Category: Power

EKEDC reiterates excellent Service vows to customers on Eid-el-Fitr, beyond

ADEOLA YUSUF

  Eko Electricity Distribution Company (EKEDC) has promised to sustain its culture of excellent service to its customers during the Eid-el-Fitri holiday and beyond. The Company, which, in a goodwill message signed by its General Manager, Corporate Communications, Godwin Idemudia, felicitated with its customers on this year’s Eid-El-Fitr celebration, congratulated Muslims for the successful completion of the Holy Month of Ramadan, which marks the end of the fasting period. Idemudia said while the fasting may have ended, it is important to sustain the virtues, ideals, and values beyond the month of Ramadan, considering its immense benefit for us as individuals and as a community. “As we commemorate this year’s Eid-el-Fitr celebration,…

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EKEDC, Ikeja Electric 5-Year upgrades’ investments hit N215.68bn

ADEOLA YUSUF

  How power distribution firms’ spending plan got NERC’s nod + who will spend what     Two major players in electricity Distribution statum of the Nigeria’s power industry, Eko Electricity Distribution Company (EKEDC) and Ikeja Electric, have secured the nod of the Nigerian Electricity Regulatory Commission (NERC) to spend N215.68 billion in the next five years. NERC, which confirmed this in a document sighted by Platforms Africa, maintained that it approved a 5-year investments plan for upgrades by the two major firms based on outcome of Tariff review consultations, which…

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Nigerian Power Consumers read riot act to NERC, Discos on fresh tariff hike

ADEOLA YUSUF

  Groups of consumers mobilise against hike they describe as Illegal, unjustifiable, insist Nigerians even deserve electricity supply on credits, not tariff hike, to ameliorate their plights   Electricity consumers in Nigeria on Sunday “outrightly rejected” plans by the Nigerian Electricity Regulatory Commission (NERC) to review electricity tariffs for the 11 power Distribution Companies (DisCos), expected to lead to hike in the unit cost of power. The read riot act to NERC and DisCos to think of the consequence of such actions before embarking on it. Rising under two groups…

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Electrocution: IBEDC takes Safety Sensitisation to Motor Parks

ADEOLA YUSUF

  As the world commemorates the 2021 World Safety and Health Day, the Ibadan Electricity Distribution Company (IBEDC) has charged motorists on safety tips to avoid electricity hazards. The event tagged Domestic Safety Sensitisation was, according to a statement sent to Platforms Africa, held at Egbeda Interstates Motor Park, in Ibadan. In his address, the IBEDC Chief Operating Officer Mr John Ayodele, represented at the event by Mr Victor Ojelabi enjoined commercial motorists to adhere strictly to domestic safety regulations to avoid electricity hazards. He said “the park management system…

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Nigerians to pay more for Electricity as tariff hike, MYTO review loom

ADEOLA YUSUF

Fresh adjustment in the electricity tariff for electricity consumers in Nigeria is looming as the Nigerian Electricity Regulatory Commission (NERC) on Monday declared plans for the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies (DisCos). NERC, which is the regulator of Nigeria’s power sector, made this known on Monday in a notice to the general public and industry stakeholders posted on its website. The review  the commission said, was pursuant to the provisions of the Electric Power Sector Reform Act (EPSRA). According to NERC, extraordinary tariff reviews are…

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Nigeria, World Bank bicker on Country’s Electricity Supply Hour, Others

ADEOLA YUSUF

The Nigerian Government has rejected a survey conducted by the World Bank, questioning claims in the survey that 78% of power consumers in Nigeria get less than 12 hours of daily supply of electricity. The government’ which said this in a statement sent to Platforms Africa issued in Abuja on Sunday by the Special Adviser to the President on Infrastructure, Mr. Ahmad Rufai Zakari, argued that it was unclear what empirical evidence the World Bank used to arrive at the figures, insisting that power distribution to consumers is steadily improving.…

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Power Epilepsy lands Nigerian businesses in $58bn loss in 24 months

ADEOLA YUSUF

  6 Six in 10 of registered customers are not metered, and their electricity bills are not transparent and clear, World Bank says in damning report about Nigeria’s electricity sector   Businesses in Nigeria lost $58 billion in two years to power supply epilepsy. World Bank, which said this in an estimate about the OPEC country, which is the largest oil producer in Africa, maintained that businessmen in the country are losing each year around US$29 billion because of the unreliable power supply. “Businesses in Nigeria lose about $29bn annually because of…

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IMF carpets Nigeria’s power sector, says outages impediment to growth

ADEOLA YUSUF

  Cost of doing business in Nigeria is very high on account of famous recourse to highly inefficient and harmful generator use up and down the country – IMF   Nigeria will have to implement key reforms in its power sector if the country is to  record strong economic growth this year, the International Monetary Fund (IMF) has said. Director of the IMF’s African Department, Mr. Abebe Aemro Selassie, stated this at a press briefing on the release of the Fund’s latest  Regional Economic Outlook for Sub-Saharan Africa. Responding to a question…

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Nigeria suffers Nationwide Power outages, 17 power plants in disarray

ADEOLA YUSUF

    Nigeria, Africa’s biggest economy, has, again, been thrown into another nationwide power outages buoyed by sixteen thermal and hydroelectric plants that are now hit by serious problems. While eight of the plants have broken down,  one hdro is shut; seven integrated plants suffered gas constraint and one other hydro has water management problems. The Ministry of Power, Sale Mamman, who confirmed this on a statement to Platforms Africa on Thursday, maintained that he was “not unaware of the current power outages/shortages bedeviling many parts of the country.” The…

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