Tag Archives: Nigeria

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

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

Regulator threatens electricity firms for exploiting unmetered customers

Dissatisfied with the level of implementation of the Credited Advance Payment for Metering Implementation by majority of the power distribution companies, the Nigerian Electricity Regulatory Commission has said it will soon commence enforcement of compliance with the terms of of their operational license. Consequently, the Commission said on Thursday that the DISCOs have been given

DISCOs Get Deadline to Pay Debts for Procured Power

Defaulting electricity distribution companies in the country have been given up till tomorrow to Friday to pay up their outstanding debts or risk stiff sanctions. This notice was issued yesterday by the Nigerian Bulk Electricity Trading Limited (NBET), explaining that the debts covered outstanding payments for capacity and energy invoiced for February, March and April

Power Generation Rises to 3,874.96 MW

Nigeria’s power generation has recorded a new milestone by increasing from 3,655.12 MEGAWATTS HOUR/HOUR (MWH/H) it recorded last week to 3,874.98 MWH/H as at yesterday. The Presidential Taskforce on Power, which made this disclosure yesterday in its generation report, showed that power distribution has increased from 3,565.09 MWH/H to 3,773.90 MWH/H, which is far less

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Nigeria to Expect Tougher Times Ahead as Egbin Delivers 300MW

Following the significant decline in power supply witnessed across the country in the last couple of days and the untold hardship it has brought upon Nigerians, there are indications that the power situation is far from improvement. Vanguard learnt that power generation had dropped from 3,000 megawatts to about 2,988.72MW. In a telephone interview with Vanguard,

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Nigeria: US Embassy Saves N20m on Electricity Charges

The United States’ Ambassador to Nigeria, Mr. James Entwistle, on Wednesday explained how his office had been able to save N20m in electricity charges each year. Speaking at the Hubert Humphrey Fellowship Alumni Mentoring Series Earth Day Programme in Abuja, Entwistle noted that poor electricity supply was not helping the nation’s economic development efforts and

ELECT

Nigeria is in Talks with Rosatom for Nuclear Power Plants

Nigeria is in talks with Russia’s Rosatom Corp. to build as many as four nuclear power plants costing about $20 billion as Africa’s biggest economy seeks to boost generation and end daily blackouts. “A joint coordination committee is in place and negotiations are ongoing for financing and contracting,” Nigeria Atomic Energy Commission Chairman and Chief

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How Buhari Can Fix Electricity

Chineme Okafor writes that to meet the yearnings of Nigerians for sustainable power supply, the incoming government of Muhammadu Buhari, must build on existing reforms in Nigeria’s electricity industry to ensure its quick revitalisation In adopting electricity privatisation, the federal government perhaps viewed it as the best way to solve Nigeria’s long running electricity problem

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