average of nine hours a day in the first half (H1) of 2018, local manufacturers’ expenditure on alternative energy source stood at N43.19 billion during the period. Although electricity remained a core challenge of the manufacturing sector in H1…

Zambia has denied the fake news by a US official that China is about to take over its state power utility to recover $6-10 billion debt, noting the utility was never provided as collateral and its debt to Beijing was only $3.1 billion. U.S. National Security Advisor John Bolton said on Thursday that China’s quest…

The Federal Government has been granted $200 million loan for the funding of the nation’s electrification project. “The Board of Directors of the African Development Bank Group has approved a $150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP),” AfDB said in a statement. “The Africa Growing…

Nigeria’s leading electricity distribution company, Ikeja Electric Plc (IE), has won the 2018 SERAS Innovation Prize at the SERAS Awards, held at the MUSON Centre, Onikan, Lagos, last weekend. The company bagged the prestigious award, in a category that focused on innovative and sustainable ideas with positive environmental impact on society, which was keenly contested…

Esther Abiola – Lagos Nigeria is planning to supply electricity to Burkina Faso, a West African country, amid cries of acute power deficit by Nigerians. Managing Director/Chief Executive Officer, Mainstream Energy Solutions Limited, operators of Kainji and Jebba Hydro power plants, Mr Lamu Audu, said this at the Annual Power and Utilities Roundtable organised by…

Jumoke Adelabu – Benin City The Edo State governor, Mr Godwin Obaseki, on Tuesday, asked the Managing Director of the Benin Electricity Distribution Company, Mrs Funke Osibodu, to leave his office for “failing to meet obligations to electricity consumers in Edo and throwing the state into darkness for weeks.” The mild drama was said to…

Damilola Shittu – Abuja The over N60bn revenue shortfall in the books of power distributors is slowing down the distribution of electricity across the country. According to the Nigerian Electricity Regulatory Commission (NERC) in its most recent quarterly report released in Abuja, power distributors recorded a revenue shortfall of N64.5bn in the first quarter of…

By Oke Peter The President-General of the Senior Staff Association of Electricity and Allied Companies (SSAEAC), Dr Chris Okonkwo has charged members of the association to always address their grievances in a civilised manner to ensure harmonious relationship with their employer. Dr Okonkwo gave the charge in his opening remarks, during a day seminar themed:…

In recognition of its Health, Safety and Environment (HSE) initiatives and innovative approach in educating Nigerians through the use of its proprietary Power Play game, Ikeja Electric Plc (IE) has won the Corporate Pacesetter (Power Sector) and HSE Campaign of the Year awards. The prestigious awards were presented to the company at the 2018 Nigeria…