Reserved bidder may take over Enugu power firm

The Reserved bidder for the Enugu Electric Distribution Company may take over the power firm soon despite alleged lobbying by the preferred bidder after...

AFC, Nigerian banks provide funds for N34bn Ughelli plant acquisition

Africa Finance Corporation and three Nigerian banks — United Bank for Africa Plc, First City Monument Bank Plc and Fidelity Bank — yesterday, stated...

FG to complete 11 power plants by 2014

The Minister of Information, Mr. Labaran Maku, has said all the 11 power plants being constructed by the Federal Government will be completed before...

Consumers will not be subjected to bi-annual price increases – NERC

Consumers will not be subjected to increases in electricity tariff twice a year, according to the Nigeria Electricity Regulatory Commission (NERC). This came just as...

FG reshuffles board, management of TCN

The Federal Government has reshuffled the supervisory board and management team of the electricity transmission company, the Transmission Company of Nigeria, TCN. It has also...

Defaulting power bidder lobbies NCP to bend rules

The lobbying by Interstates Electrics, the preferred bidder for Enugu Distribution Company (Disco), to make the National Council on Privatisation (NCP) to bend the...

Investors in power firms can now take possession –FG

The Federal Government on Thursday said the preferred bidders for the power generation and distribution companies who met the deadline for the payment of...

How $1bn power sector Eurobond will be spent – DMO

The $1billion Eurobond meant for public power supply stabilisation in Nigeria will not only be tied to the envisaged projects, but also closely monitored...

FG to inaugurate seven power plants, 150 substations

The Minister of Power, Prof. Chinedu Nebo, said on Wednesday that seven power plants and 150 new substations built across the country were ready...

FG may have raked in N358.04bn from PHCN asset sales

All things being equal, the Federal Government may have raked in about $2.238 billion or N358.045 billion from the sale of 15 Power Holding...

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