Category: Power

The Enugu Electricity Distribution Company, EEDC, has established a Special Investigation and Prosecution Task force on Electricity Offences (SIPTEO). The EEDC head of communications, Emeka Ezeh, made this disclosure in a statement issued to newsmen on Sunday in Enugu. According to the statement, the development is to checkmate individuals and organisations, engaging in energy theft…

By Energy Worth There are indications that the financial support from the Central Bank of Nigeria (CBN) to the power sector will help reduce the amount of Non-performing Loans (NPLs) in the banking system, especially for lenders that are highly exposed to the sector. This declaration was made at the Renaissance Capital (RenCap) ninth Annual…

By Energy Worth Residents of the Ilaje Local Government Area of Ondo State have decried the lack of power supply in many communities in the area. The residents, who spoke during a South-South zonal interactive session organised by the House of Representatives ad-hoc committee on power in Benin, the Edo State capital, lamented they had…

A deluge of investments are pouring into Nigeria’s off-grid electricity initiative which is targeting key economic clusters across the country. The initiative is conceptualised to free the national grid system that has proved unreliable even after unbundling the monopolistic National Electric Power Authority (NEPA) and eventual partial privatisation of the power sector in 2013. The…

By Energy Worth Schneider Electric, global specialist in energy management, software and automation, has unveiled a new range of cable management systems customised for new and modern buildings. The engineering design of the product, which was unveiled during a grand Retail Partners event in Lagos recently, enhances architectural finishing of structures and buildings while facilitating…

The yearning to ensure qualitative and stable power supply to Nigerians has made the federal government to install two 15 Mega Volt Ampere (MVA) capacity transformers to boost electricity supply to Lagos State residents. The projects would go a long way in boosting the economy of the state through the expansion and sustainability of small…

Why was a whopping $15 billion invested in the National Integrated Power Project (NIPP)? This is a question that has lingered for more than a decade. Yusuf Alli writes on while the multi-billion power sector investment did not yield the desired result. LIKE a recurring decimal, the debate on what happened to the $16 billion…

By Energy Worth President Muhammadu Buhari came hard on former President Olusegun Obasanjo, on Tuesday, accusing him of “bragging” he spent $16 billion on the power sector without anything to show for it. Buhari bared his mind while receiving members of the Buhari Support Organistion (BSO), led by Comptroller-General of Customs, Colonel Hameed Ali, who…

By Energy Worth The Transmission Company of Nigeria (TCN), disclosed on Wednesday that, it was economically wise to sell electricity to buyers in other countries since generating companies must continue to invest and reinvest to sustain the supply chain. Defending the sale of electricity to other countries when a greater percentage of the populace are…