Category: Power

Energy Worth with Agency Report   The World Bank has commenced preparations for the $500m Nigerian Electricity Distribution Improvement Project. It was learnt that the bank had conducted a fact-finding mission in the distribution sub-sector of the industry in order to ascertain how it could help boost service delivery by the power distributors. Documents made…

By Oke Peter The Minister of Power, Works and Housing, Mr Babatunde Fashola, has reiterated his intention to continue with implementation of the Eligible Customer Policy despite disapproval by the electricity distribution companies, DisCos. In a statement by the minister at the 25th monthly power sector and operators meeting held in Uyo last week, Fashola…

Energy Worth with Agency Report Nigeria’s Minister of Finance, Mrs Ke‎mi Adeosun, said on Friday that the Federal Ministry of Power, Nigerian Electricity Regulatory Commission (NERC) and Nigeria Bulk Electricity Trading (NBET) must ensure that meters are rolled out to improve billing accuracy and improve Distribution Companies collections. Mrs Adeosun said the collections would facilitate…

By Energy Worth The African Development Bank (AfDB) has said that it will support Nigeria’s Power Sector Recovery Programme (PSRP) in three areas. The areas listed as operational and technical intervention, governance issues and policy based support. The bank disclosed this in Abuja on Friday in a statement signed by Mrs Fatimah Alkali, Senior Communications…

By Energy Worth The Federal Government has said that the Zungeru Hydro Power Plant currently under construction by the Chinese company EEC/Sino Hydro was 45 per cent complete. Consequently, the 700MW project’s initial completion date is expected towards the end of 2019. Speaking to journalists during a site visit to the project in Zungeru, Niger…

Editor of the leading mining trade journal, Mining Review Africa, Laura Cornish, in this exclusive interview expatiate on the Democratic Republic of Congo’s (DRC) President Joseph Kabila signing of the revised Mining Code into legislation.   The news that President Joseph Kabila on recently signed the revised Mining Code into legislation. What does the new…

Energy Worth with Agency Report Following insistent allegations of over billing, the Jos Electricity Distribution Company (JEDC), has assured residents of plans its plan to install statistical meters on all transformers. The statistical meters, the managing director of the JEDC, Gidado Modibbo, said will bring an end to the suspicions in over billing by the…

The Transmission Company of Nigeria (TCN), has called for investment in distribution network lines nationwide. In a statement signed by its General Manager (Public Affairs), Ndidi Mbah, TCN said that the Nigeria Electricity Industry is still facing liquidity problems, and the only way that its rehabilitation and expansion programme can give maximum benefit to the…

OPINION Why are so many Nigerian homes still in the dark despite far-reaching reforms? In this fact sheet, we test the charge on Nigeria’s electricity challenge. Reliable electricity continues to elude many Nigerians despite a slew of policies and billions of naira in budget appropriations to improve supply. The country’s long-standing electricity deficit is persistently…

The latest report on the monthly remittances of monies collected by electricity distribution companies (Discos) has shown that the remittances of the companies have dropped to an all-time low of a paltry 8.33 per cent. The remittance performance report which was published by the Nigerian Bulk Electricity Trading Plc (NBET), also showed that five Discos…