The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Agip Oil Company (NAOC) Joint Venture is set to boost the Federal Government power generation aspiration by 480 megawatts (MW) through the completion of its Okpai Phase II Independent Power Project (IPP) by 2019. This was disclosed in Abuja on Thursday during the inauguration of the […]
The Senate Committee on Power, Steel Development and Metallurgy, has expressed worry over the refusal of electricity consumers in the country, especially in the South-South geopolitical zone of the country, to pay their bills. Chairman of the committee, Senator Enyinnaya Abaribe, disclosed this when he led six other members of the committee on an oversight […]
A legal luminary, Barrister Marc Enamhe has said that President Muhammadu Buhari lacked legal power to sack the Acting Director, Ministry of Interior, Mr. Abdulrasheed Maina, no matter the offence committed rather he should have been subjected to necessary rules and regulations as enshrined in the civil service rules. Barrister Enamhe told Daily Times on […]
The Sokoto state government said it is connecting a number of rural households with solar power to deepen energy usage and enhance rural electrification in the state. Already, a pilot scheme has started in Kurdula, a rural settlement of Balle town in Gudu local government area of the state. Speaking to reporters in Sokoto on […]
The Federal Government said 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 in […]
Simon Ugwu Dr. Kandeh Yumkella, a two-term former Director-General of United Nations Industrial Development Organisation (UNIDO), says Nigeria needs to be consistent in implementation of its energy policies to experience development of the energy sector. Yumkella stated this in Abuja, adding that consistency in implementation of energy pricing for electricity was key to attracting the […]
The Airport Manager of Margret Ekpo International Airport, Calabar, Mr. Sunday Ayodele, in this interview with CHUKWUEMEKE IWELUNMO, speaks on the developments in the airport, assuring that the airport will continue to do give passengers efficient services. Can you comment on the recent developments in your airort, given that you are located in the rain […]
The Enugu Electricity Distribution Company (EEDC) has expressed worry over increasing report of some fraudulent individuals forging its bills for account opening purpose. The Head, Communications of EEDC, Emeka Ezeh, made this known in a statement on Tuesday in Enugu. He, therefore, called on banks and other financial institutions to consult with it in the […]
President of the Economic Community Of West African States’( ECOWAS) Commission, Marcel de Souza, has urged international communities, investors and experts in the energy sector to give priority to investing in Nigeria’s power sector, as this would certainly contribute to improving access to electricity in the entire sub-region, The President made this appeal at the […]
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 […]
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 […]
State governments are free to generate and distribute their own power, subject rules by the Nigerian Electricity Regulatory Commission. Heavy consumers of power also have the liberty to purchase energy from sources other than Distribution Companies (DISCOs) but will have to pay a rate between N30-N80 per kilowatt. This was stated in a communique issued […]
Kwara state government is to deploy solar energy systems to villages, small scale businesses and key government establishments to boost electricity supply and enhance economy activities in the state. The State Governor, Dr Abdulfatah Ahmed who disclosed this when he received the National President, Licensed Electrical Contractors Association of Nigeria, Otunba Dele Akintola at the […]
The Securities and Exchange Commission (SEC) yesterday listed manufacturing, trade, works, power, housing and transport as the sectors that would benefit much from the Federal Government’s 2017 budget if well implemented. Dr. Afolabi Olowookere, SEC Head, Economic Research and Policy Management Division, said this at the 2017 budget seminar organized by the commission in Lagos. […]
Minister of Power Works and Housing, Mr Babatunde Raji Fashola, has urged investors in the power sector to be patient with electricity consumers or leave the sector for those willing to invest. The Minister made the call during the 11th Monthly Power Sector & Stakeholder Meeting held in Ikeja West Transmission Station, Ipaja, in Lagos […]
Electricity supply in the country has dropped from about 3,000 megawatts, mw to 2,838.03mw. The Presidential Task Force on Power disclosed in its report that of the 2,913.52mw generated at May 9, this year, 2,838.03mw was supplied while the balance was used to stabilize the network. The PTFP maintained that the megawatts supplied did not […]
The Federal Government on Wednesday urged the incoming administration of Gen Muhammadu Buhari to avoid reversing the extant privatization policy in the power sector. Speaking to State House Correspondents against the backdrop of suggestions to that effect, the Minister of Power, Prof Chinedu Nebo said the policy was implemented in the overall interest of the […]
Laser Power Systems has created a new Thorium car is completely emission-free, turbine-free, and is electricity generated. It’s one of the new sustainable-powered engines to show just how unnecessary modern day propulsion engines are and also offer an exciting alternative. Fuelled by nuclear thorium lasers, this engine only needs 8 grams of fuels every 100 years. […]
Chief Executive Officer of SAHCOL, Mr Oluropo Owolabi has been awarded as a Fellow of the African Institute of Enterprise Development and Management and certified as a Certified Professional Enterprise Manager. According to the General Manager, Corporate Communications, Mr Basil Agboarumi, the award was given in recognition of Owolabi’s contribution to the Nigerian aviation Industry. […]
Despite the unprecedented level of investment in the power sector and increase in electricity tariffs, power supply situation in Nigeria is still the same with the gap between demand and supply widening sharply in the urban areas even after the privatization exercise. Even though power generation has barely improved beyond 4000 megawatts over the past […]