China’s high-profile national carbon emission trading market commenced trading on July 16. Power generation industry will be the first among all industries to try the new trading system, and the market will only allow spot trading in carbon emissions quotas among key emitters of the power generation industry during its start-up stage, according to a […]
The Power Generation Companies (GenCos), have called for coordinated approach by all stakeholders in the Nigeria Electricity Supply Industry (NESI) to address issues in the power industry. Mrs Joy Ogaji, Executive Secretary, Association of Power Generation Companies of Nigeria (APGC), made the call in a statement in Abuja on Sunday. Ogaji said that such coordinated […]
Transnational Corporation of Nigeria Plc (Transcorp) has announced a significant appointments to its Board and Executive Management. Transcorp is a listed industrial holding company, whose interests include Transcorp Power, Nigeria’s largest power generator, Transcorp Hotels, owner of the iconic Transcorp Hilton, and significant upstream oil and gas assets. The group, appointed Owen Omogiafo as President/GCEO […]
The Aare Onakakanfo of Yorubaland, Iba Gani Abiodun Ige Adams has urged the Federal Government to adopt a new power generation strategy to boost power supply and encourage the youths on capacity building. He said the power sector has the potential to change the poor narratives of the Nigerian economy. The Aareonakakanfo also pointed out […]
The Power Generation Companies (GenCos) have threatened to shut down power generation supply if pressing issues in the sector are not addressed. The GenCos spoke through the Executive Secretary, Association of Power Generation Companies (APGC), Dr. Joy Ogaji at a news conference in Abuja on Sunday. Ogaji explained that the main reason for considering taking […]
The Nigerian National Petroleum Corporation (NNPC), has announced the attainment of a two-year record spike in gas supply to power generation, which hits 854.40million Standard Cubic Feet of gas per day (mmscfd) for March 2018, translating to an equivalent power generation of 3,492MW. Details of the March 2018 National Gas Production figures contained in the […]
The Nigeria Bulk Electricity Trading Plc (NBET) has disbursed a total of N152.974 billion to 23 power generation companies (GenCos) within the first seven months of 2017, according to a report. This disbursement represented 21.6 percent of the N701 billion payment support facility provided by the Central Bank of Nigeria (CBN) for Nigeria’s power sector […]
The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, SAN, has said that the nation has begun witnessing improved power supply in the past few months. He said due to the painstaking effort of the administration of President Muhammadu Buhari, power generation has peaked at 5, 155 megawatts (MW) as at Friday, December […]
The Federal Government says it has finalised plans with South African investors to commence mining operations at the abandoned coal mines in Enugu. The Director General, Voice of Nigeria, Osita Okechukwu who led South African investors Simang Group said the new development is in fulfillment of President Muhammadu Buhari’s promises made to Igbos to […]
Nigerians may continue to experience power outage, following a drop in power generation from 4,500megawatts to 2,700 megawatts. This was disclosed, on Thursday, in Abuja, by the Permanent Secretary, Federal Ministry of Power, Amb. Godknows Igali. He told journalists after briefing the Senate Committee on Power, Steel Development and Metallurgy that gas and crude oil […]