Category: Power
Power sector loses N1.287b daily —Report
Damilola Shittu – Abuja Nigerian power sector said it lost approximately N1.287 billion on Saturday due to insufficient gas supply, distribution and transmission infrastructure. On the same day, average energy sent out was 4,157 megawatts/hour, which was down by 89.19MW from the previous day. This was contained in the Nigerian power sector daily data…
NERC blames estimated billing on low metering
Energy Worth with Agency Report The Consumer Affairs Commissioner of the Nigerian Electricity Regulatory Commission (NERC), Dr Moses Arigu, has identified low metering as a factor responsible for estimated billing by electricity distribution companies (Discos). Arigu stated this at the inauguration of the customer complaints forum office in Osogbo, the Osun State capital. He said…
Consistent implementation of energy policy key to reliable electricity —Barth Nnaji
“Other countries that achieve steady electricity supply did not do any magic but through consistent implementation of energy policies…” Former Minister of Power, Professor Barth Nnaji, has urged government and stakeholders in the energy sector to be consistent in implementing energy policies to enable the country to achieve steady electricity. Professor Nnaji said this at…
Mambilla power plant to cost $5.72bn
Nigeria’s 3, 050 Megawatts Mambilla Power Plant will cost US$5.72 billion, the minister of Power, Works and Housing, Mr. Babatunde Fashola has said. He said arrangements were at an advanced stage to secure the funds from the Chinese government in the form of loans. The News Agency of Nigeria (NAN) has reported. Fashola said at…
Power generation falls below 4,000MW as Discos reject load
Investigation has revealed that the total electricity generation in the country has remained below 4,000 megawatts in recent months as low load demand by distribution companies tops the list of factors causing idle capacity in power stations. Data obtained from the Ministry of Power, Works and Housing on Monday showed that 2002.8MW was unused as…
Power sector loses N460.3bn as generation collapses
The estimated monetary loss in Nigeria’s power sector has risen to N460.3bn in 2018 alone. The data obtained from the Federal Ministry of Power, Works and Housing in Abuja on Friday showed that between January 1 and November 8, 2018, the sector lost N460.253bn. The Punch has reported. The FMPWH explained that the huge financial…
We didn’t make mistake on power privatisation —Senate
Esther Abiola – Lagos The Senate has denied plans to reverse the privatisation of the power sector, despite clamour by stakeholders. Speaking during a visit of the Senate Committee on Power to Ikeja Electric Headquarters in Lagos, the Chairman, Senate Committee on Power, Steel Development and Metallurgy, Senator Enyinnaya Abaribe, described the current situation in…
FG invests N72bn in distribution of 2000MW, others
AfDB says 645m people without electricity in Africa Although, there are about 645 million people without electricity in Africa, with about 90 million Nigerians affected, the Minister of Power, Works and Housing, Babatunde Fashola, has said the Federal Government is doing everything possible to reverse the trend in Nigeria. Fashola, at a post-invent interview with…
Egypt signs deal with Saudi ACWA Power for $2.3bn power plant
Egypt signed a deal on Thursday with Saudi Arabia’s ACWA Power to build a power plant in southern Egypt involving investment of $2.3 billion, the Egyptian electricity minister said. The plant, which will have capacity of 2,250 megawatts (MW), would be built in Luxor province in southern Egypt, the minister told a news conference. He…
AfDB, WAPP, power sector experts to attend Future Energy Nigeria
By Oke Peter The African Development Bank (AfDB) Country Director for Nigeria, Ebrima Faal; West African Power Pool (WAPP) Secretary General, Siengui Apollinaire KI, and Nigeria’s power sector recovery experts will attend the opening session of the Future Energy Nigeria, on Tuesday, 13 November, 2018. The 15th edition of the longstanding conference and exhibition will take…