Labour and other stakeholders have cried out as more Nigerians are thrown into darkness 10 years after privatisation of Power Holding Company of Nigeria (PHCN). Expressing their worries over the sector’s inability to yield turnaround progress despite the over N7 ...
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Feed SubscriptionWest Africa Power Project Seeks $156m Annually For 913km Regional Grid
The West African Power Pool, (WAPPO), has proposed a $156 million annual budget for the execution of its 330kV North Core power transmission project, expected to link Nigeria to four other West African countries. The 913km project, estimated to cost ...
Read More »FG Withdraws Power Of Attorney For 40% Shares In DisCos From BPE
The federal government has reassigned the Power of Attorney (PoA) for its 40% shareholding in electricity distribution companies (DisCos) from the Bureau of Public Enterprises (BPE) to the Ministry of Finance (MOFI). According to a document viewed by LEADERSHIP, Wale ...
Read More »N93.4bn Debt: NERC Dissolves Kaduna Electric Board, Appoints New Management
The Nigerian Electricity Regulatory Commission (NERC) has taken regulatory action against Kaduna Electricity Distribution Company (Kaduna Electric) following a protracted case of underperformance and inability to meet its market obligations to the tune of N125.5 billion. NERC, in a regulatory ...
Read More »LCCI Seeks Detailed Action Plan On Inflation, Electricity, Others
The Lagos Chamber of Commerce and Industry (LCCI) has asked President Bola Tinubu to provide more detailed plans and strategies to tackle inflation, insecurity, under-employment, and social inequality in the country. The Chamber also advocated urgent need to address the ...
Read More »FG Insists On Electricity Subsidy Amid Tariff Review
The Federal Government, on Monday, announced that it was currently reviewing the implementation process for a cost reflective electricity tariff, but stated that it would continue to subsidise power supply for vulnerable citizens in Nigeria. It also announced that it ...
Read More »TCN Confirms Destruction of 3 Towers On Maiduguri–Damaturu Line
The Transmission Company of Nigeria (TCN) confirmed on Friday the destruction of three of its towers on the Maiduguri–Damaturu Transmission Line, suspected to be caused by insurgents using explosives. Mrs Ndidi Mbah, the General Manager of Public Affairs at TCN, ...
Read More »Use Existing Frameworks To Bridge Metering Gap, NERC Tells Distribution Firms
The Nigerian Electricity Regulatory Commission (NERC) has said, existing metering gap is choking customers on estimated billing and therefore urged Electricity Distribution Companies (DisCos) to utilise any of the five meter financing frameworks that have been provided in the 2021 ...
Read More »All On, BAOBAB+ Sign $2.25m Investment For 1,500 Solar Energy Systems
All On, a leading Nigerian impact investment company through its Demand Aggregation for Renewable Technology (DART) programme has signed a $2.25 million credit facility investment to boost solar energy investments in Nigeria. The deal was sealed with Baobab Plus Nigeria, ...
Read More »Reps To Probe N39bn Meters Supply Loan Grant To Ziglaks
The House of Representatives has agreed to investigate the N39 billion settlement loan granted to Ziglaks by the defunct Ministry of Power, Works and Housing to supply meters to power Distribution companies (DisCos). The Federal Ministry of Power, Works, and ...
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