Waste to power: Gas still economic, environmental menace
Bukola Odufade
March 19, 2018
Nigeria’s 2020 goal of achieving zero gas flaring appears to have gone up in flames. The Trans-Saharan Gas Pipeline Project (TSGP), upon which the country hoped to turn this goal into reality is seriously running behind schedule. It had earlier been due for completion this year. A number of factors are responsible for what now […]
Nigeria’s power distribution networks lack capacity to distribute 2000mw – Fashola
Businessam StaffJanuary 8, 2018
Nigeria’s power distribution network lacks the capacity to distribute about 2000 megawatts of power despite appreciable strides in improving generation, according to Babatunde Fashola, minister of power, works, and housing. Fashola who spoke Monday, January 8, 2018, at the 23rd monthly power sector operators meeting in Lafia, Nasarawa State, said generated power has gone up […]
Nigeria loses more than 3,000 megawatts power output after pipeline fire
Businessam StaffJanuary 3, 2018
A fire at a Nigerian pipeline interrupted gas supplies to companies generating more than 3,000 megawatts in Africa’s most populous nation, the government said. The fire at the Escravos-Lagos pipeline owned by the Nigerian National Petroleum Corp. in the southern Edo state required a shutdown of the pipeline supplying gas to the 1,320-megawatt Egbin power […]
Nigeria’s FG set to increase power generation to 20,000 MW, minister says
Businessam StaffOctober 28, 2017
Nigeria’s federal government said Friday that its plan to generate 20, 000 megawatts of electricity over the next four years was on course. Mustapha Shehuri, the country’s minister of state for power gave the assurance in Funtua, Katsina State when he inaugurated a 132/33 KV transformer that would boost power supply to local governments in […]
Nigeria’s state-owned electricity grid operator faces probe over $2bn foreign loans
Businessam StaffOctober 19, 2017
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
Foster ObiOctober 16, 2017
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 […]
The electricity required for a single bitcoin trade could power a house for a whole month
Businessam StaffOctober 16, 2017
Bitcoin transactions use so much energy that the electricity used for a single trade could power a home for almost a whole month, according to a paper from Dutch bank ING. Bitcoin trades use a lot of electricity as a means to make verifying trades expensive, therefore making fraudulent transactions costly and deterring those who […]
Black out as Nigeria’s national grid collapses
Businessam StaffSeptember 30, 2017
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
Businessam StaffAugust 29, 2017
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
Businessam StaffJuly 24, 2017
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 […]