The Transmission Company of Nigeria, TCN, under its Transmission Rehabilitation and Expansion Programme (TREP) has added about 200 Megawatts to the national grid, with the installation of 100MVA, 60MVA and 60/66MVA, 132/33kV power transformers in three different transmission substations. This came even as the average power sent out yesterday, rose to 3,642MWh/hour, an increase of […]
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Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26 per cent minority equity stake in Hazira LNG regasification terminal in India. The transaction remains subject to the approval of regulatory authorities. In a statement made available to correspondence, Total stated, “In parallel, Total has signed an agreement […]
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A group, the Environmental Rights Action/Friends of the Earth Nigeria, has appealed to the Federal Government to do away with import tariffs and Value Added Tax on renewable energy products. ERA explained that Nigeria could blaze the trail in renewable energy if government could invest in it (renewable energy) and boost power supply in the […]
Read More The Transmission Company of Nigeria said it had installed 29 power transformers and substations across the country between February 2017 and August 2018. It said the completion of the projects was done in line with the government’s policy on incremental power; and debunked claims made by the Benin Electricity Distribution Company that the national grid […]
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Power distribution companies say they have capacity to take and distribute 6,288.96 megawatts of electricity, refuting the Federal Government’s claim that the Discos can only handle 5,000MW. According to them, the capacity of Discos to distribute about 6,300MW was confirmed in a study conducted by the country’s power System Operator, an arm of the Transmission […]
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The report further explained that “the nation’s power generation plunged by 777.9 megawatts on Monday as output from the hydropower plants and some gas-fired stations including Egbin in Lagos, suffered declines.” In the days leading to the third anniversary of Buhari’s Presidency, the Federal Government through its “Ministry of Lies” sent out a report stating […]
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Crisis rocking the power sector of the economy, yesterday, took a different dimension as Electricity Distribution Companies, DISCOs, rejected the ₦72 billion distribution networks investment being executed by the Transmission Company of Nigeria, TCN. The DISCOs, instead, argued that any investment in distribution networks without recourse to them managing the networks was wrong investment. Acting […]
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The National Bureau of Statistics, NBS says average price paid by consumers for premium motor spirit (petrol) decreased by -0.09 year-on-year and -0.9% month-on-month to ₦146.80 in July 2018 from ₦148.10 in June 2018. Long Queque at NNPC Fuel Station at Eleme along Aba Road in Port Harcourt weekend. Photo: Nwankpa Chijioke The bureau revealed […]
Read More Electricity workers yesterday in Abuja threatened to shut down power, unless the Federal Government sacks the Transmission Company of Nigeria’s (TCN) Managing Director, Usman Mohammed. The workers, under the auspices of the Senior Staff Association of Electricity and Allied Companies (SSAEAC), are accusing Mohammed of high handedness and anti-labour practices. The union threatened to ground […]
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President Muhammadu Buhari has stated that Nigeria was in dire need of new engineering technologies to address its power supply and metering challenges. Speaking at the 27th Engineering Assembly of the Council for the Regulation of Engineering in Nigeria, COREN, Buhari, who was represented by the Minister of Water Resources, Mr. Suleiman Adamu, also emphasized […]
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The Nigerian National Petroleum Corporation and Seplat Petroleum Development Company have signed five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020. The NNPC said the project, Assa North and Ohaji South gas development scheme, was one of the seven critical […]
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Most Nigerian banks will collapse if power generation and distribution companies fail, electricity distributors have warned. They also stated that despite the problems in Nigeria’s power sector, the Minister of Power, Works and Housing, Babatunde Fashola, had not met with investors in the distribution arm of the industry since 2015. Speaking during a live television […]
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