Category: Power

Nigeria Spends N1.3trn To Help GenCos, DisCos In 14 Yrs – Minister

ADEOLA YUSUF

How Nigeria paid $137 million in two years for gas and electricity that were never used in the “take or pay deal”   The Nigerian minister of finance, budget and planning, Zainab Ahmed, has said that the country has spent N1.3 trillion as intervention fund in the power sector between 2007 and 2021 without significant result. The money was approved in 2017 to tackle the monthly liquidity challenges faced by GenCos, as the distribution companies (DisCos) keep defaulting in paying for the monthly invoice of electricity received. READ ALSO: I…

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Electricity Tariff Hikes: How Labour Leaders Betrayed Nigerians – Group

ADEOLA YUSUF

The leadership of Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria(TUC) have betrayed Nigerians for allowing the Nigerian Government to withdraw electricity subsidy in the country, Coalition for Affordable and Regular Electricity (CARE) has said. Platforms Africa reports that the group, in a statement, stated that action of the union leaders is a punishment for hundreds of thoussnds of workers in the country who will now forcefully pay higher tariffs twice yearly as power companies now have the liberty to hike tariff periodically Coordinator of the group,Chinedu…

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NBC Ltd Mulls 15m Euro Investments in Solar Plants Across Nigeria

ADEOLA YUSUF

Nigerian Bottling Company Limited, NBC, is set to invest 15 million Euro in Solar Plants across Nigeria in line with its renewable drive initiative. Platforms Africa reports that the Managing Director, NBC, Matthieu Seguin stated this during the Media Tour at NBC Ikeja Plant on Wednesday in Lagos. “NBC is part of the Coca-Cola Hellenic Bottling Company group, CCHBC, which has an uncompromising commitment to minimize our environmental footprint whilst enriching the communities where we operate”, he said. READ ALSO: Meet Benjamin Olowu, First Graduate With 4.97 CGPA in Lagos…

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Electricity Tariff Review Looms, NERC Insists Action Statutory Every 6 Months

ADEOLA YUSUF

GenCos, NBET Bickering Degenerates, generation firms lampoon bulk traders   The Nigerian Electricity Regulatory Commission (NERC) will conduct a minor tariff review every six months to reflect the economic situation, especially the disparity between naira and other major currencies, specifically the dollar. NERC Chairman, Sanusi Garba, who disclosed this on Thursday said that the commission was not implementing tariff review in secrecy. Speaking at a media briefing in Abuja, Garba said: “We will adjust the rate every six months to take care of the foreign exchange component of costs, and…

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JUST IN: National Grid Collapses Again 2nd Time in 24 hours, 3rd in 2022

ADEOLA YUSUF

Less than 24 hours after the National Electricity Transmission System generally known as the national grid was restored, the grid has collapsed again on Tuesday. Platforms Africa reports that this grid collpase, which occured around 5:10 pm today, Tuesday March 15, is the second in 24 hours and the third collpase this year. It would be recalled that the national asset has earlier collapsed on Monday, March 14, plungung the entire country into blackout. READ ALSO: BREAKING: National Grid Collapses, Plunges Nigeria Into Darkness I Am Angry With State of…

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Egbin Addresses Power Sector’s Brain Drain, Inducts 30 Trainee Engineers

ADEOLA YUSUF

Trainee Engineers are to sustainably drive human capital transformation in the power sector – Adesina In line with its commitment to sustainably drive human capital transformation in the power sector, Egbin Power Plc, Africa’s largest privately run thermal plant has inducted 30 young graduate engineers into an intensive power generation program at the Energy Training Centre. Egbin, a subsidiary of the Sahara Power Group, has so far inducted over 200 graduate trainee engineers as it continues to “proactively, responsibly and sustainably shape Nigeria’s power narrative for socio-economic advancement and industrialization,”…

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Meet Dr. Tinuade Sanda, EKEDC First Female Deputy CEO

ADEOLA YUSUF

The Eko Electricity Distribution Company (EKEDC) has appointed Dr. Tinuade Sanda as the Deputy Managing Director of the Company. Platforms Africa reports that Sanda is the first female to be appointed as the deputy CEO in the history of the utility firm. Prior to her appointment, Sanda was the chief accounting officer, a position she occupied since 2013. READ ALSO: BREAKING: National Grid Collapses, Plunges Nigeria Into Darkness I Am Angry With State of Nigeria’s Power Sector – Buhari Why We launched Energy Club For Lagos School Girls – EKEDC…

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UK To Help Ukraine With 500 Generators As War Plunges Nation Into Darkness

ADEOLA YUSUF

Prime Minister Boris Johnson has said the United Kingdom will supply Ukraine with more than 500 generators. The generators, BBC reports, will provide energy for essential services, including shelters and hospitals. They will also supply enough energy to power 20,000 homes. Platforms Africa reports that 5this announcement came after Ukraine’s President Volodymyr Zelensky made a direct request to the UK for the generators. READ ALSO: Russia-Ukraine war: Something Going Through the Mind of Xi Jinping JUST IN: Shakhtar Donetsk Coach Killed In Russia Invasion of Ukraine Ukraine President Says Country…

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Why Nigerians Are Suffering Power Supply Reduction – Minister

ADEOLA YUSUF

Abubakar Aliyu blames erratic power supply on reduction of hydro capacity   The Nigerian Government has blamed the erratic power supply in Abuja and some parts of the country on a reduction in hydro capacity owing to the dry season. The Minister of Power, Abubakar Aliyu, said this during the weekly ministerial briefing on Thursday. He explained that overload on the nation’s power plants, maintenance work in the eastern region of the country, and challenges in the Okoloma Gas Station have inhibited the units from reaching optimum supply. READ ALSO:…

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Nigeria’s Domestic Gas Demand, Requirement Hit 4.482bn scuf daily – NMDPRA

ADEOLA YUSUF

2.324bn scuf/day for power, 1.125 bn scuf/day for gas-based industries; 1.034 bn scuf/daily for commercial sector, Nigerian Midstream and Downstream Petroleum Regulatory Authority releases annual domestic gas demand requirement   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has released new Domestic Gas Demand Requirement (DGDR) putting the total demand requirement at 4.482 billion standard cubic feet daily. Platforms Africa reports that a statement by the Authority Chief Executive (ACE) in Abuja yesterday, explained that the requirements were jointly determined by all the relevant stakeholders. According to the requirement,…

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