The Bureau of Public Enterprises (BPE) has amended the timeline for the conclusion of the privatisation of Yola Electricity Distribution Company (Disco) in Adamawa State and the 987.2 megawatts (MW)- capacity Afam Power Generation Company (Genco) in Rivers State, it was gathered Wednesday in Abuja. According to reliable sources in the BPE, the conclusion of…
Twenty of the 25 power generation companies (GenCos) in Nigeria’s electricity market do not have active power purchase agreements (PPAs), five years after the country concluded its power market privatisation. A status report from the Nigerian Electricity Regulatory Commission (NERC), equally stated that 18 of the 25 power firms do not have guaranteed gas supply…
Despite its 202 trillion standard cubic feet, scf, gas reserves, Nigeria has not been able to harness enough of its gas for power generation, as a result of many challenges, including low investment, inadequate funding of projects and huge indebtedness to gas suppliers. A compilation of industry figures obtained from the office of Vice President…
For better airport facilities, seamless travel experience and increased revenue, the government needs to allow airports in the country to generate their own electricity, an aviation expert, Mr Herbert Odika has said. Odika told journalists that airports would continue to remain stagnant if power supply remained epileptic with generating plants consuming more than revenue generation….
In a view to break the monopoly of Benin Electricity Distribution Company (BEDC) and address the endless cycle of darkness foisted on electricity consumers in the state, Governor Godwin Obaseki on Wednesday, visited the 55 Megawatts CCETC-Ossiomo Power plant as the facility prepares to commence commercial operation. Addressing journalists after inspecting facilities and progress of…
The electricity distribution companies in the country have said the daily energy sent out by the generation companies has averaged 3,453 megawatts since the power sector was privatised in November 2013. The Association of Nigeria Electricity Distributors, the umbrella body of the Discos, said in a statement on its website that the energy sent out…
The Atlanque Marine Engineering Services (AMES) on Thursday signed a Memorandum of Understanding (MoU) for the development of a 20 mega watts gas fire power plant with High Land Energy Solution Services Ltd (HESSL). Chief Executive Officer of AMES, Dr. Charles Akhigbe, told newsmen shortly after signing the agreement that the MoU was imperative, in…
The Kano Electricity Distribution Company (KEDCo), has concluded plans to expand power networks in Kano, Katsina and Jigawa states, the Managing Director/CEO, Dr Jamilu Isyaku Gwamna, has said. Speaking during his new year message in Kano, Gwamna said expansion was necessary to improve access to electricity and quality of power supply to more people within…
Sirius Petroleum (AIM: SRSP), the Nigeria focused oil and gas development and production company has been advised by Shelf Drilling that the Adriatic-1 Jack-up drilling unit which is currently stationed in the adjacent oil block to the Ororo field (OML 95), and is completing the last of pre-existing contracts with another operator prior to the…
Most crude oil produced in Nigeria’s Niger Delta region now come from Production Sharing Contracts (PSCs), a recent report by the Nigerian National Petroleum Corporation (NNPC), has disclosed. The NNPC in its monthly operations and financial report for September 2018, explained that that between August 2017 and August 2018, the volume of oil produced from…