By Simon Echewofun Sunday The Nigerian Electricity Regulatory Commission (NERC), the federal government agency regulating the power sector, has announced a proposed hike of electricity tariff by 66 percent, about N46 for every kilowatt of electricity from April 2020 across…
The Nigerian power sector is faced with several hurdles, especially funding constraints, which has for decades has made the electricity supply so low that both the consumers and the national economy have largely been paying huge costs to meet the…
The upward increase of VAT from 5 percent to 7.5% by government effective from 1st February 2020 is already having rippling effects on prices of meters and electricity supply services in the power sector. In this piece, Daily Trust explored…
Some critical renewable energy projects for generating 13,000 megawatts (mw) of electricity and reduce harmful emissions by 29,774 tonnes over 12 years are being delayed due to releases of funds under the N25 billion Green Bonds, Nigeria. This is despite…
One year since a N146m 60 kilowatts (kw) grid-connected solar power plant in Torankawa community of Sokoto State was commissioned, residents say they have had sustained power supply. Torankawa, with a population of about 9,000 was thrown into darkness for…
A N27 billion meter supply contract initiated by the federal government to provide meter intervention to electricity users in Nigeria is yet to be implemented five years after, the Daily Trust reports. This is just as at least 5 million…
Of all the federal government’s efforts at increasing domestic refining capacity, one area the present administration has achieved greater success since it took office in 2015 is that of modular refineries, Daily Trust reports. Policy makers, investors and other industry…
About 24 power Generating Companies (GenCos) lost N1.19 trillion on electricity capacity not paid for in the Nigerian Electricity Market in the last five years. Records of loses on the stranded power generation capacity since 2015 shows that about 50…
The Dadin-Kowa Hydro-Power Plant in Gombe State, initiated in 1959 to generate 40 megawatts of electricity is now ready for inauguration after 60 years of execution setbacks. Those familiar with the project described it as “a success story” despite the…
The Managing Director/CEO of the Nigerian Bulk Electricity Trading Plc (NBET), Dr. Marilyn Amobi, has been sacked by the Federal Government. The Minister of Power, Engr. Sale Mamman yesterday directed she should step down, citing ‘’reorganisation and sanitation’’ as reasons…
