FG yet to allot equity to Disco staff – BPE

The Federal Government is yet to allot the 10% equity shareholding in the privatised power distribution companies to its workers because some state governments...

NNPC to construct metering plant to meet Egbin Power Plant expansion

The Nigerian National Petroleum Corporation is to build 500million standard cubic feet of gas per day metering plant to serve the planned capacity expansion...

Forte Oil unveils its growth plans for improved operations

According to the Group Executive Director, Finance and Risk Management, Forte Oil Plc, Julius Omodayo-Owotuga, the company is planning to deepen its focus on...

‘Planned 20,000 Mw of power is inadequate’ – Green Elec CEO

Green Elec Chief Executive Officer,  Mr. Marcel Hochet, has said that the Federal Government‘s  20,000 megawatts (Mw) of electricity target is too small for...

Experts say power investors don’t have knowledge of sector

The Council on African Security and Development, a research-driven body of experts and academics, has said that most private investors in the successor companies...

Benin, Niger Republics owe Gencos $92m in electricity bills – NBET

The Nigerian Bulk Electricity Trading Plc (NBET) has said that electricity generation companies (Gencos) in Nigeria’s power sector are still being owed about $92,315,986.20...

NERC may disband boards of Discos over poor performance

The Commissioner for Engineering Performance and Monitoring, Nigerian Electricity Regulatory Commission (NERC), Prof. Frank Okafor, has disclosed that the agency has initiated a regulatory proceeding...

10 GenCos get N12bn as FG begins disbursement of N701bn stimulus

The Nigerian Bulk Electricity Trader (NBET) has disclosed that about 10 generating companies (GenCos) have received N12 billion from the N701 billion intervention fund...

DisCos plan to sue FG over ‘eligible customer’ policy

The distribution companies (DisCos) have been consulting among themselves in recent weeks over the declaration of the eligible customers policy in the Nigerian electricity...

FG to distribute three million prepaid metres to citizens – Fashola

Babatunde Fashola, the Minister of Power, Works and Housing, disclosed in Lagos on Sunday that more than three million pre-payment meters are to be...

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