Jonathan says labour issues won’t disrupt power handover; inaugurates Omotosho 11 plant

President Goodluck Jonathan has said that labour issues, especially the payment of workers’ entitlements, will not stop the Federal Government from physically handing over...

FG clears 40,093 PHCN staff for severance benefit

Director General, Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki has said 40,093  workers of  the   Power Holding Company of Nigeria (PHCN) had...

We should work towards 160,000mw next year – Nebo

Minister of Power Prof. Chinedu Nebo has urged Nigerians to look beyond 10,000 Mega Watts (MW) for a population of 170 million people next...

Lagos inaugurates Alausa power project

The Lagos State Government Thursday inaugurated  the 10.4mw Alausa Power Project, which was expected to supply power to the state secretariat in Alausa and...

BPE transfers $2.5bn PHCN privatisation proceeds to OAGF

The Bureau of Public Enterprises (BPE) Thursday disclosed that it had remitted proceeds from the sale of 14 successor generation and distribution companies of...

DFIs, banks waiting to finance $4.5bn NIPP plants purchase

Following the successful privatisation of the Power Holding Company of Nigeria’s (PHCN) 10 distribution companies (Discos) and five generation companies (Gencos), development finance institutions...

Labour petitions govt over handover of PHCN assets on Nov. 1

Citing pending issues, the Nigeria Labour Congress (NLC) has petitioned the Federal Government faulting the planned November 1, 2013 handing over of the Power...

Manufacturers to build power plants in 28 business clusters

The Manufacturers Association of Nigeria (MAN) has embarked on the construction of power plants in all the 28 business clusters around the country. This, according...

Concerns over Sapele GENCO’s fate in PHCN assets privatisation

Privatisation of major power assets, spearheaded by the Bureau of Public Enterprises (BPE), has been largely successful, culminating in the sale of six generating...

Only a few PHCN workers had been paid severance benefits — SSAEAC

Senior Staff Association of Electricity and Allied Companies, SSAEAC, has dismissed government claims that most of the workers of Power Holding Company of Nigeria,...

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