Niger’s Zungeru hydroelectric plant to deliver first MW in December
Mike Ochonma
May 6, 2021
MIKE OCHONMA Niger state government says that the first turbine of the plant will be operational in December 2021. The facility built in west-central Nigeria will have a capacity of 700 MW following an inspection visit to the site of the Zungeru hydropower project by the government officials and other technical team with knowledge […]
Hike in electricity tariff imminent as NERC sets to conclude extraordinary review
Wale AmeenApril 27, 2021
Wale Ameen Online Editor Nigerians may be in for some tougher times ahead as there is an imminent increase in electricity tariff soon. This is in view of the move by the Nigerian Electricity Regulatory Commission to commence the process for the July 2021 Minor Review of the Multi Year Tariff. This is contained […]
Explosion at TCN’s station plunges Port Harcourt into power outage
Online EditorApril 15, 2021
… Businesses count losses in millions Ben Eguzozie, in Port Harcourt A massive explosion at a transformer of Transmission Company of Nigeria’s (TCN) transmission station in Port Harcourt, Rivers State capital has plunged most parts of the Port Harcourt metropolis into severe power outage. Management of TCN said its engineers were working to repair the […]
FG apologizes to Nigerians for poor power supply, says 8 plants broke down
Arakunle KayodeApril 15, 2021
Arakunle Kayode The federal government has apologized to Nigerians for the ongoing power outages and shortages in different parts of the country. The Minister of Power, Sale Mamman, expressed remorse for the unfortunate situation and apologized to all affected Nigerians for the inconveniences caused by the power outages in a series of tweets on […]
New electricity tariffs: NLC threatens action against Discos, OPS says it will usher in recession fast
Businessam StaffSeptember 2, 2020
Organised labour and the organised private sector have slammed the upward review of electricity tariffs which started on September 1, 2020. Commenting on the matter, the Manufacturers Association of Nigeria said the tariff increase could trigger another round of recession in the third quarter of the year. Ambrose Oruche, the acting director-general, Manufacturing Association of […]
FG-Siemens power deal to gulp $2.3bn out of $6.15bn energy fund – Minister
Businessam StaffAugust 27, 2020
The federal government is to spend the sum of $2.3 billion on its power deal with Siemens, a german electrical firm, for the improvement of electricity in the country. Sale Mamman, minister of power, who stated this said another $1.6bn was for the transmission rehabilitation and expansion Programme. The misterrecently marked his one year anniversary […]
Nigeria records landmark power transmission of 5,420.3MW
Businesssam StaffAugust 20, 2020
The Nigerian power industry recorded a landmark national peak of 5,420.30 megawatts, the first of its kind in the country. According to the Transmission Company of Nigeria, in a statement on Thursday, the 5,420.3MW was effectively transmitted through the national grid at a frequency of 50.10Hz at 9:15 pm on August 18, 2020. “This is […]
Power: Siemens gets N8.64bn counterpart funding to boost electricity in Nigeria
Businessam StaffJuly 29, 2020
The Nigerian electricity improvement scheme between a glober energy company, Siemens, and the Nigerian government moved a step closer to being realised as the Federal Executive Council on Wednesday approved the payment of N.6 billion to the company. A breakdown of the money shows that the sum of €15.21 million (N6,940,081,465.20) as offshore and N1.708 […]
Households, firms to pay more for electricity from July – FG
Businessam StaffJune 16, 2020
Effective from July this year, electricity consumers in the country will start paying more for the service. Sale Mamman, power minister, told the senate on Tuesday the Federal Government told the Senate Tuesday that the infrastructural deficit in the power sector could only be fixed when the electricity companies have enough money to invest in […]
6.46 million on estimated billing face meter price hike
Businessam StaffJune 10, 2020
A total of 6,456,275 electricity users in Nigeria have not been metered and will have to pay a newly approved increased fee when purchasing meters. Latest figures on the number of metered electricity customers obtained from the Nigerian Electricity Regulatory Commission showed that only 37.77 per cent registered electricity customers had been metered. The 37.77 […]