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Tag: Electricity

FG targets 6500 megawatts power generation in six months
Electricity

FG grants company license to generate 723MW

The Federal Government has approved the issuing of two power-generating licences totaling 723 megawatts. The Punch reported that when the power projects were finished, the country’s electrical output would increase by more than 700MW. After the successor electricity generating and distribution arms of the industry were unbundled and privatized in November 2013, power sector operators […]

FG targets 6500 megawatts power generation in six months
Electricity

Nigerian electricity market operators to assess performance

Nigerian electricity market operators on Tuesday, announced intentions to assess the performance of the Nigerian Electricity Supply Industry in the country. According to Premium Times, at a press conference on Tuesday in Abuja, the chairman of the NESI market participants and stakeholders roundtable planning committee, Stephen Ogaji, revealed this. The Transmission Company of Nigeria, the Distribution Companies, the Generation […]

Manufacturers warn price hikes to persist without solutions
Business

Manufacturers spent N119bn on electricity in nine years – MAN

Manufacturers’ Association of Nigeria has reported that manufacturers spending on alternative energy sources increased by 82% between 2014 and 2022,  from N25 billion to N144 billion excluding power from distribution companies. According to The Punch, this is based on information compiled from the Manufacturers Association of Nigeria’s annual and biannual reports. The documents state that manufacturers spent […]

Chinese researchers discover means to harvest electricity from raindrops
Tech

Chinese researchers discover means to harvest electricity from raindrops

Researchers from Tsinghua University in China have introduced a revolutionary method to generate electricity from raindrops. Utilizing a device called a triboelectric nanogenerator, the team devised a system that effectively harnesses raindrop energy and converts it into electricity. Triboelectric nanogenerators, commonly used to harvest energy from waves, faced limitations when applied to droplets (D-TENGs). To […]

FG, AfDB discuss Coastal, trans-sahara highway projects funding
Electricity

Nigeria loses $29bn annually to poor electricity supply – AfDB

The African Development Bank has stated that Nigeria loses $29 billion yearly owing to inadequate power supplies, while manufacturers in the country spend up to N10.1 trillion on energy. The president of the African Development Bank, Dr. Akinwumi Adesina, revealed this information on Thursday as he expressed concern about Nigeria’s epileptic power supply and called for an industrial revolution […]

NERC considers increase of prepaid meters
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Electricity tariff to increase as DisCos demand review

The 11 power distribution firms in Nigeria have requested a review of their varied electricity tariff, according to a statement released by the federal government on Thursday. This was done in order to take into account changes in the macroeconomic parameters across the country. The Nigeria Electricity Regulatory Commission published a notice that made this […]

FG targets 6500 megawatts power generation in six months
Electricity

Only 53% electricity capacity is utilized in Nigeria – NERC

The Nigerian Electricity Regulatory Commission has stated that just 53% of the country’s available electricity capacity is being used. According to The Guardian, this was announced on Wednesday by the Vice Chairman and Commissioner of Market, Competition, and Rates at NERC, Musiliu O. Oseni. Oseni made the announcement during his address to attendees at the NERC’s Stakeholder Workshop on […]

AEDC refutes tariff increase reports
News

AEDC refutes tariff increase reports

The Abuja Electricity Distribution Company has stated that, contrary to media claims, it has not raised electricity pricing. Nairametrics reported that some media outlets stated that AEDC had announced an upcoming tariff rise despite not having received NERC’s approval. The announcement also coincided with energy experts’ expectations that electricity rates will rise as a result of the controlled […]

Discos failed to remit N208bn in 2022- FG
News

Discos failed to remit N208bn in 2022- FG

      The Federal Government has reported that in 2022, power distribution companies failed to remit N208.8bn to the Nigeria Electricity Supply Industry. The Nigerian Electricity Regulatory Commission’s Fourth Quarter 2022 Report, along with reports from the preceding quarters, indicate that the Discos failed to make full remittances during this period. The Discos refer […]

Minister of Power, Abubakar Aliyu
Business

Nigeria electricity cheapest globally – FG

The Minister of State for Power, Abubakar Aliyu, has claimed that electricity consumption in Nigeria is the cheapest in the world and is highly subsidized by the federal government. According to The Punch, the minister revealed this on Thursday in Abuja during an interactive session with the Senate Committee on Power and heads of various […]

Global giants Rockefeller, Bezos plan 10,000MW mini-grids in Nigeria
News

FG disconnects power from national grid over rules violation

    The federal government announced announced on Tuesday that it had begun the process of disconnecting certain power companies from the national grid due to their violation of the Electricity Market Rules. The government did not identify the damaged power facilities but did clarify that the laws governing the Nigeria Electricity Supply Industry were […]

NASENI's solar-powered bikes, others commendable - Senate
Electricity News

NASENI launches $325.8m solar cells plant project

The National Agency for Science and Engineering Infrastructure’s Executive Vice Chairman and Chief Executive Officer, Prof. Mohammad Sani Haruna, announced on Wednesday that the organization has started construction on a $325,860,690 solar cell manufacturing facility in an effort to make electricity more affordable. In the country’s energy sector, he claimed, the facility is a game changer. […]