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Power Sector: Nigeria Needs $4 Billion Annually to Access Renewable Energy

The Minister of State Power, Goddy Jedy Agba has said the power sector requires $4 billion annually to universally access clean and renewable energy for a sustained power supply to consumers in the country. Speaking at a virtual Global power sector players conference presided over by the United Nations Secretary General, Antonio Guternes, the minister outlined the achievements and challenges ...

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Total and Iberdrola in Joint Bid for Giant Danish Wind Farm

French oil major, Total, has teamed up with Spanish power company, Iberdrola to bid for Denmark’s Thor wind farm, one of the world’s largest offshore wind power projects. The Thor project, which will have the capacity of 800-1,000 megawatts, is expected to be connected to the grid between 2025 and 2027. The tender is due to conclude in the fourth ...

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Nigeria Capable of Generating 30,000MW of Electricity by 2030 – GenCos

Electricity Generation Companies in the country (GenCos) have said Nigeria is capable of generating 30,000 megawatts of electricity by the year 2030 meeting an earlier target set by the Federal Government. The projection could however remain elusive without pragmatic framework, which must be implemented commercially and politically. Seven years after the electricity sector was privatized average generation has been dismal, ...

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Lawan Guarantees Passage of Petroleum Industry Bill

President of the Senate, Dr Ahmad Lawan, yesterday committed the National Assembly to an expeditious passage of the long-delayed Petroleum Industry Bill (PIB). Lawan, at a programme in Abuja to mark his 62nd birthday, assured Nigerians that the passage of the PIB will form the priority of the National Assembly when it resumes plenary on January 26. He also rallied ...

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EEDC Invests N1.6 Billion on Network Expansion Projects

The Enugu Electricity Distribution Company (EEDC) says it will spend N1.6 billion on 30 electricity network expansion projects within the South-East. This was revealed by Head of Corporate Communications, EEDC, Mr Emeka Ezeh, in a statement in Enugu. Ezeh said that the huge investment covered network expansion projects earmarked for 2020 and 2021. He said that the historic huge investment ...

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Electricity Consumers Paid N362bn in Nine Months – Discos

Electricity consumers paid N362bn out of the N520bn billed them by the distribution companies in the country from January to September last year, a new report by the Discos has shown. The Association of Nigerian Electricity Distributors, the umbrella body for the 10 private Discos in the country, said the power firms lost N158bn, representing 30.38 per cent of the ...

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FG and DISCOs Failure to Meet Prepaid Metre Distribution May Stall Projections

…..by James Ikenna….. The federal government and the power Distribution Companies failure to meet the target of distributing the one million prepaid metres they promised the Nigerian consumers between the months of October and December last year may stalll the projection of metering the 10 million consumers within the next three years. According to analysis of meter deployment across electricity ...

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TCN Wheels 5,552.8MW as total Generated Power

Transmission Company of Nigeria (TCN) has wheeled 5,552 megawatt as totally generated power. This is an all-time power generation as announced by TCN. According to TCN, the new peak power generation, which was recorded was successfully transmitted across the grid to power distributors. “This latest all-time peak transmitted surpasses the last peak generation of 5,520.4MW which was also effectively transmitted ...

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FG Orders Reversal of Electricity Tariff

The Minister of Power, Mr. Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies (DISCOs) to revert to tariffs that were applicable in Dec. 2020. Mr Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a statement in Abuja. He said that the reversal to ...

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Minister Dismises Increment in Electricity Tariff as Committee was Not Consulted

…….by James Ikenna…….. The Minister of State for Labour and Employment, Festus Keyamo, has dismissed the purported increment in electricity tariff saying there was no agreement on such increase between the members of the committee set up to look into new tariff in which his ministry and the organised labour are members. According to him what was agreed was the ...

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