GENCOs operating at a loss —APGCN

By Energy Worth with Agency Report The Association of Power Generation Companies of Nigeria (APGCN), has said that its members are operating at a loss, as the percentage of revenues received do not cover their operating costs. As a result, the generating plants can no longer sustain their operations, due to high outstanding debts.Besides, the…

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KEDCO installs new transformer in Kano communities

Kano Electricity Distribution Plc. (KEDCO) has energised new distribution transformers in four rural communities in Kano state , so as to boost socio-economic activities in the areas. In a statement by KEDCO’s spokesman, Mohammed Kandi, it said the effort was aimed at raising the standard of living in the benefiting communities, including Yar-Fulani in Tudun…

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Fashola again assure Nigerians of steady power supply

The Minister of Power, Works and Housing, Mr Babatunde Fashola has again, assured Nigerians of uninterrupted power supply in the country. This is coming as operators in the power sector yesterday acknowledged that the World Bank has approved $486 million to support the expansion programme of the Transmission Company of Nigeria (TCN). According to a…

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Power generation to hit 100,000mw by 2030

Energy Worth with Agency Report The Energy Commission of Nigeria (ECN) has predicted that Nigeria will be able to generate 100,000 megawatts of power by 2030. ECN Director-General, Eli Bala, made this known on Monday in an interview with the News Agency of Nigeria (NAN). He said the projection would be possible with an annual…

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FG reassure Nigerians of steady power supply

The Federal Government said it is making efforts to improve electricity supply in the country that will enhance economic and social activities. Speaking to journalists during a site visit to some Hydro Power Project sites in Zungeru, Kainji and Jebba all in Niger State, the Deputy Director, Energy Resources in the Ministry of Power, Works…

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Akwa Ibom to generate additional 1500MW soon

Energy Worth with Agency Report   The Managing Director of Ibom Power Company Limited, Engineer Meyen Etukudo, has announced that plans are underway for 1500 megawatts of electricity to be added to the state’s current power generation capacity. Etukudo in his presentation at the 25th monthly power sector stakeholders meeting in Uyo said the 1500MW…

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