The Nigerian Electricity Regulatory Commission (NERC) has disclosed that electricity tariffs will from henceforth be reviewed every 6 months to adjust to foreign exchange (forex), inflation and other trends. The commission’s Chairman, Mr Sanusi Garba, who gave this hint in Abuja, recalled that the policy decision to stop the electricity subsidy was announced by the […]
The Transmission Company of Nigeria (TCN), on Monday disclosed that that its engineers had deployed a stop-gap network automation solution to improve grid monitoring and acquisition of data. According to the company, the stop-gap solution will monitor and gather data from remote power stations and transmission substations to the National Control Centre (NCC). The General […]
Nigeria’s Vice President, Prof. Yemi Osinbajo, has said that the President Buhari-led government is committed to mobilising the private sector to participate in the country’s economy for efficiency and sustainable growth. The Vice President ,who spoke at the webinar organised by the Bureau of Public Enterprises (BPE) in collaboration with the Nigerian Exchange Group (NGX) […]
The Federal Government has assured prospective power investors that the five National Integrated Power Plants (NIPPs) put up for sale will go on as planned in furtherance of its efforts to boost power supply nationwide The five NIPP plants planned for sale are Benin Generation Company Limited at Ihovba, Edo State, Calabar Generation Company Limited, […]
The House Committee on Power on Tuesday turned down the 2021 budget proposal for the Transmission Company of Nigeria (TCN). This is even as the company’s Managing Director, Mallam Suleiman Abdulaziz, lamented the inclusion of projects by some powerful authorities in the company’s projects’ portfolio for the fiscal year. The Chairman House Committee on Power, […]
Electricity generation companies (GenCos) in the country sold electricity worth N294.16bn between January and May this year to the Nigeria Bulk Electricity Trading Plc (NBET), the bulk purchaser of generated power, for subsequent sale to distribution companies (DisCos). By the power sector regulatory regime, NBET, which is owned by the government, purchases electricity in bulk […]
The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) providing bank guarantees to Nigeria Bulk Electricity Trading (NBET) Plc and the Transmission Company of Nigeria (TCN) on behalf of the electricity distribution companies (Discos) to take over electricity bill collections from customers. Similarly, the apex bank also charged the DMBs to ensure […]
The Nigerian Electricity Regulatory Commission (NERC) has reported that the major constraints experienced in the country’s electricity sector in the first quarter (Q1) of 2018, is due largely to gas supply shortfall to power generation companies (Gencos). In its just published Q1 2018 quarterly report of activities in the sector, the Commission stated that 74 […]
The Minister of Power, Works and Housing, Babatunde Fashola, on Thursday said that transmission expansions works were being implemented in at least 90 locations in furtherance of government’s efforts to improve on-grid electricity supply nationwide. The minister made the disclosure during the commissioning of 2×100MVA – 132/33kv power transformers at Ejigbo Transmission Substation in Lagos. […]
The Transmission Company of Nigeria (TCN) at the weekend disclosed that it had energised the Damaturu 330kv transmission substation and Gombe-Damaturu330kV single circuit transmission line. The company’s General Manager Public Affairs, Mrs. Ndidi Mbah,who gave this hint in a statement in Abuja explained that the energised Damaturu substation comprised a 150MVA power transformer and associated […]