Shittu Oluwadamilola – Abuja President Muhammad Buhari has approved the sum of N600 billion as another intervention fund for the power sector. The Market Operator, Transmission Company of Nigeria (TCN), Edmond Eje, disclosed this on Wednesday in Abuja, while speaking on the sidelines of the third MO interactive stakeholders’ forum. “The plan is at an…
By Oke Peter The Managing Director/Chief Executive Officer of the Niger Delta Power Holding Company Limited (NDPHC), Mr Chiedu Ugbo, has said the firm has completed 100 transmission and distribution projects across the country in the last four years. Chiedu disclosed this at the inauguration of a 2x60MVA, 132/33kV substation and associated 132kV transmission lines…
. 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…
The six-year electricity deal signed by the Federal Government and Germany-based Siemens AG in July will cost more than N1.15 trillion to execute. The Punch has reported. The three-phase Nigerian electrification project which aims to achieve 25,000 megawatts of electricity in the country by 2025 will require more than N1.15 trillion to execute, according to…
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, is to lead other team of discussants to analyse topical issues in oil and gas industry at the 2019 edition of the Association of Energy Correspondents of Nigeria (NAEC) annual conference. The event, which is scheduled to hold at the…
Leading Electricity Distribution Company, Ikeja Electric Plc (IE) has fully commenced the roll out of meters under the Meter Asset Provider (MAP) scheme, to all unmetered customer across its network. In the first phase, which culminated at the end of July, metering was restricted to only customers in Ikorodu, Abule-Egba and Shomolu Business Units. However,…
