Renewable energy is cheap, eliminates air pollution – Obaisi
Kenneth Affor
August 21, 2019
The irregular state of electricity supply in the country is as old as the country. Despite the various efforts of successive governments between 1999 and now to redress the situation, which involved huge capital expensiture, these efforts have yielded only very little results. The latest was the sum of N900 billion spent over the past […]
17 power stations shut output units as demand plunges
Businessam StaffAugust 9, 2019
Seventeen of the nation’s 27 power stations have been forced to shut down some of their units on the back of low demand by electricity distribution companies, worsening the blackout being experienced by millions of customers across the country. Total power generation in the country dropped to 2,842.1 megawatts as of 6am on Thursday from […]
TCN frustrating power sector, says Discos
Businessam StaffAugust 8, 2019
The electricity distribution companies (Discos) have accused the Transmission Company of Nigeria (TCN) of frustrating the power sector, saying that the national grid, under the TCN, can carry only 4,557 megawatts (mw). Speaking in Abuja, Sunday Oduntan, the executive director of Association of Nigerian Electricity Distributors (ANED), suggested that the transmission network needs to be […]
Ibadan customers to get meters within 10 working days – IBEDC
Businessam StaffAugust 7, 2019
The Ibadan Electricity Distribution Company (IBEDC) says it will ensure that customers get meters within 10 working days of receipt of payment. John Ayodele, chief operating officer, made this known at a town hall meeting to educate electricity consumers on the meter asset provider(MAP) scheme on Wednesday in Ile-Ife. He said that MAP was established […]
TCN targets capacity of 10,000mw
Businessam StaffJuly 12, 2019
The Transmission Company of Nigeria (TCN) is planning to raise the transmission wheeling capacity of the power grid to 10,000 megawatts (MW) as it moves to achieve its target by re-conducting seven critical lines nationwide this year. It also revealed that it has recovered 775 stranded containers from 800 units abandoned for over ten years […]
Nigeria ‘may not reap’ all the benefits of AfCFTA because of poor electricity supply
Businessam StaffJuly 11, 2019
The Association of Power Generation Companies (APGC) says Nigeria may not reap the benefits of the African Continental Free Trade Area (AfCFTA) as a result of poor electricity supply. In a statement, Joy Ogaji, executive secretary of APGC, umbrella body of generation companies (GenCos), said adequate power supply is critical in the nation’s quest for […]
Electricity returns to South-East, as EEDC pays TCN N2.433bn
Businessam StaffJuly 5, 2019
There are indications that electricity consumers will witness full supply in the South-East States of Anambra, Enugu, Imo, Abia and Ebonyi, as Enugu Electricity Distribution Company, EEDC, has paid N2.433 billion to the Transmission Company of Nigeria, TCN, thus enabling it to be reconnected to the national grid. TCN had suspended EEDC from Market Operator […]
This is why Nigeria is sliding into darkness
Businessam StaffJune 25, 2019
The nation’s power generation dropped to 3,390.7 megawatts on Monday as seven plants, including three built under the National Integrated Power Project, sat idle. Electricity generation has been hovering around 2,600MW and 3,800MW as of 6.00 am every day since the start of this month, according to data obtained by our correspondent. It plunged to […]
Abuja DisCo inaugurates inspectorate division to monitor service hiccups
Tola AkinmutimiJune 11, 2019
By Tola Akinmutimi The Abuja Electricity Distribution Company (AEDC) on Tuesday said that it had established an inspectorate division to monitor faulty lines and mitigate operational hiccups in its franchise areas of FCT, Kogi, Niger and Nasarawa states. The distribution company stated this in a release signed by its spokesperson, Oyebode Fadipe. He quoted the […]
50% of power generated in Nigeria is stolen by customers, BEDC alleges
Businessam StaffMay 27, 2019
The Managing Director of the Benin Electricity Distribution Company (BEDC), Mrs. Funke Osibodu, has alleged that 50 per cent of power generated in Nigeria is stolen by consumers across the country. Osibodu who made the allegation yesterday during an interactive session with journalists in Benin, said that the act was being carried out through illegal […]