Nigeria’s power sector in seven months of 2018 has lost N300 billion due to insufficient gas supply, distribution and transmission infrastructure. A report obtained from the Office of the Vice President, Yemi Osinbajo, stated that “estimated amount lost to insufficient gas supply, distribution, transmission and water reserves to date in 2018 is N300 billion.” The…
The Abuja Electricity Distribution Company (AEDC), is to begin the deployment of 222,728 meters valued about N10 billion for customers in its franchise areas of FCT, Kogi, Niger and Nasarawa States. A statement by its Head, Corporate Communications, Mr Oyebode Fadipe, said the deployment of the meters, which would begin on Aug. 8, was under…
The Chairman, Board of Directors of Kaduna Electricity Distribution Company, Alhaji Yusuf Hamisu Abubakar has said the security challenges in parts of Zamfara, Sokoto and Kaduna states, three of the four franchise states of Kaduna Electric is adversely affecting the operations of the electricity firm. Alhaji Abubakar disclosed this in Kaduna over the weekend. In…
The Federal Government is not frightened by the threats made by power distribution companies to quit the power sector and resell the firms at discounts. Senior officials of the Federal Ministry of Power, Works and Housing stated that the power distributors knew the procedures to follow if truly they wished to quit the business, adding…
The World Bank at the weekend said it was planning to increase its funding to Nigeria by $4.5 billion over the next three years to support projects in the power and health industries and in governance, its Vice President for Africa said. “This is indicative – in the next 18 months or so, we expect…
The federal government through the Energy Commission of Nigeria (ECN) and other stakeholders recently met investors in Lagos under the “Grid-Connected Renewable Energy Investor’s Forum”. The forum was supported by the United Nations Development Programme (UNDP) and was convened to address issues and challenges hindering the construction of Independent Power Producer (IPP) solar projects in…
Africa50 has emerged a key player in driving infrastructure investments with commercial rates of return in the region, in an effort to bridge the continent’s infrastructure financing gap estimated at $108 billion, after two years of operations. The infrastructure investment platform comprises 26 African countries and two central banks, with over $850 million in committed…
The global wind and solar power capacity has reached 1 TW at the end of June and is expected to double by the middle of 2023, Bloomberg New Energy Finance (BNEF) said last week. The 1,013 GW of currently installed capacity is almost equally divided between wind and solar, with 54% coming from wind parks…
Schneider Electric, the foremost innovator and specialist in energy management solutions has re-affirmed its commitment to providing the industry with digital solutions for businesses that are guaranteed to enhance profitability and optimise costs. This was made known by the Oil and Gas Segment Lead, Schneider Electric, Mrs Tolulope Falola, during the Society for Petroleum Engineers/Nigerian Annual…
The Transmission Company of Nigeria (TCN) has unveiled plans to build 6 new substations of 330KVA each to boost power supply to Lagos and Ogun States to further enhance the industrial prospects of the area believed to be the industrial hub of the country. The managing director/chief executive officer, TCN, Mr. Usman Mohammad disclosed this…
