President Muhammadu Buhari said yesterday that the Process and Industrial Developments Limited (P&ID) contract with the Nigerian government was a scam aimed at cheating the country of billions of dollars. Read more:
Vice President Yemi Osinbajo has said the federal government has injected about N1.5 trillion intervention fund into the power sector in the last two years, even as frequent outage persists across the country. Read more:
Power cut is imminent across the country as 24 thermal power Generation Companies (GenCos) are mulling a force majeure action to quit business over a 0.75 percent ‘unregulated’ administrative charge for gas supply transactions being introduced by the Nigerian Bulk…
The 215-Megawatt (MW) Kudenda Thermal Power Plant in Kaduna State is yet to take off 10 years after contract for it was awarded. The non-take off of the plant, a project of the Federal Ministry of Power, is despite the…
Amidst prevailing liquidity crisis in the power sector, customers of the 11 Distribution Companies (DisCos) owe at least N65.9 billion energy debts for the first three months of 2019, records have shown. Read more:
The Minister of Power, Engr. Sale Mamman, Minister of State, Mr Goddy Jedy Agba and other officials of the Federal Ministry of Power, recently inspected the 40 megawatts (MW) Kashimbilla hydropower dam in Taraba State. Read more:
The Market Operator (MO), a section of the Transmission Company of Nigeria (TCN), yesterday said it has notified the Kano Electricity Distribution Company (KEDCO) on the intent to terminate its rights in the electricity market from September 10, 2019. MO…
Nigeria has added a generation capacity of 4,025 megawatts (MW) through the construction and operation of eight power plants on the national grid. Data obtained from the Federal Ministry of Power indicate that generation capacity is over 7,500MW, transmission is…
Kano Electricity Distribution Company (KEDCO) is stuck on its inability to post N484.5 million to meet its N1.215 billion Letter of Credit (LC) guarantee requirement to pay for ancillary energy services in the electricity market since July 2019. Read more:…
With a capacity of 1,338 megawatts (MW) of electricity generation in Kainji and Jebba hydropower plants in Niger State, the concessionaire, Mainstream Energy Solutions Limited (MESL), is developing an industrial park, and a Free Trade Zone (FTZ) for industrialisation. Read…
