Nigeria’s state-owned electricity grid operator faces probe over $2bn foreign loans

Nigeria’s lower house of parliament says it will investigate $2 billion of foreign loans the state-owned national electricity grid operator, the Transmission Company of Nigeria (TCN), may have raised without official approval. The lawmakers resolve on the probe Wednesday, according to energy analysts, could deal a major blow to efforts to improve Nigeria’s creaking power […]

Ikeja Electric signs N570m MoU with Mojec International for supply of distribution transformer meters

Ikeja Electric

Ikeja Electric Monday signed a memorandum of understanding (MoU) with Mojec International Ltd, a local content provider for the supply of distribution transformer (DT) meters. Anthony Youdeowei, chief executive officer of Ikeja Electric, said the partnership with Mojec became necessary because of the need ensure energy accountability in the power sector, where it has become […]

Black out as Nigeria’s national grid collapses

The Transmission Company of Nigeria (TCN) said a total system collapse of the national grid was recorded on Sept. 28 at 8:03 p.m., resulting in temporary loss of electricity generation. A statement from TCN’s management on Friday in Abuja said that reports obtained from power stations and the sequence of events generated by the Supervisory […]

TCN wheeled out 72,261.7 mw of electricity in four weeks – official

The Transmission Company of Nigeria (TCN) Tuesday said it wheeled out 72,261.7 megawatts of electricity in the first four weeks of August. The daily statistics of TCN operations from Nigerian Electricity System Operator (SO), a section of the TCN, indicated that 34,853.3 megawatts were generated between August 1 and Aug 12. This was against the […]

UK power consumer, industry to save $52bn as power grid opens to batteries

The U.K. government set out plans to help energy consumers and industry save as much as 40 billion pounds ($52 billion) on their bills by opening the electricity grid to battery storage devices and spurring low-pollution power plants, Bloomberg reports. The Department for Business, Energy and Industrial Strategy outlined plans to invest 246 million pounds […]

Power: Hard nut to crack in Nigeria, as economy suffers

Nigeria rolled out a document at the end of the first quarter articulating what it sees as its way out of a power supply quagmire that has held it down for decades. The Power Sector Recovery Programme (PSRP), admits the economy is shorting itself of $25 billion (N7.5 trillion at central bank exchange rate of […]

Electricity companies intensify metering of households as NERC bare fangs

Meter Manufacturers

Nigeria’s electricity distribution companies have stepped up efforts to meter over four million retail households in response to the Nigeria Electricity Regulatory Commission (NERC) directive that “no non-MD customer should henceforth be billed based on estimation to further validate the confirmation and assurance given by the DISCOs that all such customers are now metered.” Available […]

Nigeria’s power generation to increase by 340mw in December

The Federal Government’s planned addition of 20,000 megawatts of electricity to the national grid received a boost Thursday when Babatunde Fashola, minister of power, works and housing announced that about 340 megawatts of electricity would be added to the national grid by December, 2017. Fashola said this during his inspection tour of Afam Power Plant […]