POWER

Ikeja Electric (IE) Plc said it had installed prepaid meters for about 400,000 customers out of 1.1 million since 2013. Mr Ugo Obi-Chukwu, Chief Marketing Officer, IE, made the disclosure during a visit of the Senate Committee on Privatisation and Commercialisation to the company on Thursday in Lagos. The committee was led on the oversight visit by its Chairman, Sen. ...

The Transmission Company of Nigeria (TCN), says the nation’s collapsed grid has been fully restored. The company said that the collapse which occurred at about 12:20 p.m. was restored the same day at 4:59 p.m. TCN’s General Manager, Public Affairs. Mrs Ndidi Mbah said this in a statement in Abuja on Thursday. Mbah said that the collapse was triggered by ...

Ikeja Electric Plc, Nigeria’s largest power distribution company has been commended for improved service delivery and innovative ideas by the Senate Committee on Privatization and Commercialization during their oversight visit to the company. The Committee’s Chairman, Senator Theodore Orji, expressed concern over the outstanding N70.96 billion debt being owed the DisCo by its customers including Ministries, Departments and Agencies. He ...

It is the fourth grid failure in 2021, and as usual the impact has been widely felt.Several Nigerian cities including the capital, Abuja, and Lagos were plunged into darkness Wednesday after the national electricity grid collapsed yet again. Electricity distribution companies announced a breakdown of the grid, the fourth this year, after extended hours of power outage experienced in many ...

Egbin Power Plc has said the total debt the Nigerian Bulk Electricity Trading Plc (NBET) owes the power generating company is presently at N388 billion. The Director of Egbin Power Plc, Mr. Kola Adesina, disclosed this yesterday, when the Senate Committee on Privatisation and Commercialisation undertook a visit to the plant in Lagos. Adesina, however warned that the huge debt ...

Eko Electricity Distribution Company (EKEDC) has urged the National Assembly to intervene in the repayment of the N21 billion outstanding debt owed the DisCo by Ministries, Departments and Agencies (MDAs). The Managing Director, EKEDC, Mr Adeoye Fadeyibi, made the appeal during a visit of the Senate Committee on Privatisation to the company on Tuesday in Lagos. The committee was led ...

The Federal Government has said 10 gigawatts (GW) of electricity are feasible from an investment of $3 billion being made in the power sector.The current state of the industry has rendered most of the previous projections by political actors mere lip service, as the country’s prevailing transmitted electricity is below 5,000 megawatts. By forecasts, Nigeria should have been generating 40,000 ...

There are strong indications that electricity tariff will continue to be on the rise as federal government vows to stop payment of N30 billion monthly electricity subsidy next year. Vice President Yemi Osinbajo, who disclosed this at the opening of the 14th Nigerian Association for Energy Economics/IAEE conference in Abuja yesterday, said the government expected the electricity sector to generate ...

…….. by James Ikenna…….It has been estimated that Nigerians spend over N7 trillion annually in generating their own private electric power both for domestic use and their businesses. The Executive Director and Chief Operating Officer, Off Grid Tech Solutions limited, Mr. Stephen Ogboko said in a virtual news conference in Lagos. that this has brought environmental pollution as well as ...

Power generation in Nigeria dropped below the 4,000 megawatts mark on Tuesday amid the Eid-el-Kabir celebration. The total generation in the country stood at 3,958.7MW as of 6am on Tuesday, down from 4,270.7MW on Monday, according to data obtained from the Nigerian Electricity System Operator. On Monday, the peak generation stood at 4,611MW, while the lowest generation was 3,732.1MW, the ...