Are you experiencing power outage in your area at the moment? Then you may have to wait for some time, as the outage is due to the collapse of the national grid, which occurred around 11:00 am on Wednesday. It is said to have emanated from Shiroro dam in Niger State. The Transmission Company of…
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…
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…
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…
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…
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…