Power articles

FG Slashes Electricity Tariff

FG Slashes Electricity Tariff

FG Slashes Electricity Tariff

In a move many has described as political, the Nigerian government has announced a 50 per cent reduction in electricity tariffs in the country. The Nigerian Electricity Regulatory Commission,NERC, announced the immediate review of electricity tariffs by about 50 per cent. Sam Amadi, Chairman of the Commission, who announced the review in Abuja, said the reduction, which takes effect from the end of March, followed the regulatory agency’s decision to remove collection losses from customer


Hope Rising for Edo Power Project

President Goodluck Jonathan flags off multi-million dollars private sector-financed power project in Edo State.   A private sector-driven Independent Power Project, IPP, which will generate 450 megawatts of electricity has kicked off in Edo State. The groundbreaking ceremony for the $1 billion project being undertaken by Azura Power West Africa Limited in partnership with the Edo State government was performed recently by President Goodluck Jonathan at Ihiovbore/Idunmwowina/Orior-Osemwende communities near Benin City. Turning the sod to


No Quick Fix for Power

With the many challenges facing the power reform programme, it appears Nigerians have to wait a little bit longer before they get respite from low generation of power and incessant power failure On the surface, it sounded like an explanation from someone desperate to reassure his fellow countrymen not to lose hope in the power reform programme of government. But revelation by Andrew Yakubu, group managing director, GMD, Nigerian National Petroleum Corporation, NNPC, recently that


Transcorp and GE Partner to Improve Power Generation

The Transnational Corporation of Nigeria Plc, Transcorp, has notified the Nigerian Stock Exchange, NSE, that Transcorp Ughelli Power Ltd, TUPL, its subsidiary, has signed an agreement with General Electric, GE, to increase the capacity of TUPL’s power plant from 360 megawatts to 1360 megawatts in the next three to five years. Both parties also signed a separate agreement to rehabilitate the damaged GT 15 turbine at the Ughelli Plant, which will add 115MW to the


FG Attracts Investors to the Power Sector

To facilitate the financing of power infrastructural development in Nigeria, the President Goodluck Jonathan-led administration is inviting both prospective investors and financiers to an international conference on February 10, 2014 at the state house Banquet hall, Abuja. The event is expected to facilitate interaction between new investors and local and international financial institutions to explore available opportunities in meeting the capital expenditure needs of the power sector. Godknows Igali, chairman, organising committee of the conference,