POWER

President Muhammadu Buhari says Nigeria is working on an ambitious Energy Plan towards reducing the energy shortcomings by year 2030. Mr Femi Adesina, the President’s spokesman in a statement late Friday evening, said Buhari spoke in line with Nigeria’s role as a Global Theme Champion for the Energy Transition, theme of the High-Level Dialogue on Energy on the sidelines of ...

The revenue generated from the sale of Nigerian gas to three neighbouring countries for electricity generation rose by 11.36 per cent to $6.47m last year from $5.81m in 2019, according to official data obtained by our correspondent. N-Gas Limited, a company owned by the Nigerian National Petroleum Corporation, Chevron and Shell, buys gas from oil companies in Nigeria and transport ...

The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB) has approved $1 million grant for the modernisation of Africa’s aging hydropower fleet. According to a statement from the AfDB, the modernisation of hydropower stations is an opportunity to increase generation capacity at low-cost, and with relatively short lead-times and minimal environmental impact. It said the grant ...

The Lagos State Ministry of Energy and Mineral Resources has announced the pilot of 20,000-meter installation in Alimosho Local Government Area in partnership with Ikeja Electric Plc including plans to expand to the rest of the state. A memorandum of agreement was signed by the commissioner, Mr Olalere Odusote, and major stakeholders in the project at the ministry on Tuesday. ...

The Nigerian Electricity Regulatory Commission (NERC) has commenced the process of renewing the resale license of the Nigerian Bulk Electricity Trading Plc, The Nation has learnt. This was contained in a document titled: “Stakeholder engagement on the renewal of the bulk electricity purchase and resale license issued to The Nigerian Bulk Electricity Trading Plc.” NBET is the administrator of the ...

Leading company in the digital transformation of energy management and automation, Schneider Electric, has been ranked the world’s most sustainable corporation, in a prestigious annual list compiled by Corporate Knights, a media and research company focused on corporate sustainability performance. The recognition which coincides with the Schneider Electric’s announcement of its accelerated sustainability programme marks a big jump from 29th ...

Electricity consumer groups on Wednesday advised the new Minister of Power, Mr Abubakar Aliyu, to ensure that the Nigerian Electricity Regulatory Commission ( NERC) adequately performs its statutory responsibilities in the power sector. They blamed the inability of NERC to properly regulate the sector across the value chain for the incessant collapse of the national grid and low supply of ...

The exit of Engr. Saleh Mamman, as the Minister of power who was accused of his failure to halt the incessant national power blackout is now replaced by Engr. Abubakar Aliyu, a civil engineer and two-term former deputy governor of Yobe state state. He has been announced as the new minister of power, third in that capacity during the President ...

Enugu Electricity Distribution Company, EEDC, has announced the appointment of Chorghade Praveen as the new Managing Director/Chief Executive Officer of the company. This is contained in a statement issued in Enugu on Sunday by EEDC’s Head, Communications, Emeka Ezeh. Ezeh said Praveen, an Electrical Engineer, Technologist and Management professional, would bring on board his wealth of experience garnered over 38 ...

A new electricity tariff increase has been approved by the Nigerian Electricity Regulatory Commission(NERC) and would take effect next month from September 1st this year,PremiumNews has learnt. Olumide Anthony Jerome, General Manager, Loss Reduction,Eko Electricity Distribution Company,confirmed the tariff adjustment in a notification sent to his firm by NERC.The notification attributed the increase to the nationwide mandate to implement the ...