Category: Power
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…
Power: Greenlight Planet targets 30m Nigerians by 2030
Greenlight Planet, a solar home energy company, said it has delivered clean energy to more than two million individuals in Nigeria, while focusing on rapid innovation of its product and distribution strategy. On a mission to power the underserved, Greenlight Planet began distributing its Sun KingTM solar home energy products in the country in 2011….
Obaseki inspects 55 MW CCETC/Ossiomo Power Plant in Edo
Edo State Ggovernor, Godwin Obaseki yesterday inspected progress of work and equipment at the 55 Megawatts CCETC/Ossiomo Power plant facility in the state. The plant is located at Ologbo on Benin-Sapelr road axis of the state. Addressing reporters after the inspection, Obaseki said when the plant was completed, more electricity would be provided for distribution…
‘Nigeria is the only producer of high-voltage cables in West Africa’
In the whole of West Africa, Nigeria is the only producer of high-voltage cables and the sixth country to adopt the technology in the Africa. The Managing Director, Coleman Wires and Cables Limited, George Onafowokan, said this in an interview with The Guardian on Wednesday. He attributed its growth in the sector to many factors,…
Decision to privatise is a matter of policy and policies take time to take effect –Fashola
The Minister of Power, Works and Housing, Babatunde Raji Fashola, has call for consistency and understanding in the privatized power sector, saying decision to privatize is a matter of policy and policies take time to take effect. “Let’s be consistent here and let us understand that the decision to privatize is a matter of policy….
Controversy trails $5.8bn Mambilla Power Project, as Chinese investor stalls funding
The $5.8bn Mambilla hydropower project, a 3.05GW hydroelectric facility that is to be developed on the Dongo River near Baruf in Kakara Village of Taraba State has suffered a setback which will not only push forward the expected date of operation but will also cost the country a loss of $2.3 billion as a result…
Ikeja Electric expands network maintenance to ensure stable supply during yuletide
The management of Ikeja Electric (IE) has announced the expansion of network patrol teams and field operations preemptive maintenance across its network to ensure customers have an enjoyable yuletide. In a statement released by the company’s Head of Corporate Communications, Felix Ofulue on Wednesday, the move will see various installations undergo preventive maintenance work, as…
Nigeria, others need $250bn investment to resolve power deficit —NERC boss
To resolve the power deficit situation in Africa and reach the United Nations’ (UN) target of Universal Access by 2030, the continent will need to add around 250GW capacity, which will require about 7GW yearly from now to 2030. This, the Executive Chairman, Nigerian Electricity Regulatory Commission (NERC), Professor James Momoh said would require…
Manufacturers spend N43bn on alternative energy —Report
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…