Category: Power

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…

On the 12th of March, the National Electricity Regulatory Commission (NERC) announced a new policy under the Electric Power Sector Reform Act (EPSRA) of 2005. Known as the 2018 Meter Asset Providers (MAPs) policy, it was designed to deregulate the provision pre-paid meter. In essence, electricity distribution companies (Discos) have to outsource the acquisitions and…

Seydou Kane is Managing Director, Africa for Eaton’s Electrical Sector. He is responsible for leading Eaton’s Electrical Sector team in Africa and driving Eaton’s ambitious growth strategy for Africa. Seydou has over 15 years’ experience in management, sales and strategic marketing in four continents. He holds Master’s of Business Administration from IMD Business School, Switzerland…

The Federal Government has provided more details on the N72 billion financial facility it plans to provide for the 11 electricity distribution companies (Discos) in Nigeria to upgrade and expand their networks. It said the facility would be a shareholder loan which the Discos must be willing to match or it would be converted to…

Electricity consumers in the country on Wednesday accused electricity distribution companies in the country, saying they have failed to provide uninterrupted and cost friendly power to the citizens almost four years after they took over the successor companies of the defunct Power Holding Company of Nigeria (PHCN). They spoke at the on-going House of Representatives,…