Category: Power

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that prepaid meters will soon flood the market with the licensing of 87 Meter Asset Providers (MAPs). With this development, there is going to be an increase in the bills to be paid by electricity consumers in the country who get new meters under the latest regulation….

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…

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…

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…

The Minister of Power, Works and Housing, Mr Babatunde Fashola, says that the country now has the capacity to generate not less than 7,000 Megawatts (MW) of electricity. Fashola, who was responding to questions on the News Agency of Nigeria (NAN) Forum in Abuja, also said that transmission chain had also developed capacity to transmit…

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…