Revenue remittance by Electricity Distribution Companies (DisCos), to Nigerian Bulk Electricity Trading Company (NBET) fell in the second quarter of this year by 22.64 per cent to N91.3 billion compared to N111.81 billion recorded in the first quarter, latest data […]
Day: 5 October 2021
Dear Power Minister, Take Urgent Leadership Of The Policy Process, By Odion Omonfoman
I would urge you to be magical and revolutionary in developing and implementing policies that would transform the power sector for the benefit of all Nigerians. Minister of Power, Abubakar Aliyu Dear Honourable Minister, Belated congratulations to you on your […]
Nigeria Supplies 4,095mmscfd Domestic Gas to GENCOs in 4 Months
Domestic gas supply to gas-fired generating plants, GENCOs, across the country rose by 516 million standard cubic feet per day (mmscfd) to 4,095mmscfd in four months (between January and April) of 2021. This is 12.6 per cent increase when compared […]
India’s Power Exchange Offers NBET Viable Model
India has two power exchanges and between them conducts millions of dollars worth of transactions every year. Two power exchanges India are reporting revenue in millions of dollars, an outcome that could become a reality for the Nigerian Bulk Electricity Trading […]
$2.3bn Power Project Under Threat As FG, Siemens Disagree Over Local Content, Automation, Others
The nation’s $2.3 billion Presidential Power Initiative, PPI, project, has come under threat, following a sharp disagreement between the Federal Government and Siemens Energy over local content, automation and counterpart funding. Under the Memorandum of Understanding, MoU, signed between the […]
European Union Announces Extension of €48m Electricity Sector Intervention in Nigeria
The European Union (EU) in collaboration with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) has announced the extension of its €48 million investment in the Nigerian Energy Support Programme (NESP) till next year. With the extension, the EU has granted […]
