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FG Mulls Sale Of 40% Stake In Discos, Others

  ….Targets N298.4Bn Revenue The Bureau of Public Enterprises (BPE) on Tuesday hinted of its intention to sell remaining 40% shares of the Federal Government in electricity distribution companies (DisCos) and offer for listing other enterprises on the capital market in 2024. The Director-General of the Bureau Mr Alex Okoh,  who made this disclosure this […]

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Geometric Power Assures Constant Power Supply To Franchise Area

The Chairman/Chief Executive Officer, Geometric Power Ltd, Aba, Abia State, Prof. Barth Nnaji, on Friday promised electricity consumers in the state of improved power supply and continued retention of the current tariff regime. Nnaji gave this assurance in a meeting between the company’s management with some stakeholders at the Osisioma, Aba office of the company. […]

Economy News Extra Latest News Power/Electricity

NDPHC’s Lafia Transmission Substation Ready For Commissioning

Nasarawa State residents are in ecstatic mood as the commissioning of 330/132/3kV, 2x150MVA and 2x60MVA transmission sub-station in Lafia, is just some weeks away. The commissioning of the project is historic as it will be the first time that the state capital, Lafia and its environments would be connected to the national grid since the state’s […]

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OML 11: Ogoni Leaders Oppose Shell’s Return For E&P Operations

Leaders of Ogoniland have vowed never to allow Shell Petroleum Development Company to return to their land for exploration operations on Oil Mining Lease (OML) 11 after the recent court judgment on the suit filed by the oil company. The Ogoniland people, through the leader of Ogoni Liberation Initiative (OLI), Rev. (Dr) Douglas Fabekee, made […]

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GE, NDPHC Restore 360MW To National Grid

General Electric (GE) on Monday announced the successful rehabilitation of three 9E.03 gas turbines, at three Niger Delta Power Holding Company’s (NDPHC) power plants in Calabar and Sapele, enabling the plants to reliably secure and restore the supply of up to 360 megawatts (MW) of electricity to the national grid. A news report sourced from […]