TCN Discos to complete 53 CBN-funded projects by May 2024
The Central Bank of Nigeria, the Transmission Company of Nigeria, and power distribution companies will complete 53 power projects worth N122 billion…
Electricity
Electricity news and updates
How increased electricity access will drive investment – Seplat
The Director of External Affairs and Social Performance at Seplat Energy, Chioma Afe, has stated that increasing access to electricity is critical for driving…
REA launches centre to monitor Nigerian mini-grids
The Rural Electrification Agency has established a control room centre in Nigeria to monitor mini-grids. According to The Punch, this updated Energy Management…
CBN, NBET, others owe N180bn energy debt – NDPHC
The Central Bank of Nigeria and the Nigeria Bulk Electricity Trading Company are estimated to owe between N150 billion and N180 billion for…
NERC makes N5.63bn in 2023 Q3
The Nigerian Electricity Regulatory Commission reported a revenue of 5.63 billion and an expenditure of 2.46 billion in the second quarter of 2023.…
Power consumers paid N268bn electricity bills in Q2 – FG
The Federal Government announced on Monday that power users spent N267.86 billion on electricity bills in the second quarter of this year.…
Power firms may disconnect Ajaokuta Steel over N25bn debt – NERC
The Federal Government has been informed by power distribution companies via the Nigerian Power Regulatory Commission that its facility, Ajaokuta Steel Co.…
Power transmission capacity hits 8,500MW – FG
Nigeria’s power transmission capacity has reportedly expanded to 8,500 megawatts, according to the Federal Government. The Punch reported that it did so…
FG, others partner to distribute 4000mw electricity
The Federal Government, Niger Delta Power Holding Company, Lagos, Ogun, and Oyo states have reached an agreement on bilateral trade to deliver 4,000…
Expect zero downtime, Eko Disco tells customers
A leading and customer-focused power utility firm, Eko Electricity Distribution firm has stated that it has added systems in place to ensure prompt response…
Electricity users critique minimal 9.42% rise in average power generation
Electricity users on Wednesday, condemned the 9.42 percent increase in average power generation over a seven-year period as “abysmally low.” According to the…
10 power distributors now active as 17 get licenses
The Federal Government said on Tuesday that 17 Independent Electricity Distribution Networks companies had received licenses, of which 10 are now in…