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POWER SECTOR
AfDB, W/Bank Support Solar Power Plants Light Up Bayelsa Communities
…With technical support from W/Bank ($350m), AfDB ($200m)
Nigerian government, through its implementing agency, Rural Electrification Agency (REA), has commissioned two solar hybrid mini grids in the villages of Akipelai and…
‘Poor Energy Capacity Costs Nigeria N10tln Annually’, Says World Bank
The World Bank has said that the unreliable power supply in Nigeria is been causing the country huge, annual economic losses, which it estimated at N10.1 trillion.
In a new report, the World Bank said Nigeria’s attempt to transform its…
Nigeria Needs N290bn to Meter 6,456,275 Electricity Customers
Estimated 6,456,275 electricity users in Nigeria are believed to be unmetered, while between N289.86 billion and N534.93 billion is required to provide meters for the huge number of unmetered electricity users in the West African country.
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Discos Want CBN’s N50bn Stabilization Loans Restructured for Longer Duration
…Investors claim they injected $4.4bn after unbundling
Electricity distributors in Nigeria, DisCos, have jointly called on the federal government to restructure the loans advanced to them by banks for the acquisition of the…
N190bn Electricity Debt: NDPHC Mutes Idea of Selling Direct to Consumers
Nigeria may adopt the policy of selling electricity straight to eligible customers without passing through the Nigerian Bulk Electricity Trading Plc if a suggestion from the Niger Delta Power Holding Company (NDPHC) is favourably…
Nigeria’s Power Grid Collapsed 108 Times Since Privatisation
Nigeria’s state run Transmission Company of Nigeria (TCN) has confirmed that the country’s electricity grid has collapsed 108 times since the power sector was privatized. While the transmission company says the grid has a wheeling…
Fresh Fears Over $2bn Nigerian Electricity Roadmap Project
The Presidential Power Initiative (PPI), is believed to be facing fresh hurdle that may derail or delay the execution and delivery of additional power to consumers.
It will be recalled that the federal government handed over the…
New Electricity Tariff Deferred to Q1 2021
…As National Assembly Leadership intervenesThe leadership of the National Assembly on has waded into the controversy on the planned hike in electricity tariffs from July 1st, 2020 by the Nigerian Electricity Regulatory Commission…
NDPHC Owed ₦190bn for Electricity Generated
The Niger Delta Power Holding Company of Nigeria (NDPHC), has said that it is owed a whopping N190 billion for electricity generated.
The managing director, Mr. Chiedu Ugbo, who spoke at a Senate investigative hearing last week, said…
Minister Says Nigeria’s Electricity Sector Suffers Market Inefficiency
Minister of Power, Mr Sale Mamman, has expressed concern that market inefficiency remains one of the major problems of the Nigerian Electricity Supply Industry (NESI).
Market inefficiency is a situation in which asset’s prices do not…
July Tariff Increase: NERC is Involved, Discos Insist
Electricity distribution companies (DisCos) have explained that the July increase in electricity tariffs was not a unilateral decision by the power firms but taken along with the regulator.
The DisCos on Sunday said that the Nigerian…
Angola Committed to Meeting Energy Objectives Amid COVID-19
Africa Oil & Power, the African Energy Chamber and the U.S.-Angola Chamber of Commerce on Thursday united to hold a webinar themed, ‘Powering Forward: The Pathway to Grid Stability, Increased Capacity and a Diversified Angolan…
Without Flexibility, Energy Revolution in Africa Won’t Take Place
It is no longer disputable that the energy transition integrating renewable energies into the grid is a reality that is unfolding globally. This can be observed at different rates and scales according to the countries, but the constant…
Don’t Pay Staff for Metering, Ikeja Electric Wars
Ikeja Electric Plc has warned customers not to pay any money to its staff for the purpose of procuring prepaid meter under the Meter Asset Provider (MAP) scheme.
The electricity Distribution Company (DisCo) said customers should call…
World Bank Approves $750m Credit for Nigeria’s Power Sector
The World Bank has approved a $750 million International Development Association credit for Nigeria’s Power Sector Recovery Operation.
The Bank’s Country Director for Nigeria, Shubham Chaudhuri in a statement on Wednesday said that…
Zimbabwe’s Centragrid to Scale Up Solar Output
Zimbabwean solar power company Centragrid plans to increase generation capacity to 25 megawatts (MW) by October 2021, helping the country chip away at a huge electricity deficit that has hurt mines and kept households in the dark for…
Why We Seek FG’s Intervention on Meters – DisCos
Federal Government’s intervention has been sought by the electricity Distribution Companies (DisCos) over the delay usually encountered in clearing imported meters at the ports as well as the heavy import duties paid for imported…
Cameroon Shops for $73m From EIB, EU to Electrify Under-Served Regions
…total project cost put at $224mCameroon has applied for the sum of $73 million from the European Investment Bank (EIB) and the European Union (EU), to enable the country deal with rural electrification and access to energy project in…
World Bank: Cameroon, Chad Secure $385m for Electricity Interconnection
The World Bank Group has just approved a loan of $385 million for Cameroon and Chad to finance an electricity interconnection project between the two Central African countries. The fund is being disbursed through Group’s subsidiary,…
IMF Proposes $49bn For Nigeria Power Sector Development By 2030
International Monetary Fund (IMF), has proposed $49 billion investment in Nigeria’s power sector to ensure adequate power supply for the country by 2030.
In a report on Nigeria titled, ‘Additional Spending towards Sustainable…