Category: Power

Energy Worth with Agency Report The Transmission Company of Nigeria (TCN) will seek the help of Kaduna State government to remove structures under high tension lines to avert electrocution. The Managing Director of TCN, Mr Usman Gur, gave the hint in an interview with News Agency of Nigeria (NAN) in Kaduna on Monday, and advised…

Nigeria and 18 other African countries will get $200 million in funding from the World Bank as part of the Regional Off Grid Electrification Project (ROGEP) which aims to provide beneficiaries support to foster a sustainable and scalable off-grid electrification market to meet the electrification needs of populations in remote areas. Implemented by Cedeao’s Ecreae…

Energy Worth with Agency Report THE electricity sector has recorded losses amounting to N187 billion as a result of inadequate gas, poor distribution and transmission as well as water reserves constraints. Minister of Power, Works and Housing, Mr Babatunde Fashola The losses recorded between December, 2017 and May, 2018 has affected the generation, transmission and…

By Energy Worth The practice of blame games between key operators in Nigeria’s power sector have continued unabated with the Transmission Company of Nigeria (TCN) stating on Tuesday, in Abuja that most power generation companies (Gencos) in the sector lie about the capacities of their plants so they can make financial claims on capacity charges….

THE restoration of electricity in the early hours of Monday threw a man suspected to be in his late 30s off a high tension pole in his failed attempt to commit suicide. The unidentified man had climbed the high tension pole close to Jevinik Restaurant in New GRA, Port Harcourt at about 11pm on Sunday,…

Kano state Governor, Dr Abdullahi Umar Ganduje has said that the Kano Independent Power Project (IPP) will be commission in October this year. Addressing press men on Monday as part of his 3rd anniversary, Ganduje also said an over N1bn contract had been awarded for the construction of transmission plant for onward distribution of the…

Energy Worth with Agency Report Many Nigerians are reporting less use of generators due to improved power supply, President Muhammadu Buhari said on Tuesday. The president spoke in his broadcast to Nigerians to mark this year’s Democracy Day. “In the area of power generation, Nigerians from all parts of the country continue to report better…

Edo State Governor, Mr. Godwin Obaseki, has said with the 450MW Azura-Edo power project now on stream, the state is looking at attracting more investors for the Benin Industrial Park and technology innovation hubs, which would benefit from the conducive business environment and guaranteed power in the state. The governor said this during the visit…

By Energy Worth The Central Bank of Nigeria has provided funds to power distribution companies for the purchase of 704,928 meters and for the acquisition and installation of over 500 transformers. In a bid to avert the collapse of the country’s power sector, the bank has also paid more than N24bn to gas suppliers and…

With shortfalls in the electricity market at over N1 trillion, the need to rescue the electricity sector has never been more acute. The challenge however is that the distribution companies (DisCos), who collect on behalf of everyone else in the value chain, are inefficient. This is why the Federal Government has been considering options to…