POWER

TotalEnergies says it has launched of a pilot project consisting of a floating wind turbine to supply renewable power to Culzean offshore platform in the UK North Sea, thus pioneering an innovative decarbonisation scheme. The 3 MW floating wind turbine will be located 2 km west of the Culzean platform, 220 km off the eastern coast of Scotland. The turbine, ...

The Management of Eko Electricity Distribution Company (EKEDC) wishes to acknowledge the recent reports regarding the disconnection of the power supply to the University of Lagos (UNILAG), despite a payment of ₦180 million for July. It is imperative to clarify that this payment only partially defrays a small fraction of the outstanding debt owed by the university, which significantly exceeds ...

The Nigerian Electricity Regulatory Commission (NERC) has emerged as the first among 53 Ministries, Departments and Agencies (MDAs) after scoring 100 percent for active engagement on the ReportGov.NG platform, and full compliance with the Federal Executive Council (FEC) timeline of 72 hours for complaint/ticket resolution in the first half of 2024. The ReportGov.NG platform is Nigeria’s official public service complaint ...

In order to enhance the trust and credibility of the Nigerian arbitration system and make the country a safe arbitration seat, there is the need to drive efficiency, accountability, transparency, competency and ethics in the system. The Director Legal and Company Secretary, Seplat Energy Plc, Mrs. Edith Onwuchekwa, said this at the ongoing Nigerian Bar Association Annual General Conference 2024 ...

Eko Electricity Distribution Company (EKEDC) has said that government Ministries, Parastatals and Development Agencies are owing the company over N144 billion as debt as House of Representative Committee on Privatisation and Commercialization vowed to pass a bill on electricity theft. The Chairman of the House Committee, Hamisu Ibrahim said they will work with relevant committees in the House to resolve ...

Managing Director, AMCON, Gbenga Alade The Assets Management Corporation of Nigeria says the only way to make the Ibadan Electricity Distribution Company more efficient is to sell it to viable investors. The AMCON Managing Director/Chief Executive Officer, Gbenga Alade, stated this at an interactive session with media executives in Lagos on Monday. Alade told journalists that when he took office ...

The Federal Government and the states have raised N100bn for the procurement of prepaid electricity meters. Minister of Power, Adebayo Adelabu, said this was under the Presidential Meter Initiative programme. Adelabu disclosed this while addressing broadcasters in Ibadan, the Oyo State capital. According to him, President Bola Tinubu’s administration has been making efforts to close the meter gap in Nigeria, ...

Eko Electricity Distribution Company (EKEDC) has urged its unmetered customers to register for prepaid meters to eliminate estimated billing. Mrs Rekhiat Momoh, the acting Chief Executive Officer of EKEDC, made this appeal during a Customers’ Engagement forum in ljora Business Unit on Thursday in Lagos. The Business Intelligence (TBI Africa) reports that customers at the forum were drawn from various ...

Chief Adebayo Adelabu receives Governor Dapo Abiodun in Abuja on Thursday ………by Ben Ndubuwa……Chief Adebayo Adelabu, the Minister of Power, has confirmed the plan utilisation of the Japan International Cooperation Agency (JICA) $200million loan to enhance transmission infrastructure along the Lagos-Ogun Industrial Corridor, which includes the Agbara, Mowe, and Sagamu industrial clusters. The disclosure was made in a statement by ...

The Federal Government of Nigeria expended over ₦633.30 billion on electricity subsidies during the first quarter of 2024, according to recent findings. The Nigerian Electricity Regulatory Commission’s quarterly report highlighted that this figure marks a 150.5 percent increase from the ₦252.76 billion spent in the last quarter of 2023. The amount spent in the first quarter of 2024 also surpasses ...