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POWER

Concession: FG to Earn N647.7 Billion from Power Projects

The Federal Government is set to earn N647.7 billion from the concession of two power projects, the e-ticketing of two rail routes and a Device Management System. The two power projects which are the 360 Mega Watts Gurara II Multipurpose Dam and Hydro Power Plant and the 40 MegaWatts Kashimbilla Hydro Power Plant will be concessioned under an Operation and ...

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Transcorp Power Receives Discharge Certificate From FG For Fulfilling All Privatization Conditions.

(L-R) Minister of Power, Engr Abubakar Aliyu; President/GCEO, Transnational Corporation(Transcorp Plc), Dr Owen Omogiafo; Group Chairman, Transcorp Plc, Mr. Tony Elumelu; Vice President, Professor Yemi Osinbajo; Director General, Bureau of Public Enterprises(BPE), Alexander Okoh; and Managing Director, Transcorp Power Plc, Christopher Ezeafulukwe during the presentation of Discharge Certificate to Transcorp Power Plc, having met and surpassed the Post-Privatisation Target set ...

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IKEJA Electric Restrategises With NSCDC To Curb Vandalism

Nigeria’s leading Electricity Distribution Company, Ikeja Electric Plc (IE) in its efforts to curb vandalism of electrical equipment within the company’s network, recently engaged the leadership of the Lagos Command of the Nigeria Security and Civil Defense Corps (NSCDC)..Speaking during the strategic meeting with the new helmsman of the Lagos State NSCDC Command on Thursday, 4 May, 2023, the Chief ...

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TCN Port-Harcourt Region Receives Transmission Equipment Spare Parts

The Transmission Company of Nigeria (TCN) recently received some transmission equipment spare parts at its Port-Harcourt Regional Office, Rivers State. The spares are for the prompt replacement of faulty parts and for maintenance in TCN substations within the region. The parts comprise Circuit Breakers, Isolators, Batteries, Battery Chargers, Relays, Lightning Arresters, etcetera. These provide ready maintenance equipment for TCN engineers ...

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Minister Ordered TCN to Reconnect Power Companies Sanctioned For Non Compliance of Market Rules

The Transmission Company of Nigeria (TCN) has been directed by the Minister of Power, Abubakar D. Aliyu to reconnect those power companies that were disconnected from the national grid for noncompliance with the Market Rules, effective from today, May 1, 2023 According to a press statement from the Market Operator and TCN, the companies will be connected to the national ...

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Sahara Group Advocates Backward Integration to Bolster Energy Sector Sustainability

Deploying seamless backward integration in the energy sector will foster growth and sustainability enabled by improved efficiencies, innovation, upgrade in local expertise and participation, and the collaboration of host communities in operations across the value chain, Ejiro Gray, Director, Governance and Sustainability has said. Gray who addressed journalists at the 6th Nigeria International Energy Summit (NIES) in Abuja said building ...

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TCN Threatens to Sanction Erring Electricity Market Participants

Transmission of Company of Nigeria (TCN) has threatened to sanction erring electricity market participants, having given them notices and time to comply with the market rules. The market participants in the power sector are the generation, transmission and distribution companies. TCN’s Market Operator (MO), Mr Edmund Eje, in a statement issued in Abuja on Tuesday, warned that one of the ...

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NDPHC Pledges To Boost Electricity Access Through Youth Training

Niger Delta Power Holding Company (NDPHC) is boosting electricity access in Nigeria through training young engineers to achieve its goals. The company said the internship programme has produced many young graduates who passed through the process via rigorous trainings. Funke Nwankwo, GM, Chairman Committee on Engineering Graduate Internship,said the company has produced seasoned engineering professionals through the programme. She said: ...

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EKEDC Frowns at Illegal Electricity Consumers, Cautions Customers Over Energy Theft

Eko Electricity Distribution Company (EKEDC) has solicited the support of electricity consumers and stakeholders in tackling energy theft and vandalism within its network. Dr Tinuade Sanda, Chief Executive Officer, EKEDC, made the appeal during a customer engagement forum organised by the company on Thursday in Lagos. The engagement drew customers from various areas under Ojo District, including Iba Town, Ojo, ...

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AfDB Signs Pact with EU and France to Invest $300 Million in Tanzania’s Hydropower Prooject

The signing of the Kakono Hydropower Project agreement The government of Tanzania, the African Development Bank (AfDB), and the French Development Agency (AFD) have signed agreements for two development project loans worth $300 million. The funds will finance the construction of the 87.8-megawatt Kakono Hydropower Plant located in Kagera region in the northern part of Tanzania. The project also received ...

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