Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations said they released an average of 3,844 MegaWatts of electricity into the national grid on Monday. This is contained in a daily energy report by the Advisory Power Team, office of the Vice President a copy of which was obtained in Abuja on Tuesday. The report…
The Federal Government on Tuesday assured Nigerians of adequate power supply during the yuletide. The Minister of State for Power, Mr Goddy Jedy-Agba, gave the assurance during inspection of Azura-Edo power plant in Benin. Jedy-Agba said Azura was working to make power available to the country. “I am here to see what the power plant…
The Nigerian Electricity Regulatory Commission (NERC), says the 11 electricity Distribution Companies (DisCos) received 145,959 complaints nationwide in the second quarter of 2019. The information is contained in the Second Quarter Report obtained from the website of NERC, the regulator of the industry in Abuja on Tuesday. The report said that the figure represented a…
The Electricity Consumer Protection Forum on Monday opposed the request by power Generation Companies (Gencos) and Distribution Companies (DisCos) for N1.2 trillion bailout from the Federal Government (FG). The group’s National Coordinator, Mr Adeola Samuel-Ilori, made its position known in an interview with the News Agency of Nigeria in Lagos. The GenCos and DisCos had recently…
Ports and Cargo Handling Services Ltd., the flagship company of SIFAX Group, on Monday commissioned new equipment worth more than 20 million dollars to boost its service delivery at the port. Mr. Adekunle Oyinloye, Group Managing Director, SIFAX Group, disclosed this at the Ports and Cargo Handling Services Ltd. equipment commissioning in Lagos. Oyinloye said…
“Global Maritime Industry: Untapped Potential for Growth and Wealth Creation” Chairman of LADOL, Mr. Ladi Jadesimi has described the Global Maritime industry as holding vast untapped potential for growth and wealth creation. The Chairman added that the sector also holds the key to the sustainable economic development of Nigeria when its potential is adequately harnessed…
… Distributes 1.92billion Litres of PMS The Nigerian National Petroleum Corporation (NNPC) has announced an increased trading surplus of ₦5.20billion for August, 2019, reflecting an increase of 22 per cent when compared with the ₦4.26billion-surplus posted in July 2019, a release by NNPC Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, has…
Dr Habib Nuhu, a Geologist and expert in international Energy Policy and Energy Economics, has urged the Federal government to encourage establishment of mini-grid system to tackle the challenges bedeviling electricity supply in the country. Nuhu made the call in Sokoto in a paper presented at a National Colloquium convened by Mr Zayyanu Yabo, an…
The Nigerian Electricity Regulatory Commission (NERC) says six out of eight Power Distribution Companies (DisCos) have complied or substantially complied with the approved minimum remittance threshold in the Order for July to September 2019. NERC, which is the regulator of the industry, confirmed the development in a notice sent to the affected companies and obtained…
The Nigerian Electricity Regulation Commission (NERC), on Saturday, said Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 43.3 per cent in the second quarter of 2019. The Second Quarter Report was obtained in Lagos from the website of NERC. NERC also said Jos and Kaduna DisCos had the lowest performance of 13.1…
