Author Archives: Nextier Power

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Gas Supply, Electricity Billing Stalls Nigeria Power Sector, Two Years After Privatization

Gas Supply, Electricity Billing Stalls Nigeria Power Sector, Two Years After Privatization

Two years into the privatisation of the power sector, electricity supply in the country continues to hover between 3,500 megawatts and 4,500 megawatts, as was the case before the unbundling of the defunct government-owned Power Holding Company of Nigeria. The nation’s power sector, which was largely handed over to private investors on November 1, 2013, is

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Power Supply: 39 billion naira Debt Threatens Operation of Egbin Power Plant

The chairman of Egbin Power Plc, Mr. Kola Adesina, on Monday raised the alarm that a debt of N39 billion owed by the Federal Government to the Egbin Power Station for the power it generated into the national grid since November 1, 2013 to date has created liquidity crisis that is hampering optimal operation of

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Seven Energy Seals $200M World Bank Gas Financing Deal

Independent integrated oil and gas development, production and gas distribution company, Seven Energy, has concluded a $200 million gas development deal with the World Bank. The Multilateral Investment Guarantee Agency (MIGA), a political risk insurance and credit enhancement arm of the World Bank Group, said the deal is its first engagement in Nigeria’s gas sector.

UK’s Energy Africa to boost solar power in Nigeria

The Nigerian Vice President, Yemi Osinbanjo has signed an agreement with the UK government to increase the deployment of solar energy in West Africa and other rural communities. The signing follows the launch of the UK’s Energy Africa access campaign in October recently, which is designed to help the continent achieve universal energy access by

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Renewable Energy to generate 2, 000mw of electricity in 2020

The Nigeria Electricity Regulatory Commission (NERC) has stated that through regulation, the renewable energy would generate 2, 000mw of electricity in the year 2020 According to the statement from NERC Public Relations Affairs, “the law, Feed-in Tariff Regulations for Renewable Energy Sourced Electricity in Nigeria”, was approved at the last regulatory meeting of the Commission.

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Power Nigeria confab holds in Lagos, 3rd November 2015

STAKEHOLDERS in the power sector are set to gather at the forthcoming Power Nigeria conference slated for November 3-5, 2015 at the Eko Hotels, Victoria Island, Lagos. According to the organisers, the fourth edition of the conference and exhibition has already recorded 14 per cent increase in both exhibitor numbers and floor space, as conglomerates

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India to sign agreement with Bangladesh for power supply

India will sign an agreement with Bangladesh on November 27 for selling 100 MW power from Tripura’s Palatana power project in Gomati district, a Tripura minister said today. “Bangladesh wants to start buying power from December 16, to mark the country’s Bijoy Diwas (Victory day). The decision to sell power from the 726 MW gas-based

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