Category: Power

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…

The Nigerian Electricity Regulatory Commission (NERC), has said that the Mini Grid Regulation it rolled out in 2017 is meant to cut down the cost for supplying electricity in rural areas and to accelerate rural electrification projects. The Assistant General Manager (AGM), Renewable Energy and Rural Electrification at NERC, Dr. Abdullahi Yusuf, said this at…

By Energy Worth Hundreds of homes are to be demolished for the execution of a $200 million electricity transmission project in Ogun State. The Special Adviser to the Ogun State Governor on Energy, Mr Abolanle Gbeleyi, who made this known in Abeokuta in a chat with our correspondent, said the project was meant to improve…

By Energy Worth The Federal Government said it had restored 80 per cent of the electricity transmission and distribution installations damaged by insurgents in the North-East, which has resulted in an incremental and improved supply to customers in the Yola DisCo’s franchise areas. Disclosing this in Yola, Adamawa State on Monday, while giving his opening…

More details are emerging on the N72 billion financial facility plans by the Nigerian government from which the 11 electricity distribution companies would upgrade and expand their networks. The EnergyNewsTM team found out that the facility would be a shareholder loan that the Discos have been asked to match or convert to equity. This is…

Ibom Power Company is wooing investors for the second phase of its project expected to generate 500mw of electricity located in Ikot Abasi Local Government Area of Akwa Ibom State. Currently, the plant generates 191mw of power from its first phase while it is able to evacuate about 153mw due to poor energy infrastructure. The…

By Energy Worth The Indian High Commissioner to Nigeria, Shri Reddy, said his country has made available the sum of about $174.96 million to boost power supply in Nigeria. Reddy made this disclosure on Wednesday, while speaking at a workshop organised by All Indian Universities Alumni in Abuja. Speaking on his behalf at the event,…

Oil magnate, Femi Otedola has invested $350 million in a power generation company known as Geregu Power Plc. Otedola acquired the company in 2013 through a subsidiary of Forte Oil Plc, Amperion Power Distribution Company Limited. Otedola recently revealed his $350 million investment in the power generation company days after joining Twitter. The investment is…

By Energy Worth The Eko Electricity Distribution Company (EKEDC) on Wednesday, decried the spate of violent attacks on its workers while on lawful duties. EKEDC’s General Manager, Corporate Communications, Mr Godwin Idemudia, in a statement issued in Lagos, said their workers had been attacked by people claiming to be protesting against epileptic power supply. He…