Power

From 2020, West Africa will commence cross-border sale and distribution of electricity among member states of ECOWAS. This is according to Chairman of Regulatory Council of the ECOWAS Regional Electricity Regulatory Authority…

By Ngozi Egenuka Nigerian business mogul has approved to invest as much as $2.5 billion in power projects across Nigeria. The chairman of United Bank for Africa Plc and Transnational Corporation of Nigeria Plc will…

Nigeria’s power sector has lost N108.652 billion revenue between January and March due to various constraints, representing an increase of about N10.924 billion or 11.17 per cent from the revenue lost during the same period in…

By Ngozi Egenuka  Electricity consumers in Awka, Anambra State and Owerri, Imo State will soon begin to enjoy improved power supply due to the level of investments the Enugu Electricity Distribution Plc (EEDC) has made towards…

By Ngozi Egenuka with Agency Report Electricity generation in the country plunged to 3,456 megawatts on Tuesday, losing 1,108MW in seven days, according to the latest data. Total power generation dropped from 4,564.60MW as of…

Prices of Nigeria’s crude grades may crash further downwards this week due to persistent power failure at the export facility, sources close to the matter told SweetcrudeReports. Power failure which began early last week is yet to be…

A fire at a Nigerian pipeline interrupted gas supplies to companies generating more than 3,000 megawatts in Africa’s most populous nation, the government said. The fire at the Escravos-Lagos pipeline owned by the Nigerian National…

By Dirisu Yakubu with agency reports The Bureau of Public Enterprises (BPE) yesterday opened bids for nine companies seeking to be hired as consultants to monitor the performances of the privatized electricity distribution and generation…

By Dirisu Yakubu with agency reports Ondo State Governor Oluwarotimi Akeredolu (SAN) has assured investors of his administration’s determination to provide regular power supply. He said facilities needed to ensure a seamless take-off…

By Dirisu Yakubu with agency reports In Ghana, the implementation of the solar electrification plan for the country’s high schools is valued at $420 million. This was stated by Seth Maho, deputy director of the renewable energy at the…

The Group Managing Director and Chief Executive Officer of Access Bank Plc, Mr. Herbert Wigwe, has explained why Nigerian banks have still not made provisions for most of the power sector loans, despite the fact that most of the loans taken…