Category: Power
Electricity generation drops to 2,684MW
By Energy Worth The nation’s power generation plunged by 777.9 megawatts on Monday as output from the hydropower plants and some gas-fired stations, including Egbin in Lagos, suffered declines. A total generation capacity of 4,463.3MW was unavailable as of 6am on Monday, compared to 3,631.4MW on Friday, according to the latest data obtained by our…
Meter supply is Discos’ responsibility —FG
By Energy Worth The Federal Government on Monday, announced that power distribution companies still had the responsibility of providing meters to customers as opposed to the recent position of the Discos. It said the Meter Asset Provider Regulation, which was unveiled by the Nigerian Electricity Regulatory Commission in March this year, did not completely remove…
Tension as DisCos throw in the towel
Keen observers and genuine opposition to privatisation of the power sector must be giggling with smiles at the recent turn of events. Core investors of Electricity Distribution Companies are beginning to throw in the towel after five years of privatisation characterised by ineptitude and abysmal performance. This was coming on the heels of government’s determination…
Power grid collapse persists, drops twice in two months
By Energy Worth Investigation has shown that the Nigeria’s electricity grid is still witnessing system collapse as it recorded total failure twice in the last two months. Figures obtained by our correspondent from the Federal Ministry of Power, Works and Housing in Abuja on Thursday showed that the system collapsed once in June and it…
New power policy’ll increase tariff by 14% —Discos
By Energy Worth The Eligible Customer policy introduced by the Federal Government in the power sector will lead to a 14 per cent increase in the electricity tariff payable by residential consumers across the country, power distribution companies have said. In July this year, the Minister of Power, Works and Housing, Babatunde Fashola, said in…
Power generation rises to 7,000 megawatts —Fashola
By Energy Worth Nigeria’s current power generation has reached 7000 Megawatts, the Minister of Power, Works and Housing, Babatunde Fashola, has said. Fashola said this on Friday in Calabar at the Federal Ministry of Power, Works and Housing 4th Edition Retreat for top directors, heads of units and chief executives of agencies and parastatals. He…
Tesla set to launch mini-car
By Irina Slav An American multinational corporation based in Palo Alto, California, that specializes in electric vehicles, lithium-ion battery energy storage and solar panel manufacturing, Tesla, is working on a “mini-car that can squeeze in an adult,” a new tweet from chief executive Elon Musk told the world. The tweet, like another recent one about the…
Security threats affecting our businesses —Kaduna DisCo
The Chairman, Board of Directors of Kaduna Electricity Distribution Company, Alhaji Yusuf Hamisu Abubakar has said the security challenges in parts of Zamfara, Sokoto and Kaduna states, three of the four franchise states of Kaduna Electric is adversely affecting the operations of the electricity firm. Alhaji Abubakar disclosed this in Kaduna over the weekend during…
We ‘re not afraid of Discos’ threat to resell firms —FG
By Energy Worth The Federal Government is not frightened by the threats made by power distribution companies to quit the power sector and resell the firms at discounts. Senior officials of the Federal Ministry of Power, Works and Housing stated that the power distributors knew the procedures to follow if truly they wished to quit…
TCN evacuates 693 stranded power equipment containers from ports
By Energy Worth The Transmission Company of Nigeria (TCN) has recovered 693 power equipment containers that were stranded at seaports across the country. According to the firm, the recovery was achieved last week, as it revealed that some of the containers had been stranded at various ports for about 15 years. The Managing Director, TCN,…