Are you looking for Scholarships
In Nigeria and Abroad? You can find dozens here, for Masters, PHD and Undergraduate.

Home » Archives by category » Business News » Power

Power Plants To Generate Additional 1,129 Mega Watts 2018 – Fashola

Power Plants To Generate Additional 1,129 Mega Watts 2018 – Fashola

The Federal Government announced on Monday, that when some power generation projects were completed by 2018,they could generate additional 1,129 Mega Watts to the current 7,000 Mega Watts in the country. The Minster of Power, Works and Housing, Mr Babatunde Fashola, said this at the 22nd monthly meeting of stakeholders in the power sector at […]

2017 Financial Year: Kano DisCo Generates Over N2bn

2017 Financial Year: Kano DisCo Generates Over N2bn

Kano Electricity Distribution Company (KEDCO) has generated N2.1 billion as revenue in the 2017 financial year, servicing Kano, Katsina and Jigawa states. This was disclosed by the Managing Director and Chief Executive Officer of the company, Dr Jamil Isyaku Gwamna, at the company’s 2nd Marketing Conference. He said his company is always ready to satisfy […]

Global Spectrum To List Shares On NSE

Global Spectrum To List Shares On NSE

Global Spectrum Energy Services Plc, is set to list its shares on the Nigerian Stock Exchange. The integrated marine and oil and gas services firm, which had concluded all arrangements in that respect, said in a statement that the event scheduled for November 27, 2017, followed the approval granted it by the Council of the […]

New Regulation Threatens N466bn Power Sector Loans

New Regulation Threatens N466bn Power Sector Loans

Banks could lose over N466 billion exposures to the power sector due to new policy by the Nigerian Electricity Regulatory Commission (NERC). Operators in the ailing sector say the regulation would impact negatively on their revenue and ability to pay back loans. The industry, which had been bogged by challenges since it was privatised, may […]

FG Pays N60 Billion MDA’s Electricity Debt

FG Pays N60 Billion MDA’s Electricity Debt

Mr. Babatunde Fashola, the Minister of Power, Works and Housing, yesterday stated that the federal government has paid over N60 billion out of the N70 million verified MDA’s electricity debts. Fashola stated this Wednesday at a workshop put together to enlighten journalists who report the sector to enable do informed reporting. “You can see that […]

FG Signs $5.79bn Contract For Mambilla Power Plant

FG Signs $5.79bn Contract For Mambilla Power Plant

The project is a new dawn in the country’s power diversity and energy needs. The federal government has signed the contract for the Mambilla hydro power project. The project was first designed 40 years ago and is expected to add 3,050 megawatts of power to the national grid. The federal executive council had approved the […]

Abuja DisCo: Why We’re Yet To Meter All Electricity Consumers

Abuja DisCo: Why We’re Yet To Meter All Electricity Consumers

The Abuja Electricity Distribution Company (AEDC) said at the weekend that electricity tariff has not been cost reflective, hence the delay witnessed in metering installations. This was disclosed by the AEDC Managing Director, Engr Ernest Mupwaya, at a one-day workshop for energy correspondents Themes: “Deepening the reportage of the NESI for effective customer education,” held […]

Abuja DisCo Installs 88,000 Meters, Targets 120,000 By Year End

Abuja DisCo Installs 88,000 Meters, Targets 120,000 By Year End

Mr. Ernest Mupwaya, Managing Director of Abuja Electricity Distribution Company (AEDC), said his company has installed 88,000 meters and would install 120,000 units by December 2017 to tackle complaints on estimated billing. upwaya said this at the opening of a two day workshop on energy theft for judges within the Federal Capital Territory (FCT). He […]

NERC Delays Electricity Tariff Review The Fourth Time

NERC Delays Electricity Tariff Review The Fourth Time

Market loses N460bn to tariff shortfalls The implementation of the Multi-Year Tariff Order (MYTO) framework for electricity pricing has again been delayed for the fourth minor review which occurs every six months. Daily Trust reports that the tariff which should now be at an average of N51 per kilowatt hour (kWh) is still at N31.8 […]

Nigeria Can’t Achieve Much With Unstable Energy – IMF

Nigeria Can’t Achieve Much With Unstable Energy – IMF

Without energy, it’s difficult to have higher productivity activities to take place including in agriculture Without energy, it’s difficult for Nigeria to achieve higher productivity in many sectors of the economy, Mr. Abebe Aemro Selassie, the Director of the International Monetary Fund (IMF’s ) African Department has said. Briefing newsmen over the weekend at the […]

Page 1 of 212

Contact Us
Call +234 813 069 1462