Category: Power

Stakeholder Faults $2bn Turnover Requirement For P’H Refinery Concession

ADEOLA YUSUF

A former Group General Manager of Planning at the defunct Nigerian National Petroleum Corporation, Babajide Soyode, has said no private operator would be ready to take over the Port Harcourt Oil Refining Company from the government for $2bn. Soyode stated this in an interview with our correspondent in Lagos. The chemical engineer wondered why the Nigerian National Petroleum Corporation Limited would demand that an operator must have $2bn to acquire the newly rehabilitated oil refinery. Platform Africa reports that the NNPCL said it was seeking to engage reputable and credible…

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NERC Issues New Power Generation, Distribution Licences

ADEOLA YUSUF

The Nigerian Electricity Regulatory Commission has issued two power licences to the Alaro Connect Free Zone Enterprise at Alaro City in Epe, Lagos State. The licences would allow the enterprise to generate and distribute electricity within the free zone. The NERC made this known in a statement on its X handle on Monday. READ ALSO: Kwara First State To Key Into SABER Budgeting Template Officers On Stop-And-Search Must Be In Uniform – Force PRO  Suspected Killer Of Nabeeha Arrested According to the commission, the purpose of the first licence is…

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Divorced, Remarried During PhD, Untold Story of Aminat Ige, UNILAG Best Thesis Winner

ADEOLA YUSUF

From the horse’s mouth: Marital turbulence, mental health issues, armed robbery attacks, full tale of tough trouble, challenges and eventual victory of a LASU female maths lecturer.     The University of Lagos (UNILAG’s) overall best doctorate of Philosophy Ph.D student in Mathematics, Dr. Ige Aminat Olawunmi, has revealed how she experienced marital turbulence while pursuing her academic dreams. Ige, who was cynosure of eyes during the 54th convocation ceremony held, on Thursday, disclosed how she suffered divorce and remarried during her academic voyage. “On this Phd program, I got…

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Ikeja Electric Reiterates Commitment To Improved Service Delivery

ADEOLA YUSUF

Ikeja Electric Plc (IE) has reiterated its commitment to optimising a collaborative approach to stakeholder management. The company, which according to a statement by Kingsley Okotie, Head, Corporate Communications, said this during the first virtual stakeholder/customers engagement session for the year 2024. maintained that the move was in order to ensure the sustainability of its business operations in 2024 and beyond. The company also used the event to express profound appreciation to customers who have been steadfast in their support and constructive criticisms while complaints and challenges were addressed and…

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Six Things To Know About New Electricity Tariff

ADEOLA YUSUF

The Nigerian Electricity Regulatory Commission (NERC) has released a new Multi Year Tariff Order (MYTO) stating new guideline for tariff. Platforms Africa, which reported this earlier on Thursday, observed misrepresentation in reports on the MYTO while many Nigerians seek proper understanding of what this means to their daily power transactions with DisCos. Though the latest Multi Year Tariff Order (MYTO) issued by the commission approved a hike in the tariffs upto 35 per cent for DisCos effective 1st of January 2024, it stated clearly that the burden would be shouldered…

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‘DisCos Can’t Hike Bill For Customers,’ NERC Freezes Allowable Tariff

ADEOLA YUSUF

. Okays 35% increase payable through government’s subsidy as it releases new MYTO “(Allowable) tariff frozen for all customers at the rates payable since December 2022, while government pay more on subsidy. In all, the DisCos will still smile to the bank. “   The Nigerian Electricity Regulatory Commission (NERC) has frozen tariffs from customers to the eleven distribution companies (DisCos) at the rates payable since December 2022. Platforms Africa reports that though the latest Multi Year Tariff Order (MYTO) issued by the commission approved a hike in the tariffs…

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Why NERC Sacked Kaduna Disco’s Board + The N100bn Debts Deal

ADEOLA YUSUF

The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company plc (KAEDC)  because it has failed to offset a debt of N110 billion owed the Nigerian Bulk Electricity Trading Plc (NBET) and the Market Operator (MO). The final sack of the KAEDC board is coming about nine months after the electricity sector regulator notified the company of its intention to “cancel its licence” after 60 days, at the time, over its growing liabilities. According to NERC, after a performance review, the Disco only achieved a…

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Ill-Fated Plane That Flew Power Minister To Ibadan Violated Rules – NSIB

ADEOLA YUSUF

Here are findings by the Nigerian Safety Investigation Bureau as more questions are being raised on why Adebayo Adelabu, a Nigerian minister who escaped death by the whiskers, blatantly denied the accident   The Nigerian Safety Investigation Bureau (NSIB) has revealed that the plane crash involving Flints Aero conveying the Minister of Power Adebayo Adelabu from Abuja to Ibadan, Oyo State, last month violated the permit regulation of non-commercial flight. Platforms Africa, which broke the news reported that the minister denied the plane crash, tagging it “all lies.” Meanwhile in…

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Egbin Plant Shuts Down, Sinks Nigeria’s Power Generation by 676 MW

ADEOLA YUSUF

Why West Africa’s biggest electricity plant will be shut for three days – TCN   Nigeria’s electricity generation on Monday dropped by 676MW as Egbin power plant shut down for maintenance. Platforms Africa reports that a notice issued by the Transmission Company of Nigeria (TCN) read that the station was shut down as at 11:13 hours of 18th December 2023, to allow the Nigeria Gas Company (NGC) to maintain a linking gas pipeline supplying gas to Egbin Power Station. READ ALSO: TotalEnergies Ends Routine Flaring In Nigeria, Reiterates Fresh $6bn…

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Electricity Subsidy Gulps N376bn, Consumers Pay N783bn

ADEOLA YUSUF

The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday. The latest power subsidy figures obtained in Abuja from the Nigerian Electricity Regulatory Commission, an agency of the Federal Government, showed that the government subsidised electricity in the first, second and third quarters of 2023. It was also gathered that power distribution companies billed electricity users a total of N1.06tn nationwide during the nine-month period, but…

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