Category: Power

By Energy Worth The World Bank says it has made available a grant of $250,000 to support the Port Harcourt Electricity Distribution Company (PHEDC), in her ongoing energy efficiency programme. This was disclosed by the leader of the World Bank delegation to PHEDC, Mr. Jinping Zhao, during a visit to the Disco’s corporate headquarters in…

By Energy Worth The management of Kano Electricity Distribution Company (KEDCO) has said that it loses N180m every month due to activities of vandals. The Managing Director of the company, Alhaji Jamilu Isyaku Gwamna made the disclosure on Friday at an engagement meeting with Traditional and Religious in Kano state. Gwamna explained that the company…

Electricity Consumers in the South-East, Thursday, tasked electricity Distribution Companies (DISCOs) to strive to install pre-paid meters for all customers. They said this would help in checkmating claims of over-billing and estimated billing that was causing disagreements. The consumers said this in Enugu during a forum of the House of Representative Ad-Hoc Committee to Curb…

The Ibadan Electricity Distribution Company (IBEDC), has denied that it was one of the electricity distribution companies that did not remit payment in respect of the bulk energy invoice presented by the Nigeria Bulk Electricity Trading Plc (NBET) for the month of January 2018. The is coming as the electricity distribution firm, in partnership with…

Total has entered into an agreement with the controlling shareholders of Direct Energie1 for the proposed acquisition of 74.33% of its share capital2, at a price of €42 per share, ex-dividend of €0.35 per share, representing an aggregate acquisition price of approximately €1.4 billion. Once this acquisition has been completed, Total will file with the…

In a historic agreement, GE’s Power Services business has announced that it will service power generation equipment in 11 power plants owned by Petrobras, Brazil’s majority state-owned oil company. Valued at more than $300 million, the deal represents GE’s largest transactional power generation services agreement in Latin America. The fleet under the contract represents approximately…

By Oke Peter Abuja Electricity Distribution Company (AEDC) has disclosed that about $150 million is required to finance metering of electricity customers in its coverage areas of Kogi, Niger, Nasarawa and the Federal Capital Territory (FCT). AEDC’s Managing Director, Mr Ernest Mupwaya, said this while making a presentation to House Committee on Privatisation, who was…

Energy Worth with Agency Report The management of Afam Power PLC, has been compelled to cut generation from 560 megawatts, MW to 250 MW as a result of distribution challenges. The Managing Director of Afam Power PLC, Engineer Olumide Obafemi, who made the remarks on the sideline of ministerial press visit to Afam Power PLC,…

They sway and dangle from electric poles, constituting a scary sight. Some hang so low that you could touch them with your hands. These sagging and hanging cables and wires have become a familiar sight in major cities across Nigeria. And the situation has become a serious cause of concern as it poses a threat…

Energy Worth with Agency Report The Nigeria Delta Development Commission (NDDC) has said that it has plan to generate 7,000 megawatts of electricity to improve power supply and boost economic activities in the region. The Managing Director of the NDDC, Mr NSIMA Ekere, disclosed this in a telephone interview with the News Agency of Nigeria…