With the newly increased electricity tariffs and stable market indices, the income of the electricity distribution companies may swell in 2023, OPEOLUWANI AKINTAYO writes The complaints that have often characterised the revenues of electricity distribution companies may begin to reduce this year, […]
How Government Can Ensure Steady Power in Nigeria –Okeke, MD, Azura IPP
Mr. Edu Okeke is the managing director of Azura Power West Africa Limited. Okeke joined Azura in 2014 as its chief operating officer before becoming deputy managing director in 2016. Prior to joining Azura, Okeke had already charted a stellar […]
Many FCT Residents Berates AEDC Over Persistent Power Outages
Many residents of the Federal Capital Territory (FCT ), have berated the Abuja Electricity Distribution Company (AEDC ) on the persistent power outages being experienced in the territory. The residents, who spoke to the News Agency of Nigeria (NAN) in […]
Mainstream Energy Hires Austrian Firm to Overhaul Nigeria’s Oldest Hydropower Plants
Nigeria’s largest hydropower generation company, Mainstream Energy Solutions Limited (MESL), has announced the engagement of ANDRITZ, an Austrian firm, for the rehabilitation, overhaul and modernisation of two generating units, 2G5 and 2G6, at the Jebba hydropower plant as well as […]
Kano’s 10 Megawatts Project, A Wakeup Call
On January 30, 2023, President Muhammadu Buhari commissioned the 10 Megawatts (MW) Kano Solar Power Project funded and managed by the Nigeria Sovereign Investment Authority (NSIA). Currently, the largest grid-connected solar PV plant deployment in Nigeria, it was implemented through […]
Discos Remittances Drop By N70bn In Three Months – Report
Remittance from electricity distribution companies to the Nigerian Bulk Electricity Trading Company and Market Operator dropped by N70bn in the first quarter of 2022, according to newly released data by the Nigerian Electricity Regulatory Commission. The report showed that the […]
X-raying Ibom Power’s Electricity Distribution Trajectory
It was 4.36 pm. The day was Friday, January 20, 2023. The official Twitter handle of the Nigerian Electricity Regulatory Commission (NERC) announced that it has issued a license to Ibom Power Company to distribute electricity in Akwa Ibom State. […]
Nigeria Suffering The World’s Largest Energy Deficit
The latest quarterly report from the Nigerian Electricity Regulatory Commission (NERC) shows that average daily electricity production declined by 4,3 percent quarter-on-quarter (q/q) to 4,508 megawatts (MW) in the second quarter of 2022. This is compared with 4,712 MW in […]
GE to Supply 500MW Power to National Grid By Q2 This Year
GE Gas Power has said it is looking forward to pushing close to 500 megawatts (MW) of additional power into the national electricity grid by the second quarter of this year, when its ongoing projects would have been completed. The […]
Nigeria to Generate 9,000MW Electricity From Solar, Wind, Others– FG
The Federal Government has stated that about 9,000 megawatts of electricity would be generated from renewable energy in its ongoing projects. Investors king reports that the renewable energy sources to be explored include; solar, wind, hydro, tidal, biomass, geothermal, amongst […]