Category: Power

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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National Grid Collapses, Plunges Major Cities Into Darkness

ADEOLA YUSUF

The Nigerian electricity transmission system, popularly known as national grid, has collapsed, plunging major cities in the country into darkness. Platforms Africa reports quoting sources at the National Control Centre Oshogbo in Osun State that the grid failure occured at 1.49 pm. . The sources provided no information on the cause of the system failure or when power is expected to be restored. Meanwhile, distribution companies hace taken turns to inform their customers about the developments. Aba Power Ltd has notified consumers in its ring-fenced area covering nine local government…

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Metering And New Gold As Power Privatisation Clocks 10 Years – Kola Balogun

ADEOLA YUSUF

  In this no-holds-barred interview with PLATFORMS AFRICA, Chairman MOMASS Electricity Meters Manufacturing Company ( MEMMCOL), Engineer (Dr.) Kola Balogun, FNSE, opens up on 10 years of Nigeria’s power privatisation, metering value chain and the new gold. Excerpts;   What are the achievements of MEMMCOL within the last 10 years of post-privatization of the power sector? Momas Electricity Meter Manufacturing Company Limited (MEMMCOL) is the leading manufacturer in the downstream of the Power sector. We are duly recognized and certified as an Original Equipment Manufacturer (OEM) in the power sector…

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Use Approved e-Payment Channels, EKEDC Urges Customers Amid NLC Strike

ADEOLA YUSUF

The Eko Electricity Distribution Company (EKEDC) has urged its customers to make use of approved e-Payment Channels, amidst the Industrial action by the labour unions. Platforms Africa reports that the utility firm made this known in an official statement to electricity users under its catchment areas. READ ALSO: “They Beat Me o,” With Swollen Eye, Bruises, NLC President Speaks On Attack JUST IN: NLC, TUC Begin Nationwide Strike Midnight It’s Fake, TCN Denies Report On Grid Shutdown, Nationwide Blackout BREAKING: Nigeria’s ex-Finance Minister Is Dead ExxonMobil Is A Lithium Company…

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Nigeria’s Power System Debts To NDPHC Hits N180 Billion

ADEOLA YUSUF

  . Why Process For 10 NIPPS’ Sale Is Stalled   The debts profile of Nigeria’s power system to the Niger Delta Power Holding Company (NDPHC) is now between N150 billion and N180 billion. Platforms Africa reports that the Managing Director of the company, Mr. Chiedu Ugbo, who said this during a roundtable with journalists in Lagos, maintained that those who are owing the company include Nigeria Bulk Electricity Trading Company (NBET), while some debts are in the name of Central Bank of Nigeria (CBN),  maintaining that the debts did…

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EKEDC Deepens Legal Actions As Energy Theft, Meter By-Pass Surge In Lekki

ADEOLA YUSUF

“Now beyond our control,” What Dr. Sanda, customers said at the Lekki Customer engagement forum, which coincided with the EKEDC’s Energy Theft Awareness Week     Eko Electricity Distribution Company (EKEDC) has expressed concerns over the rising cases of energy theft, meter bypass, and unauthorized connections in the Lekki district of Lagos state and has therefore vowed to take legal action against individuals or groups caught engaging in the activities. Dr. Tinuade Sanda, Managing Director/Chief Executive Officer of Eko Electricity Distribution Company (EKEDC), made this known in a keynote address at…

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We Deployed 830,292 Meters In 10 Years – Ikeja Electric

ADEOLA YUSUF

Power utility firm flaunts feats as it clocks a decade of corporate existence   Utility firm, Ikeja Electric (IE), has declared that it “successfully deployed 830,292 meters to customers,” in the last 10 years. Platforms Africa reports that a statement by the company quoted its Chief Executive Officer, Folake Soetan, to have said this during an event to mark IE’s 10th anniversary. “Recognizing the importance of transparency and accountability, we successfully deployed 830,292 meters to our customers, giving them control over their energy consumption and fostering a sense of empowerment,”…

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Nigeria Mulls Improved gas Supply to NLNG, industrial, Domestic Users

ADEOLA YUSUF

  We’ll ensure regulatory, fiscal incentives in PIA are seamlessly delivered – Ekpo     Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has assured that the regulatory and fiscal incentives produced by the Petroleum Industry Act (PIA) would be seamlessly delivered to boost investments in the gas industry. This is as he has pledged improved gas supply for industrial, power, transportation and domestic purposes and the Nigeria Liquefied Natural Gas (NLNG) plant in Bonny, Rivers State. Platforms Africa reports that the minister, according to a statement by his spokesman,…

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Air Is a New Source of Electricity – Study

ADEOLA YUSUF

“Earth’s atmosphere is charged with electricity representing a potential renewable energy resource to help reduce dependence on fossil fuels,” details of the EU study on a century-old dream of air-sourced electricity   As the European Union strives for climate neutrality by mid-century, a mother-and-son-team is helping to tackle a potential hurdle: the limited number of renewable-energy sources driving the EU’s shift away from fossil fuels. Andriy Lyubchyk is a partner in the CATCHER project, which aims to expand a clean-energy mix by perfecting the conversion of atmospheric humidity into electricity.…

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EKEDC Begins Mass Metering of Customers, Promises Refund On MAP

ADEOLA YUSUF

Why we deployed cutting-edge technology to safely, sustainably and reliably supply electricity – Sanda opens up at the Customer Engagement Forum in Agbara, a suburb of Lagos.   The Eko Electricity Distribution Company (EKEDC) says all electricity consumers who paid for meters under the Meter Asset Provider (MAP) scheme will be refunded through a credit “token” within six months. Platforms Africa reports that the Chief Executive Officer, EKEDC, Dr Tinuade Sanda, gave the assurance during a Customer Engagement Forum on Thursday in Agbara, a suburb of Lagos. READ ALSO: Louis…

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