NIPP reserve bidder, Yellowstone deposits U.S.$91 million bond for Geregu plant

Israeli firm, Yellowstone/Quantum Power Consortium which emerged reserve bidder to acquire the 506 megawatts Geregu thermal plant in the ongoing privatisation of power generation...

Discos push for increase in electricity tariffs

Distribution companies (Discos) may put pressure to raise electricity tariffs further with an argument that increasing prices from present levels would enable them pay...

NERC retains N750 fixed charge for electricity consumption

Power consumers in the country will from June 1 this year pay N750 as fixed charge for electricity instead of N1,500 that should have...

New transmission facility to improve power supply in Lagos, Ogun states

The hand over of new transmission facility to the Transmission Company of Nigeria (TCN) by the Niger Delta Power Holding of Nigeria (NDPHC) is...

Power generation drops by 431MW

Power generation dropped to 3,674 megawatts on Saturday, May 24, 2014 from the peak of 4,105MW recorded last month, representing a 10.49 per cent...

Govt to build new super grid power transmission system – BPE

The Director-General, Bureau of Public Enterprises (BPE), Mr Benjamin Dikki, says the Federal Government has concluded plans to build a super grid power transmission...

Fed Govt reneges on power subsidy reimbursement

The Federal Government has failed to live up to its promise of subsidising power consumers as stipulated in Multi-Year-Tariff-Order 11 referred to as MYTO...

Power: FG faults claims on banks’ collapse

The Federal Government, yesterday, urged investors to discountenance claims of the imminent collapse of commercial banks that invested in the nation’s power sector. Director General...

Honeywell, US agency sign agreement for N31bn Sagamu IPP

The Honeywell Group and the United States Trade Development Agency (USTDA) Thursday signed a grant agreement for a feasibility study on the company’s N31...

Power: NERC pressures Discos on quality delivery

The Nigerian Electricity Regulatory Commission (NERC) on Tuesday assured electricity consumers that it has instituted a peer review mechanism as part of measures to...

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