Tag: Power Plant

Power crisis worsens as National grid collapses again
News

FG to allocate $800m for new power substations, distribution networks

The Federal Government has announced plans to release $800 million for the construction of new power substations and distribution networks under the Presidential Power Initiative. This move is part of ongoing efforts to enhance Nigeria’s power infrastructure and address chronic electricity supply issues. The Minister of Power, Adebayo Adelabu, made this announcement during a facility […]

Power crisis hits manufacturers as energy costs rise 27%
Business

FG plans to sell five power plants for $1bn

The Federal Government, through the Bureau of Public Enterprises, is now conducting transactions to sell five power plants under the National Integrated Power Projects for around $1.15 billion. Although individuals involved with the development said that the cost of the plants should surpass $5 billion based on worldwide benchmarks, they revealed that the BPE was […]

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