Tag Archives: PPA

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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

Power Bulk Trader to Cut PPAs Negotiations Timeline to Six Months

The Nigeria Bulk Electricity Trading (NBET) Plc said it has made some major improvements in the content of Power Purchase Agreements (PPAs) to be negotiated and deployed by potential investors for setting up greenfield power generation plants in Nigeria. NBET,  which is also referred to as the bulk trader, procures bulk electricity from generation companies

NBET’s $800m Capitalisation to Ensure Integrity in Nigeria’ Electricity Supply Industry

Wonodi, NBET CEO, said it will ensure growth in power generation to drive down retail price, reduce technical and commercial losses to maximise power delivery and improve revenues of the distribution companies while equally guaranteeing aggressive investment in transmission infrastructure to improve wheeling capacity, stability and reach of network.

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