Tag: Abubakar Aliyu

Meet Targets Or Face Penalties, Govt Reads Riot Act To DisCos, GenCos

Aliyu Aliyu

Power operators, including generating firms or GENCOs, the TCN and DISCOs have signed contracts with the government outlining specific amounts of electricity they will be offering customers   The Nigerian government has said that electricity companies that fail to deliver assigned volumes will face penalties under newly agreed contracts. The step will be taken as part of measures to boost power supply in the country, and explains the government’s recent assurance that supply will improve from July, power minister Abubakar Aliyu said Wednesday. READ ALSO: I Am Angry With State…

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Nigeria Gets 10 Substations, 10 Transformers From €62.9m Siemens Deal

ADEOLA YUSUF

Power Minister visits Siemens in Berlin and Frankfurt, Germany, gives update on PPI deals as finance counterpart rolls out how Buhari approved $1.9 million and €62.9 million for the deals   The Nigerian Government says it is expecting delivery of 10 Mobile Transformers and 10 Mobile Substations, from Siemens. This, according to a report by Platforms Africa,is under the first phase of the Presidential Power Initiative which the Federal Executive Council (FEC) approved to the tune of $1.9 million and €62.9 million in 2021. READ ALSO I Am Angry With…

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

Abibat Babalola

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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Why Nigerians Are Suffering Power Supply Reduction – Minister

Aliyu Aliyu

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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B’Haram: Nigeria Suffers N1.7bn Power Assets Vandalism in 9 mths  —Minister

Dawood Rabiu

Nigeria has suffered the loss of N1.7 billion revenues from January to September, 2021,  due to power loss buoyed by power infrastructure vandalism by the Boko Haram sect in Maiduguri, Northeast Nigeria. Platforms Africa reports that the country’s Minister of Power, Abubakar Aliyu, who declared this at a Town Hall Meeting in Maiduguri, organised to address vandalism of power and telecommunications infrastructure, maintained that the loss was suffered through the Transmission Company of Nigeria (TCN). The event organised by the Ministry of Information and Culture, was attended by Borno Governor,…

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