Black out as Nigeria’s national grid collapses

Businessam StaffSeptember 30, 2017

The Transmission Company of Nigeria (TCN) said a total system collapse of the national grid was recorded on Sept. 28 at 8:03 p.m., resulting in temporary loss of electricity generation. A statement from TCN’s management on Friday in Abuja said that reports obtained from power stations and the sequence of events generated by the Supervisory […]

TCN wheeled out 72,261.7 mw of electricity in four weeks – official

Businessam StaffAugust 29, 2017

The Transmission Company of Nigeria (TCN) Tuesday said it wheeled out 72,261.7 megawatts of electricity in the first four weeks of August. The daily statistics of TCN operations from Nigerian Electricity System Operator (SO), a section of the TCN, indicated that 34,853.3 megawatts were generated between August 1 and Aug 12. This was against the […]

UK power consumer, industry to save $52bn as power grid opens to batteries

Businessam StaffJuly 24, 2017

The U.K. government set out plans to help energy consumers and industry save as much as 40 billion pounds ($52 billion) on their bills by opening the electricity grid to battery storage devices and spurring low-pollution power plants, Bloomberg reports. The Department for Business, Energy and Industrial Strategy outlined plans to invest 246 million pounds […]

Power: Hard nut to crack in Nigeria, as economy suffers

BusinessamJuly 14, 2017

Nigeria rolled out a document at the end of the first quarter articulating what it sees as its way out of a power supply quagmire that has held it down for decades. The Power Sector Recovery Programme (PSRP), admits the economy is shorting itself of $25 billion (N7.5 trillion at central bank exchange rate of […]

Electricity companies intensify metering of households as NERC bare fangs

Obodo EjiroJune 19, 2017

Meter Manufacturers

Nigeria’s electricity distribution companies have stepped up efforts to meter over four million retail households in response to the Nigeria Electricity Regulatory Commission (NERC) directive that “no non-MD customer should henceforth be billed based on estimation to further validate the confirmation and assurance given by the DISCOs that all such customers are now metered.” Available […]

Nigeria’s power generation to increase by 340mw in December

Businessam StaffJune 9, 2017

The Federal Government’s planned addition of 20,000 megawatts of electricity to the national grid received a boost Thursday when Babatunde Fashola, minister of power, works and housing announced that about 340 megawatts of electricity would be added to the national grid by December, 2017. Fashola said this during his inspection tour of Afam Power Plant […]

Nigeria’s electricity concerns to ease as Forcados pipeline resumes

Olusegun AbisoyeJune 7, 2017

Fashola

Concerns over Nigeria’s epileptic power supply situation are expected to ease on the back of resumption of oil and gas production activities at the Forcados export pipeline. This is coming on the heels of Shell Petroleum lifting the Forcados force majeure. Power supply in Africa’s largest economy dropped significantly from 3,959 megawatts to 2,662mw in […]