Eko DisCo earmarks N18bn expenditure for 2023 capital expenditure
Innocent Obasi
January 6, 2023
By Innocent Obasi Eko Electricity Distribution Company (Eko DisCo), one of the eleven downstream operators in the Nigerian electricity market, has allocated the sum of N18 billion for its expenditure in 2023. Tinuade Sanda, the managing director/CEO of the company, made this disclosure while reviewing the company’s 2022 performance and projections for the new year, […]
Kaduna Electric unveils whistle blower platforms
Innocent ObasiJanuary 6, 2023
By Innocent Obasi Kaduna Electricity Distribution Company (KEDC), one of the eleven downstream operators in the Nigerian Electricity market, has launched its whistle-blower platforms where customers can report both staff and customer misdemeanour. Yusuf Usman Yahaya, the managing director/CEO of the company, made this disclosure on Tuesday in Kaduna, saying that the company has provided […]
Mo Ibrahim faults COP27’s impact on Africa’s vulnerability to climate change
Innocent ObasiDecember 8, 2022
By Innocent Obasi Mo Ibrahim, the founder and chairman of the Mo Ibrahim Foundation (MIF), has noted that the recently held United Nations Climate Change Conference (COP27), did not achieve the desired impact on Africa’s specific vulnerability to the impact of climate change. Sharing his views on the conference, Ibrahim said; “We mustn’t delude ourselves […]
Aba Power begins consumer survey, as its American partner trains 35 Nigerian professionals
BEN EGUZOZIEDecember 6, 2022
BY BEN EGUZOZIE …Set to end suppressed demand in electricity Ahead of commencement of full electricity distribution operations in Aba, an industrial city, Aba Power Ltd (APL), run by Geometric Power Ltd, has begun a survey of consumers expected to be hooked on its electricity supply grid in the Aba Ring-Fenced Area (RFA). The power […]
Nigerian states move to stop FG’s planned sale of 10 power plants
business AMNovember 24, 2022
By Business AM The governors of Nigeria’s 36 states have approached the court seeking to stop the federal government’s plan to sell 10 power plants in the country. The said power plants are under the National Integrated Power Projects (NIPPs) being implemented by the Niger Delta Power Holding Company (NDPHC), a power generation and […]
Lagos,USAID partner to boost electricity access for residents
Innocent ObasiNovember 24, 2022
By Innocent Obasi Residents of Nigeria’s commercial capital may soon enjoy reliable access to electricity following the completion of the Lagos State Integrated Resource Plan (IRP). The plan, aimed at bolstering the overall energy security for residents. will outline a framework to meet future electricity demand in the state by establishing the availability of fuel […]
Developer of $600m Geometric Power talks up Aba as project site
Maduabuchi EfegadiOctober 31, 2022
BY MADUABUCHI EFEGADI City’s economic, technological potential great Rues project’s 9-yr rights ownership tussle Project’s expected ROI could be affected Barth Nnaji, the Nigerian professor of manufacturing engineering and robotics in the United States and developer of the $600 million Geometric Power plant in Aba, Abia State, is talking up the city and why his […]
Geregu Power’s annual profit up 46% as turnover nears N71bn
Chisom NwatuOctober 11, 2022
By Chisom Nwatu Nigerian Exchange’s debutant Geregu Power Plc has attained for 2021 a net profit level 45.5 percent above the figure it announced a year earlier, according to the audited earnings report of the Ajaokuta-based gas power generator issued on Monday. Remarkable increase in the volume of energy sold and capacity charge were the […]
$127bn needed to unlock potential of green mini-grids in Africa, says report
Mike OchonmaOctober 11, 2022
BY MIKE OCHONMA Researchers have recommended investing $127 billion in green mini-grids to provide access to electricity for half a billion people in developing countries, particularly in sub-Saharan Africa, according to a new report by the World Bank. According to the report, produced by the World Bank’s Energy Sector Management Assistance Program (ESMAP), investing $127 billion in […]
Nigeria’s decentralised renewable energy sector jobs to exceed 76,000 by 2023, says study
Innocent ObasiOctober 6, 2022
By Innocent Obasi Nigeria has created a robust market position in decentralised renewable energy (DRE) and is poised to reap the benefits as it addresses energy poverty and rural unemployment, according to a new report. The report, ‘Powering Jobs Census 2022: The Energy Access Workforce Nigeria’, was launched by Power for All, a global network […]