Business Power & Energy

NNPC to create 1 million jobs, establish bio-fuel plant in Ondo

Ihesiulo Grace 1 November 2017 0

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65,000 million litres bio-fuel plant in Okeluse, Ondo State. The NNPC Group Managing Director (GMD), Dr Maikanti Baru, said this when he received Ondo

Power & Energy World

Germany To Pay Electricity Users Because It Generated Too Much Power

Ihesiulo Grace 31 October 2017 0

German power producers are poised to pay customers to use electricity this weekend. Wind generation is forecast to climb to a record on Sunday, creating more output than needed and driving electricity prices below zero, broker data compiled by Bloomberg show. It would be the first time this year that the average price for a […]

Power & Energy

How FG plans to increase power generation to 20,000 MW

Ihesiulo Grace 27 October 2017 0

The Federal Government said on Friday that its plan to generate 20, 000 megawatts of electricity over the next four years was on course. The Minister of State for Power, Alhaji Mustapha Shehuri, gave the assurance in Funtua, Katsina State when he inaugurated a 132/33 KV transformer that would boost power supply to local governments […]

Headlines News Power & Energy

FG To Sell Discos To New Investors – Zainab Mohammed

Ihesiulo Grace 13 October 2017 0

The federal government has commenced negotiations with operators of the Electricity Distribution Companies (DisCos) with a view to ceding some of their shares to accommodate new investors who would bring in more funds to increase their service delivery. The Minister of State for Budget and National Planning, Mrs. Zainab Mohammed, disclosed this at the end […]

News Power & Energy

‘More than 50 million’ Nigerians have no electricity

Ihesiulo Grace 10 October 2017 0

More than 50 million people in Nigeria, out of a population of about 180 million, have no access to electricity, Vice-President Yemi Osinbajo has said. Speaking at the Financial Times Africa Summit in London yesterday, he said the government had embarked on measures to improve electricity access – including providing solar power to 20,000 homes […]

Energy News Power & Energy

Nigerian government set to concession Ajaokuta Steel Company for second time

Ihesiulo Grace 4 October 2017 0

The Minister of Mines and Steel Development, Kayode Fayemi has said the Federal Government is set to concession the Ajaokuta Steel Company in Kogi State for a second time The Minister made this known during an interview with State House correspondents after he and the Ondo State Governor, Rotimi Akeredolu, met President Muhammadu Buhari at […]

Energy Power & Energy

Are You Among Those To Pay N450,000 Fine To PHCN?

Ihesiulo Grace 3 October 2017 0

Electricity consumers who bypass their meters will be forced to pay up to N450,000 as fine, the Nigerian Electricity Regulatory Commission has declared. The Nigerian Electricity Regulatory Commission is not smiling at all. The commission has announced that henceforth the penalty for bypassing a meter ranges from N50,000 to N450,000. According to NERC, these financial […]

Power & Energy

Electricity: 2,000 Mega-watts Generated Not Distributed To Nigerians

Ihesiulo Grace 19 September 2017 0

Two thousand mega watts of electricity generated into the national is not distributed to consumers, according to Mr. Louis Edozien, Permanent Secretary, Federal Ministry of Power, Works and Housing. “The national grid produces about 6,600 mega-watts of electricity from the 750,33KV trading points, but less than 4,600 mega-watts get distributed to the consumers,” Edozien

Headlines News Power & Energy

Electricity Workers Threaten Strike, Nationwide Power Outage Looms

Ihesiulo Grace 18 September 2017 0

Barring any change in stance, Nigeria may soon be thrown into darkness should electricity workers, on the platform of National Union of Electricity Employees, NUEE, make good of threats to join the impending nationwide strike. FINANCAL WATCH learnt The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, yesterday said loading of products, including aviation […]

Opinion Power & Energy

DISCOs are the most corrupt and arrogant entities in Nigeria

Ihesiulo Grace 7 September 2017 0

Nigerians are being exploited, cheated and robbed by the electricity distribution companies, and what should be rightly seen as the most irresponsible and annoying style of stealing from law abiding citizens is being ignored by many when the likes of the Nigeria Police and the EFCC who should be working day and night trying to […]

News Power & Energy

Council Approves Privatisation Of Afam Power Plants, Others

Ihesiulo Grace 5 September 2017 0

Nigeria’s power sector is one that has gulped a significant amount of the nation’s budget without much improvement in power supply Some power plants in Rivers State are up for sale and the government hopes the decision will improve power supply to the nation. The approval for the commencement of the privatisation process of Afam […]

Power & Energy

Nigeria again awards $5.8 billion Mambila Dam Project contract to Chinese state firm

Ihesiulo Grace 30 August 2017 0

Nigeria government has approved the construction of a $5.8 billion hydroelectric power plant by a Chinese state firm, Babatunde Fashola, the power minister said Wednesday, according to Reuters’ report, the latest in a series of Chinese deals since the project was first envisioned decades ago. The project, if completed, could provide a much-needed source of […]

Politics Power & Energy

Major shake-up in NNPC, Roland Ewubare now heads NAPIMS

Ihesiulo Grace 29 August 2017 0

The ongoing restructuring of the Nigerian National Petroleum Corporation (NNPC) received fresh force Tuesday with the appointments and deployments of top executives across the value chain of its operations. Maikanti Baru, group managing director of the corporation, said the new appointments would not only help to position NNPC for the challenges ahead but would help […]

Power & Energy

Federal Government Gives States Autonomy To Produce Power

Ihesiulo Grace 15 August 2017 0

THE Federal Government has given State governments autonomy to produce own power so as to ensure improved power supply in the country. It said this is because nothing in the Electricity Power Sector Reforms Act EPSRA deter States from doing such. Speaking at the 18th monthly power sector operators meeting on Monday at the Kumbotso […]

Power & Energy

See Highlights Of SERAP’s Report On Corruption In Electricity Sector

Ihesiulo Grace 8 August 2017 0

The common man in Nigeria has been paying the price for corruption in the electricity sector, the Socio-Economic Right And Accountability Project (SERAP) said on Tuesday. The Socio-Economic Right And Accountability Project (SERAP) said on Tuesday that Nigerians have continued to pay the ultimate price – staying in darkness, but still made to pay crazy […]

Energy Power & Energy

Gnami & Pakau In Kaduna Record Two-Year Uninterrupted Power Supply – FG

Ihesiulo Grace 26 July 2017 0

The Federal Government on Tuesday announced that two communities in Kaduna State recently recorded two straight years of uninterrupted supply of electricity. It said the Gnami and Pakau communities enjoyed uninterrupted power from the 90- kilowatt Solar PV off – grid system installed in the areas, as the villages were far from the reach of […]

Energy News Power & Energy

Nationwide Blackout Imminent As Power Generation Falls Below 3,000MW

Ihesiulo Grace 25 July 2017 0

A nationwide blackout is imminent as Nigeria power generation has fallen below the 3,000 megawatts mark. Sadly, number of idle power plants increased to eight on Sunday from five on Friday. Reports say the nation’s power grid lost a total of 743.4MW over the weekend as generation dropped from 3,306.6MW on Friday to 2,632.4MW and […]

Opinion Power & Energy

Fashola Attributes Power Sector’s Success To Team Work

Ihesiulo Grace 19 July 2017 0

Minister of Power, Works and Housing, Babatunde Fashola, SAN, has attributed progress so far recorded by the ministry under him to the collective and complementary efforts of all those who currently man the three arms of government – the executive, legislative and judicial, assuring Nigerians of greater things to come. According to a press release […]

Opinion Power & Energy

Nigerians Spend About $5 Billion Yearly To Fuel Their Generators – House Of Reps Speaker, Yakubu Dogara Raises Alarm

Ihesiulo Grace 19 July 2017 0

Speaker of the House of Representatives, Yakubu Dogara, has said it’s highly unacceptable for Nigerians to be spending about $5 billion to fuel their generators annually. Mr. Dogara stated this on Tuesday in Abuja at the public hearing organised by the House of Representatives Committee on Power on three Bills pending before the lower chamber. […]

News Power & Energy

Gencos Ask FG To Increase Electricity Tariff

Ihesiulo Grace 12 July 2017 0

Power generation companies (GenCos) in the country are calling for an increase in electricity tariff due to “high business costs”. Ismaila Funtua, vice chairman, Mainstream Energy Solution, made this known on Tuesday while speaking with journalists on the sidelines of the quarterly presidential business meeting held in Abuja. He said the GenCos were asking the […]