Category: Power

By Energy Worth The Bureau of Public Enterprises has invited Expressions of Interest from prospective investors who are interested in purchasing 60 per cent stake in Afam Power Plc and Yola Electricity Distribution Company Plc (YEDC). The Head of Public Communications at the privatisation agency, Mrs. Amina Othman, confirmed this in a telephone interview with…

The Republics of Benin and Niger have paid $10.1m as electricity bill to Nigeria to avert being disconnected from their power source in Nigeria after the Federal Government threatened to disconnect debtors. It was also learnt that the countries made the payment through their respective power firms, with NIGELEC of the Republic of Niger paying…

By Energy Worth The Transmission Company of Nigeria (TCN), has reinstated that localising tripping in the power sector chain is not the company’s affair. This is coming against the backdrop of the recent allegation by Benin Electricity Distribution Company, BEDC, allegation that the National Grid was highly unstable, with over 2,000 tripping in its network…

By Energy Worth The Transmission Company of Nigeria (TCN) has promised that it would attain the capacity to transmit 20,000 megawatts of electricity to Nigerians by 2021. TCN’s Managing Director, Mr. Usman Mohammed gave the assurance Monday, during the inauguration of the 1x60MVA, 132/33KV transformer substation in Akure, Ondo State capital. He said the inauguration…

National Union of Electricity Employees (NUEE), has decried the lingering issue of unpaid benefits to over 2000 workers of the defunct Power Holding Company of Nigeria, PHCN, five years after the privatization of the assets of PHCN. Those yet to be paid, according to NUEE include staff who have been duly verified but not yet…

MINNERS under the auspices of Miners Association of Nigeria (MAN), have expressed optimism that the completion 154-kilometer Itakpe-Ajaokuta-Warri standard gauge line billed for commercial operations by September 2018 will boost mining activities in the minerals and mining sector. In an interview with Vanguard over the weekend, the National President, MAN, Sani Shehu, applauded the federal…

By Energy Worth Many of the Nigerian banks that gave loans to core investors during the privatisation of the power sector in 2013 may have incurred losses, our correspondent has learnt. It was gathered that the banks had, in the past four years, been struggling to ensure the repayment of the acquisition loans they granted…

By Energy Worth Ondo State governor, Mr Rotimi Akeredolu of  has called on distribution companies (DISCOS) in the country to provide meters for all homes to avoid rifts between their staff members and their consumers. Akeredolu said this on Monday, at the inauguration of 60MVA transformer at the 132/33kV transmission substation in Akure. He said…

Power Generation Companies in Nigeria (Gencos) are raising concern over increasing costs of power generation,even as express worry on grid operations, liquidity challenges, and access to forex to fund plant maintenance and other foreign currency denominated projects. These they said is a major threat to the electricity delivery in the country which could result in…

Electricity Distribution Companies (DisCos) have frowned at a N72 billion investment by the Transmission Company of Nigeria (TCN) in distribution networks without recourse to the DisCos managing the networks. In a statement on Sunday, the Association of Nigerian Electricity Distributors (ANED) feared customers may bear the cost of the unsolicited and wrongly directed investment as…