TCN recommends Disco for liquidation
Businessam Staff
August 22, 2019
Usman Gur Mohammed, the managing director, Transmission Company of Nigeria (TCN), has recommended that one of the 11 distribution companies be liquidated. He told Mamman Sale, new minister of power, and Goddy Jedy Agba, the minister of state, who were taking their inaugural briefings from the ministries, departmentd and agencies heads in Abuja that the […]
TCN to split, eyes $5m digital power transmission control rooms
Businessam StaffAugust 21, 2019
Usman Gur Mohammed, managing director, Transmission Company of Nigeria, TCN, has announced the decision to split the company and the plan to spend $5 million to digitise its substations’ control rooms nationwide. Speaking at a stakeholders interactive forum held by the Market Operator (MO) in Abuja on Wednesday, Mohammed said the forum came at a […]
Renewable energy is cheap, eliminates air pollution – Obaisi
Kenneth AfforAugust 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 […]
Metering Solution Services begins roll out of prepaid meters in Akwa Ibom
Ben EguzozieAugust 21, 2019
…for Port Harcourt, Eko, Kano Discos Metering Solution Manufacturing Services, a wholly indigenous manufacturing company in Awa, Akwa Ibom State has begun the roll out of prepaid meters for Port Harcourt (PHED), Eko (EKEDC) and Kano (KEDC) electricity distribution companies. Adebisi Adeniyi, the chief executive officer of the company said with an installed capacity of […]
Discos rule out likelihood of FG buy-off, restate commitment to efficient power distribution
Businessam StaffAugust 19, 2019
Electricity distribution companies (Discos) on Sunday ruled out the possibility of a buy off from the federal government and said that they were committed to resolving challenges in the power sector in the country. Speaking under the aegis of the Association of Nigerian Electricity Distributors, the Discos stated that they were committed to solving the […]
NNPC to partner NOASDRA on oil spill mitigation
Businessam StaffAugust 15, 2019
Cases of oil spill will witness drastic reduction if the Nigerian National Petroleum Corporation (NNPC), keeps its promise to deploy technology to address the menace across the country. This is just as the National Oil Spill Detection and Response Agency (NOSDRA), yesterday, warned vandals against sabotaging oil facilities in the country. Speaking during a courtesy […]
AfDB approves $20m for clean energy
Businessam StaffAugust 15, 2019
The African Development Bank (AfDB) has approved $20 million for the facility for energy inclusion (FEI). The facility was sponsored by the bank to provide sustainable financing for small-scale renewables in Africa. The FEI is a $500 million financing platform whose objective is to catalyze financial support for innovative energy access solutions. The FEI On-grid, […]
NNPC: Rehabilitation of PH refinery still ongoing
Businessam StaffAugust 13, 2019
The Nigerian National Petroleum Corporation (NNPC) has said that the rehabilitation of the two Port Harcourt Refineries were still ongoing. Ndu Ughamadu, group general manager, group public affairs division of the coporation, disclosed this to a news agency, in Abuja yesterday. The first refinery in Port Harcourt was commissioned in 1965 to process 60,000 barrels […]
European refiners jostle for Nigeria’s Egina oil over high yields
Businessam StaffAugust 9, 2019
Nigeria’s newest export crude, the medium sweet Egina, is proving popular with European refiners due to its high distillate yields, as output from the Total-operated field nears its full capacity of 208,000 barrels of crude oil per day. The Egina deepwater field, which was developed at the cost of $16 billion by French oil giant, […]
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 […]