FG injects N600bn into power sector
The power sector is going to get N600 billion intervention from the federal government very soon. President Muhammad Buhari has signed for the release of the fund, it was gathered on Wednesday in Abuja. Edmond Eje, the market operator, Transmission Company of Nigeria, disclosed this while speaking on the sidelines of the third MO interactive […]
TCN frustrating power sector, says Discos
The electricity distribution companies (Discos) have accused the Transmission Company of Nigeria (TCN) of frustrating the power sector, saying that the national grid, under the TCN, can carry only 4,557 megawatts (mw). Speaking in Abuja, Sunday Oduntan, the executive director of Association of Nigerian Electricity Distributors (ANED), suggested that the transmission network needs to be […]
Nigeria operates uneconomic, illiquid gas, power sectors
Dada Thomas, Managing director of Frontier Oil limited and serving president of the Nigeria Gas Association spoke to business a.m. on the investment climate in the Nigerian gas and power sector, and the myriad of challenges operators face, from pricing to fiscal laws governing operations in the sector, as well as the way forward to […]
Nigeria loses more than 3,000 megawatts power output after pipeline fire
A fire at a Nigerian pipeline interrupted gas supplies to companies generating more than 3,000 megawatts in Africa’s most populous nation, the government said. The fire at the Escravos-Lagos pipeline owned by the Nigerian National Petroleum Corp. in the southern Edo state required a shutdown of the pipeline supplying gas to the 1,320-megawatt Egbin power […]