Category: Power

NNPC, CMEC, GE ink multi-million dollars power deal

ADEOLA YUSUF

The deal is to provide an emergency power to Maiduguri, Northeast Nigeria, after series of bombing by Boko Haram insurgents disconnected the city from the national grid.   A significant step towards redeeming the pledge by the Nigerian National Petroleum Corporation (NNPC) to intervene in the perennial electric power supply challenge in Maiduguri, Borno State, was taken Tuesday with the execution of the Engineering, Procurement, and Construction (EPC) and Equipment Procurement contracts for an Emergency Power Project in Maiduguri. Platforms Africa reports that the deal is to provide an emergency…

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Okunbo extremely pivotal to IBEDC establishment, firm mourns pioneer Director

ADEOLA YUSUF

The Board, Management and Staff of Ibadan Electricity Distribution Company (IBEDC) Plc with a heavy heart announce the untimely passing of our esteemed investor and pioneer Director, Captain Dr. Idahosa Wells Okunbo which sad event occurred on the 8th of August 2021 in the United Kingdom at the age of 63. A statement signed by the Chairman of the Board of Directors of IBEDC, Dr. Olatunde Ayeni noted that, late Captain Okunbo with his sagacious business acumen was extremely pivotal to the establishment of IBEDC and was very involved in…

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Ikeja Electric deepens billing transparency, launches App for payments history

ADEOLA YUSUF

Nigeria’s power utility investor, Ikeja Elctric, publishes contact details of all business managers, gives reasons for action     One of the major electricity utility firms that connect Lagos, Nigeria’s commercial capital, to the national grid, Ikeja Electric (IE), has deepened the billing transparency for its customers as it officially launched a Mobile Application (App) to expose their tariff classes and payments history, among others. Chief Executive Officer (CEO), Ikeja Electric, Mrs. Folake Soetan, who led the team of IE managers at the launching of the App at the headquarters…

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Senate Mulls Support for Ikeja Electric’s N70.96Bn Debt Recovery

ADEOLA YUSUF

The Senate Committee on Privatization and Commercialization has promised to assist Ikeja Electric recover over N70.96 billion customer debt. Platforms Africa reports that the Committee which was on oversight visit to the company, commended the DisCo for improved service delivery and innovative ideas. READ ALSO: Ikeja Electric Inducts 20 Young Engineers, Deepens Nigeria’s Power Sector Human Capital Dev. Customer stabs Ikeja Electric Staff on duty, faces prosecution Nigerians’ Annual Spending on Fuel Hits ₦2.129 trn UNILAG Plunged Into Darkness As EKEDC Disconnected Varsity Over ₦200m Debt  The Committee’s Chairman, Senator…

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UNILAG Plunged Into Darkness As EKEDC Disconnected Varsity Over ₦200m Debt

ADEOLA YUSUF

THE Eko Electricity Distribution Company (EKEDC) has thrown the University of Lagos (UNILAG) Akoka, Yaba, Lagos into darkness over unpaid debt of about N200 million it billed the university for electricity consumption. The university authorities, however said that the institution has dutifully never failed to settle its electricity bill on a monthly basis, claiming it has paid up to June 2021. READ ALSO: COVID-19: UNILAG shuts student hostels indefinitely Meet Abigail Ogwezzy-Ndisika, UNILAG first female Professor of Mass Comm Nigerian Doctors begin nationwide ‘total, indefinite’ strike Monday According to the…

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National grid suffers 3rd Collapse in 5 months, Darkness Rocks Nigeria FCT

ADEOLA YUSUF

The grid has collapsed more than 128 times since the nation’s power sector was privatised in 2013   The Nigeria’s electricity transmission system also known as the Nationa grid today, Wednesday July 28, suffered the third major collapse in the last five months. Platforms Africa gathered that the partial collapse which rocked the grid on Wednesday plunged the Abuja, Nigeria’s seat of power and other major cities into darkness. The last time the system sufferef this similar fate was on Wednesday, May 12, an incident that lasted for 6 hours…

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BREAKING: Nigeria’s Electricity Market debts to Egbin Power hit N388bn

ADEOLA YUSUF

Sub-sahara Africa’s biggest power plant, Egbin Power Plc, mulls $3bn post-privatisation investment cap; $1bn already spent, $2bn for expansion plan     The debts which the Nigeria Electricity market is owing biggest power plant in Sub-Sahara Africa, Egbin Power Plc, has hit N388 billion. Platforms Africa reports that the Director, Egbin Power, Mr. Kola Adesina, who declared this when the Senate Committee on Privatisation and commercialisation paid a facility visit to the plant in Egbin, Lagos, maintained that the debt that the Nigeria Bulk Electricity Trader (NBET) is owing the…

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Ikeja Electric Inducts 20 Young Engineers, Deepens Nigeria’s Power Sector Human Capital Dev.

ADEOLA YUSUF

  Nigeria’s largest Electricity Distribution Company, Ikeja Electric (IE), has deepened investment for the country’s human capital development as it inducted 20 young Engineers into a 12 months comprehensive developmental programme. Platforms Africa reports that the programme is targeted at young, dynamic, self-motivated and highly driven young talent to improve their capacity and practical field practice experience. The programme, which is in its sixth edition, is known as the Young Engineers’ Programme (YEP). Speaking at the induction ceremony, which took place Thursday, July 1, 2021 in Lagos, the Chief Executive Officer of…

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Fenix International announces name change to ENGIE Energy Access Nigeria

ADEOLA YUSUF

Fenix International, a leader in Nigeria’s pay-as-you-go (PAYGo) solar industry, has announced the change of name to ENGIE Energy Access Nigeria. Platforms Africa reports that the announcement of a new name for the company with operations in 11 states across Nigeria (Lagos, Kwara, Oyo, Kogi, Enugu, Ebonyi, Benue, Plateau, Nasarawa, Ondo and Niger), was made at a press conference held in Lagos, Nigeria’s commercial capital.   READ ALSO: BREAKING: How We Arrested IPOB leader, Nnamdi Kanu – Nigerian Govt + PHOTOS Imam Shot Dead, 12 Children, Others Injured as Masquerades…

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Nigeria suffers N10trn losses to Power Epilepsy in 12 Months—World Bank

ADEOLA YUSUF

  Despite various interventions by the Federal Government to improve power supply in the country, a recent World Bank report has revealed that annually, Nigeria’s economy still loses between N7 trillion and N10 trillion to epileptic power supply. It said the total sum represents 5-7per cent of the country’s GDP. The report obtained by Platforms Africa was released on June 16 by the World Bank under the Power Sector Recovery Programme to flag the new Nigeria Development Update (NDU).   READ ALSO: Cracks Rock Nigeria Fuel Marketers’ Group Over Planned…

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