Tag Archives: PTFP

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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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FG Sets Aside N200bn for Power Sector Liabilities

The Federal Government has set aside N200bn for the payment of outstanding market liabilities and financial obligations in the power sector. The Chairman, Presidential Task Force on Power, Mr. Reynolds Dagogo-Jack, said this in Uyo, Akwa Ibom on Friday while on an inspection tour of power projects in the state as well as Cross River

Gas Challenge Harming IPPs in Nigeria

With over 100 licences already given to interested investors for independent power projects (IPPs) in the country, a major common challenge facing many of the IPPs is gas supply in a country likened to an island of oil sitting on an ocean of gas. Over 100 applications for IPPs are awaiting approval, the Nigerian Electricity

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Power Sector, Critical To Nigeria’s Economy – Adefuye

The Nigeria’s Ambassador to the United States, Prof. Adebowale Adefuye, on Thursday said that power sector was critical to the Nigeria’s economy, stressing that it had adverse effects in all sectors of the country’s economy. Making this known while addressing participants at the Summit tagged ‘Navigating The Power Sector in Nigeria’ which was organized by

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Dagogo-Jack: We Will Build Competitive Recovery Model in Power Sector

(Source: This Day) Chairman, Presidential Taskforce on Power, Beks Dagogo-Jack, in this encounter with Festus Akanbi, responded to issues bordering on the frustrations of electricity consumers, saying the Federal Government and the regulators are bent on making the best out of the power sector privatisation Almost six months after the handover of power assets to

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Nigeria Pays WAPP for Gas Liquidation Damages

(Source: BusinessDay) Nigeria is currently paying liquidation damages to the West African Power Pool (WAPP) for its inability to meet its gas supply contract value to 14 of the 15 countries of the Economic Community of West African States (ECOWAS). Although the amount is not stated, Beks Dagogo-Jack, chairman, Presidential Task Force on Power, explained

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