Press Releases
BLACKOUT WORSENS AS POWER GRID COLLAPSES AGAIN
The national electricity grid collapsed again yesterday barely 24 hours after it was restored. The last system collapse occurred between 5pm and 6pm after the grid generation had earlier dropped from 3000 megawatts to 1758 megawatts leaving just 12 generation...
WITH WORSENING POWER SUPPLY, RISING PRICE OF DIESEL, OPS FORESEES TOUGH ECONOMIC ENVIRONMENT
The Organised Private Sector, OPS, comprising the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the Lagos Chamber of Commerce and Industry (LCCI) and Manufacturers Association of Nigeria (MAN), have said the current energy...
REPS GRILL NERC OVER NON-REMITANCE OF OPERATING SURPLUS TO RURAL ELECTRIFICATION AGENCY
The House of Representatives Committee on Public Accounts yesterday, grilled the Chairman, Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba and the Executive Commissioner in charge of Finance, Nathan Shatti over the non-remittance of operating surplus...
NERC URGED TO CAUTION IKEJA ELECTRIC OVER EXORBITANT ESTIMATED BILLING
The management of Tong-Da Industries Limited has urged the Nigerian Government as well as the electricity regulatory body, Nigerian Electricity Regulatory Commission (NERC), to save its factory from going under over the alleged exorbitant estimated billing given to...
POWER SECTOR ON THE BRINKS OF COLLAPSE OVER LOW GRID, 14 IDLE PLANTS
All appears not well with the Nigerian power sector as strong indications have shown it’s now heading for the rocks. Recent developments in the sector suggest the blame game among players in the electricity value chain have intensified in the last few weeks, leaving...
GENCOs: NATION IN DARKNESS BECAUSE WE ARE OWED N1.6TRN SINCE 2013
Power Generation Companies (GENCOs) under the Association of Power Generation Companies (APGC) yesterday stated that the power supply situation in the country was worsening because they were owed over N1.6 trillion since 2013. Source:...
ENDLESS COLLAPSE OF POWER GRID
Recent disruptions of the transmission line between Akwa Ibom and Cross River states which caused the collapse of the national power grid twice within four hours have been blamed on vandals. Beyond the fact that the country has experienced grid failure several times...
DON’T FIX TRANSFORMERS, OTHERS FCCPC TELLS CONSUMERS
The Federal Competition and Consumer Protection Commission has said electricity consumers are not responsible ‘to purchase, replace or repair transformers, poles or other associated equipment used in the distribution of electricity’ Source:...
STILL ON MAMBILLA HYDROPOWER PROJECT
The importance of the Mambilla hydropower project both short and long term cannot be over emphasized especially during tough economic times locally, regionally and globally. Source: https://dailytrust.com/still-on-mambilla-hydropower-project
‘ONLY NIGERIA HAS 200M PEOPLE WITH POOR ELECTRICITY’
An expert, Dr Onuoha Nnachi, has said Nigeria is the only country with over 200 million population but with a national grid with less than 10,000 megawatts (MW) electricity capacity. Source: https://dailytrust.com/only-nigeria-has-200m-people-with-poor-electricity
FG LAMENTS ATTACKS ON PUBLIC INFRASTRUCTURE, URGES NIGERIANs TO PROTECT POWER ASSETS
THE FEDERAL GOVERNMENT HAS URGED Nigerians to rise and consciously protect Nigeria’s public infrastructure, especially against the backdrop of recent vandalism of transmission lines leading to national grid collapses. Source:...
NERC: WHY DISCOs ARE UNABLE TO RAISE MONEY FOR CAPITAL SPENDING
The Nigerian Electricity Regulatory Commission (NERC) said yesterday that the inability of the Distribution Companies (Discos) to approach Nigerian banks to raise funding for capital projects was partly responsible for the current inefficiency in the power sector....
FG PUSHES POLICY TO GENERATE 4,500MW ELECTRICITY DAILY
The federal government has renewed efforts to implement the Power Sector Recovery ProgramMe (PSRP) launched in 2017 as it sets a new benchmark of delivering an average generation of 4,500 megawatts per hour (MWh/h) on the national grid daily. Source:...
BE RESPONSIBLE TO YOUR CUSTOMERS, NIGER GOVT TELLS AEDC
Niger State government has asked the Abuja Electricity Distribution Company (AEDC) to be more responsive to its customer and attend their complaints as and when due. Source: https://dailytrust.com/be-responsible-to-your-customers-niger-govt-tells-aedc
REPORT: NIGERIA WILL REQUIRE $100BN IN 20 YEARS TO FIX POWER SUPPLY CHALLENGE
A new report by Financial Derivatives Company (FDC) Limited, a research firm which provides insights for investment decisions, has disclosed that Nigeria will require about $100 billion funding spread across the next 20 years to solve its electricity supply challenges...
BLACKOUT WORSENS AS POWER GRID COLLAPSES AGAIN
The national electricity grid collapsed again yesterday barely 24 hours after it was restored. The last system collapse occurred between 5pm and 6pm after the grid generation had earlier dropped from 3000 megawatts to 1758 megawatts leaving just 12 generation...
WITH WORSENING POWER SUPPLY, RISING PRICE OF DIESEL, OPS FORESEES TOUGH ECONOMIC ENVIRONMENT
The Organised Private Sector, OPS, comprising the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the Lagos Chamber of Commerce and Industry (LCCI) and Manufacturers Association of Nigeria (MAN), have said the current energy...
REPS GRILL NERC OVER NON-REMITANCE OF OPERATING SURPLUS TO RURAL ELECTRIFICATION AGENCY
The House of Representatives Committee on Public Accounts yesterday, grilled the Chairman, Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba and the Executive Commissioner in charge of Finance, Nathan Shatti over the non-remittance of operating surplus...
NERC URGED TO CAUTION IKEJA ELECTRIC OVER EXORBITANT ESTIMATED BILLING
The management of Tong-Da Industries Limited has urged the Nigerian Government as well as the electricity regulatory body, Nigerian Electricity Regulatory Commission (NERC), to save its factory from going under over the alleged exorbitant estimated billing given to...
POWER SECTOR ON THE BRINKS OF COLLAPSE OVER LOW GRID, 14 IDLE PLANTS
All appears not well with the Nigerian power sector as strong indications have shown it’s now heading for the rocks. Recent developments in the sector suggest the blame game among players in the electricity value chain have intensified in the last few weeks, leaving...