Ondo, partner get licence for 550MW power plant

The Nigerian Electricity Regulatory Commission has issued a licence to the Ondo State Government and its partners, Kingline Development Company, a South Korean firm, to generate 550 megawatts of electricity.

Five ways to keep your tech swag despite high electricity tariffs

The Nigeria Labour Congress and the Trade Union Congress have been kicking against it all week, but many Nigerians who are already feeling the bite of hike in electricity charges imposed by the ministry of power, works and housing. You’re most likely too busy hustling for your daily bread to embark on any protests, but here are some ways to make this new development easier on your pocket:

 

• Energy saving bulbs

Electricity tariff: 45% increase’ll violate UN ruling —SERAP

LAGOS — The Socio-Economic Rights and Accountability Project, SERAP, has advised the Minister of Power, Mr Babatunde Fashola, to ensure regulatory authorities were not allowed to get away with 45 per cent increase in electricity tarrif by promoting compliance with the November 2013 ruling on the matter by two UN special rapporteurs.

Cummins, Sapele Power plan 300MW plant

The move to ensure steady electricity supply in the country has received a boost as Cummins Cogeneration Limited and Sapele Power Plc have signed a Power Purchase Agreement in London, the United Kingdom.

 

The Chairman, Cummins Cogeneration Limited, Mr. Deepak Khilnani, said the pact was part of the company’s plans to build one of Africa’s largest gas-fired power plants of 300 megawatts capacity.

He said in a statement on Thursday that the partnership came just weeks after Cummins signed an agreement for a similar investment in Ghana.

Khilnani expressed hope that the synergy between the two firms had the capacities that would deliver a clean and sustainable long-term solution for Nigerians.

CBN: N213bn NEMSF fund will change economics of power sector

The Central Bank of Nigeria (CBN) said its N213 billion Nigeria Electricity Market Stabilisation Facility (NEMSF) would improve generation, distribution and transmission of power in the country.

 

Special Assistant to CBN Governor on Energy Sector, Mr Yinka Balogun, said this in Abuja on Monday at a round table on “Releasing Private Sector Capital for Investment in the Power Sector”.

Calabar General Electric facility to provide over 3,000 jobs

General Electric’s Calabar facility in Southern Nigeria is set to provide over 3,000 jobs upon completion, the firm said last week.

“We are investing over $1bn dollars in our Calabar facility over 5 years and we have already trained 15 Nigerian engineers who will be at the vanguard at the cost of about $3.6 mn. Our plans to localise operations and create long term job opportunities for Nigerians remain unwavering,” Uzo Nwagwu Chief Operating Officer Oil & Gas (West Africa) told a gathering of journalists during a facility tour of GE’s Onne facility.

Nigeria to Secure 170m Euros AFD Grant for Transmission Networks

The Federal Government at the weekend in Abuja said it was working with the Agence Française de Dévelopement (AFD) to secure a grant of 170 million Euros for the building of transmission networks in Abuja area.

 

AFD is the French Development Agency that participates in promoting and financing development throughout the world.

IPP privatisation stalls on gas shortages

Nigeria’s privatisation of 10-independent power plants (IPPs) that could fetch up to $5.6 billion is stalling due to a lack of gas supply, the chief executive of Aiteo Power and Gas said.

 

Africa’s biggest economy broke up its monopoly on power generation and distribution by privatising the sector two years ago, hoping to attract foreign investors.

NERC licenses 4 firms to generate 774mw of electricity

Nigerian Electricity Regulatory Commission (NERC) has issued on-grid licences to four companies to generate 774 megawatts (mw) of electricity.

The companies are to generate electricity from solar and gas.

The companies are Pan Africa Solar Limited, based in Kankia, Katsina State, to generate 24mw from solar, and Nigeria Solar Capital Partners Limited, based in Ganjuwa, Bauchi State, to generate 100mw from solar.

After 16yrs of PDP, Nigeria still in total darkness

After 16 years, the Peoples Democratic Party (PDP) is leaving the central government unable to fix the power problem that has kept the economy prostrate, BusinessDay can now reveal.

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Nigeria’s power woes mount as businesses gasp for breath

The epileptic power supply woes in Nigeria which some say tarnished the Goodluck Jonathan administration are getting even worse with the nation’s thermal and hydro power stations struggling to generate up to half their installed capacity, according to BusinessDay investigation.

Constrained by unavailability of gas, about 2,811MW thermal generating capacity was taken out of the system this week, with another 540MW of generating capacity made redundant by low water level at hydro power stations in Northern Nigeria, our reporters learnt.

Lagos Generates 48MW of Electricity via IPPs

…as Fashola writes Eko, Ikeja Discos

At least 48 megawatts (MW) of electricity have been added to existing power in Lagos, Nigeria’s commercial city, in the last five years.

The electricity generated through collaborative investments in

Nigeria’s Power drops as Kenya gets Sh42b Power Boost from World Bank –

NAIROBI: Over 630,000 more Kenyans will have access to electricity while existing consumers will enjoy better quality of electricity services following approval of $457.5 million (Sh42.14 billion) financial package by World Bank Group The Kenya Electricity Modernisation Project package includes an International Development Association (IDA) credit of $250 million, an IDA guarantee of $200 million and a $7.5 million grant from the Strategic Climate Fund-Scaling up Renewable Energy Programme. 

 

The IDA guarantee will enhance Kenya Power’s credit quality and enable it to raise about $500 million of new commercial debt with lower interest rates and longer tenors to replace existing debt that is placing a heavy burden on the company.

PSC contract deadlock stalls gas supply to power plants

The nation’s dream of achieving uninterrupted power supply may not materialise, following the alleged dispute between the Federal Government (FG) and international oil companies (IOCs), over the ownership of gas in the deep offshore fields being operated under the Production Sharing Contract (PSC), BusinessDay findings have shown.

A clause which is said to have vested exclusive ownership of the gas on the Federal Government, has prevented the international oil companies (IOCs) from developing the gas fields that would have been used to boost the supply of electricity.

A source close to the Department of Petroleum Resources (DPR), the nation’s regulatory agency for the oil and gas industry, who pleaded anonymity said, “some of the IOCs may have decided not to show interest in the development of the deep offshore gas, because of the clause in the PSC which governs the operations of deepwater operations, and which vested the ownership of the gas in the fields in the hands of government, while the oil is the commercial product on which economies should be based.”

South African utility Eskom fires 1,000 workers as crisis deepens

South African utility Eskom fired 1,000 workers at a power plant on Friday and its chief executive failed to overturn his suspension, worsening the turmoil at the company.

Africa’s most advanced economy is suffering its most severe power shortage since 2008, as state-owned Eskom struggles to keep the lights on.

 

A union threatened a new walkout after the workers were told of their dismissal via text message. They had been accused of vandalism at Eskom’s new Medupi plant during a strike this week.

President Jonathan in Abia state to commission NDPHC ABIA -PHOTOS

http://bokissonthrone.blogspot.com/2015/03/president-jonathan-in-abia-state-to.html

Events activities in progress as  President Jonathan prove more reason to continue second term

 

Geregu Power Station, Omotosho II, Olorunshogo II, Unit 6 of Egbin Power Station and now 504 MW of Alaoji...

President Jonathan in Abia state to commission NDPHC ABIA

As President Jonathan set in Abia state to commission Phase 1 504MW Alaoji Power Station, we look forward to more good things ahead to the country.

 

FG reduces electricity tariffs as presidential poll draws near

The  Federal Government has knocked down electricity tariff by more than 50%, just 11 days to the presidential poll which holds on Saturday, March 28 and is being contested by incumbent President Goodluck Jonathan and challenger, Muhammadu Buhari.

Announcing the over 50% tariff slash yesterday, Sam Amadi,CEO of the Nigerian Electricity Regulatory Commission (NERC) said the decision was taken in response to complaints over tariff increase by industrial and commercial consumers.

Amadi said that following the complaints, NERC had called for a meeting with the leadership of power distribution companies.

Meanwhile some industry watchers wonder at the prioritising of power allocation across the country and say that with national power generation  swinging between  3,412.1 mw and 4,115.1mw, Lagos, the nation’s industrial hub ought to be receiving more power than is the case now.

“When power is at that level and the people are not feeling it, it means that transmission has really failed us”, one expert said.

Sales of Electricity Meters now for N60,000

The cost of acquiring pre-paid electricity meters by consumers in the country has risen due to the fall in the value of the naira following the currency’s recent devaluation by the Central Bank of Nigeria.

A single-phase meter, according to findings by our correspondent, can now be obtained for N39,375, while the three-phase meter now goes for N60,909.