The Federal Government has ordered the resale of electricity Distribution Companies (DisCos) now under the management of banks and the Asset Management Company (AMCON) within the next 90 days to reputable power operators as part of its current drive to improve power supply nationwide. The order was given by the Minister of Power, Adebayo Adelabu, […]
State governments in the country should adopt a Public Private Partnership (PPP) arrangement in procuring power infrastructure in their states in the current efforts to boost electricity supply nationwide, a former Minister of Power, Prof. Barth Nnaji, has advised. The industry top player gave the charge on Thursday during his paper presentation at the first […]
The Federal Government has hinted of its plans to unbundle the Transmission Company of Nigeria (TCN) as part of its sustained reform efforts in the power sector to boost electricity supply nationwide. The disclosure, which was made a day after the collapse of the power grid for the second time this year, indicated that the […]
The Nigerian Electricity Management Services Agency (NEMSA) has assured electricity consumers using pre-paid meters that units already purchased will not be lost during the imminent upgrade of their meters nationwide. The Head Communication and Protocol Unit, Mrs. Ama Umoren, in a statement on Sunday attributed the assurance to the Managing Director of NEMSA, Mr. Tukur […]
The Energy Markets Rates and Consultants (EMRC), a team of independent consultants providing energy market, regulatory, techno-economic and financing advice for electricity, renewables and gas sector, has adduced several reasons for the subsisting metering gap in Nigeria, despite efforts by the government and its partners to close the gap through the National Mass Metering Programme […]
Siemens Power, the German company handling Nigeria’s Presidential Power Initiative (PPI) designed to upgrade Nigeria’s grid hinted on Monday that the implementation of the project would be completed five years earlier than the 2030 earlier set for its completion. The Head of Business Development and Government Relations at Siemens Energy, Oladayo Orolu, who made this […]
The Niger Delta Power Holding Company Limited (NDPHC), has disclosed that it spent over $1.2 billion in the projects and handed over them to the DisCos, with an understanding that the money would be refunded by the Discos. The company stated that the handed-over projects to the DisCos were part of the over 374 projects […]
President Bola Tinubu has signed the Electricity Bill, which was passed in July 2022, to repeal the Electricity and Power Sector Reform Act 2005. A source at the Presidential Villa, Abuja who gave this hint on Friday, said that the newly enacted Electricity Act would consolidate all legislations on the electricity supply industry by providing […]
Abuja Electricity Distribution Company (AEDC) has attributed the erratic electricity supply in its franchise areas to low power generation from the national grid and pleaded with customers to bear with the drop in power supply over the past weeks. The electricity distribution company’s Chief Marketing Officer, Mr. Donald Etim, in a statement issued in on […]