Category: Power

The indebtedness of the Nigerian Bulk Electricity Trading Plc (NBET) to electricity Generation Companies (Gencos), has reached N42.15 billion as at January 2018. NBET was only able to pay the GenCos ₦6.08 billion out of the ₦48.23 billion for the January invoices, which represents 12.62 per cent of the total obligation. NBET, which is charged…

Energy Worth with Agency Report Export of electricity to two neighbouring countries, Niger and Benin Republics, from Nigeria is expected to increase to 1,540 megawatts by 2025 from 387mw in 2020, according to a document obtained from the Ministry of Power, Works and Housing. The document, entitled: ‘Transmission Expansion Plan’, revealed that 780MW and 760MW…

The Administrator of National Judicial Institute, Honourable Justice R. P. I. Bozimo has implored judges of both the Federal and States High Courts to be proactive and expeditious in handling cases relating to electricity crimes, giving the decisive role the power sector plays in the nation’s socio-economic development. The legal luminary made the assertion in…

By Energy Worth The Nigerian Electricity Regulatory Commission (NERC) has issued a deadline of August 1, 2018, to the 11 electricity distribution companies (Discos) to engage the services of Meter Asset Providers (MAP), stressing that the move is aimed at achieving the 3-year metering target prescribed by the Commission, Leadership reports. NERC had earlier announced…

A  journalist, Carl Umegboro, has dragged the Abuja Electricity Distribution Company (AEDC) before the High Court of the Federal Capital Territory demanding aggregately for N292, 465,000:00 (two hundred and ninety two million, four hundred and sixty five thousand naira only) for nuisance, trespass to chattel, infringement of fundamental rights, defamation of his character and special…

Pioneer and former Managing Director/Chief Executive Officer of the Niger Delta Power Holding Company and currently, Chairman, Innovest Nigeria Solutions, James Olotu, tells OKECHUKWU NNODIM, in this interview how the NDPHC started, among other things. Excerpt   How did you restart the National Integrated Power Project after it stopped operations for a while? I don’t…

The World Bank has ranked Nigeria as the second largest country in the world after India and the first in Sub-Saharan Africa with more of her population without electricity. This is as a result of Nigeria’s inability to provide electricity to about 80 million of its people, according to the Bank, in a draft report…

The Meter Asset Provider (MAP) regulation is aimed at closing the metering gap and its attendant challenges in the Nigerian Electricity Supply Industry (NESI), the Nigerian Electricity Regulatory Commission (NERC) has said. In a renewed bid to ensure that electricity customers only pay for what they actually consume, NERC has approved a regulation that provides…

By Energy Worth The House of Representatives, on Thursday, commenced and investigative hearing into alleged unremitted N2 billion and $3.8 million proceeds from the sale of assets of Power Holding Company of Nigeria (PHCN). The chairman of the Ad-hoc Committee, Honourable Dennis Amadi,  assured Nigerians of the Committee’s resolve to work assiduously in the bid…

By Oke  Peter The Transmission Company of Nigeria (TCN), has disclosed that it has installed two 132/33kV power transformers with a 60MVA capacity in Uyo and Kano substations. TCN’s General Manager, Mrs Ndidi Mbah,  who made this known in a statement in Abuja, on Friday, said TCN had also energised its Nsukka 30MVA transmission substation…