With gas supply to thermal power plants around 13 per cent more than seven years after the power sector privatisation, power generation companies (Gencos) have called on the Nigerian National Petroleum Corporation (NNPC) to intervene and save the sector. Twenty-eight […]
Day: 20 July 2021
Minister of Power Promises Improved Electricity Supply to Nigerians
The Minister of Power, Alhaji Saleh Mammam, has promised that the Ministry of Power will improve electricity supply to Nigerians. Mamman soeaking with newsmen during the Eld-el-Kabir celebration in Jalingo said that communities that were underserved would enjoy adequate service […]
PowerCorp to Fund 15MW Solar Project with ₦50b Green Bond
solar energy FMDQ Securities Exchange has admitted the listing of the NSP-SPV PowerCorp Plc ₦6.33 billion fixed rate series 2 senior unsecured green bonds under the ₦50.00 billion-bond issuance programme to its platform. According to the company, the proceeds from […]
Nigeria’s Power Generation Still Grossly Inadequate Despite N4.23trn Interventions
The power sector in Nigeria has continued to be plagued by a high level of inefficiency in providing electricity to Nigerians despite that it was privatised in November 2013. This is regardless of the fact that the sector has not […]
