Tag Archives: Power

Fashola Is Buhari’s Star Minister

Fashola Is Buhari’s Star Minister

Hits: 139Babatunde Fashola, immediate past governor of Lagos state has emerged the star in the newly constituted cabinet of President Muhammadu Buhari. The former governor was appointed minister of Power, Works and Housing. This is obviously the largest of the 25 ministries into which the federal government collapsed all federal ministries. Hitherto the ministries of

FG Slashes Electricity Tariff

Hits: 1238In 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

Hope Rising for Edo Power Project

Hits: 943President 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

Transcorp and GE Partner to Improve Power Generation

Hits: 1051The 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

FG Attracts Investors to the Power Sector

Hits: 601To 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

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