FG to sell five power plants for $1bn
the cost of the plants should exceed $5bn based on international benchmark
Tag: BPE
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Nigeria’s hydropower untapped despite 14,120MW exploitable capacity
The International Hydropower Association had noted that while Nigeria’s total installed capacity is 12,522 MW, not including off-grid generation, of which 2,062 MW is hydropower, the total exploitable potential of hydropower is estimated at over 14,120 MW, amounting to more than 50,800GWh of electricity yearly.
After spending over $8bn on Ajaokuta, Nigeria imports N837bn steel
According to the National Bureau of Statistics, Africa’s most populous nation brought in basic metals, iron, and steel products with 6000mm in width, rolled, painted, varnished, and coated with plastics within the six-month period.
Governors set to review FG’s proposed privatisation of 10 power plants
Describing the 10 NIPP plants under the management of the Niger Delta Power Holding Company of Nigeria, as “critical national assets,” the governors said they had resolved to assess the plan to privatise the facilities.
Is this the beginning of the end of oil and gas exploration?
In previous energy downturns, prices frequently experienced serious slumps, but oil and gas companies mostly kept faith in their biggest asset: Oil and gas reserves buried deep in the ground. But things are markedly different this time around.
Concern as FG set to take over Discos, return investors’ N736bn
. Oke Peter with Agency ReportThere are strong indications that the Federal Government is considering repossession of 10 electricity distribution firms as one of the options to rescue the nation’s beleaguered electricity industry. This is coming ahead of the scheduled final performance review of the private firms that bought into the distribution companies carved out…