DisCos support FG’s N1trn debt restructuring plan

Power distribution companies (DisCos) on the platform of Association of Nigerian Electricity Distributors (ANED), yesterday threw its weight behind plans by the Federal Government...

NDPHC says it is committed to Magboro power project

The Managing Director, Niger Delta Power Holding Company Limited, Mr. Chiedu Ugbo, has said the company is committed to energising the line that is...

14 solar IPPs get six month extension on execution of PPAs with NBET

The execution window for the power purchase agreements (PPAs) of Nigeria’s 14 pioneer utility scale solar plants has been extended by six months to...

Captive power can boost SMEs productivity – GTBank report

A report by The Corvus, a financial and economic publication of Guaranty Trust Bank Plc, has said that captive power possesses huge potential that...

EEDC gives conditions to restore power in 3 Enugu LGs

The Enugu Electricity Distribution Company (EEDC), has given three stringent conditions which if met, the company would restore electricity to Isi-Uzo, Udenu and Nsukka...

Nigeria’s transmission network requires N1.8tr in funding over 5 yrs – FG

The Federal Government has said that Nigeria’s power sector required an investment of $5billion (N1.8 trillion) in the next five years to solve transmission...

Nigeria ranks 2nd lowest globally with 75m lacking electricity – World Bank

Nigeria ranks 2nd lowest with 75 million without household electricity according to World Bank’s database, while a total of 1,030billlion people worldwide, are currently...

Nigerian companies waste 50% of energy despite power challenges – SON

The Standards Organisation of Nigeria (SON) has revealed that companies operating in the country waste about 50% of their energy in spite of epileptic...

Nigerians spend $5bn on generators annually – Dogara

The Speaker of House of Representatives, Mr Yakubu Dogara, said it was unacceptable that Nigerians spent $5bn on generators annually, The Punch reports. Dogara stated...

EKEDC restores electricity to areas affected by flood on the island

The Eko Electricity Distribution Company (EKEDC) says it has restored electricity supply to areas where its injection substations and equipment were submerged by flood...

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...