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EKEDC battles transformer sabotage with over 100 units stolen
February 23, 2024DistributionImpactNewsPower

EKEDC battles transformer sabotage with over 100 units stolen

  Oredola Adeola   The Eko Electricity Distribution Company (EKEDC) has revealed that over one hundred transformers have fallen victim to acts of sabotage and theft, stating that each damaged unit costs approximately one million Nigerian Naira with even higher…

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Electricity subsidy extension: Consumers advocacy leaders blast Senate
February 22, 2024DistributionGasGenerationNewsPower

Electricity subsidy extension: Consumers advocacy leaders blast Senate

… Adegbemle says “electricity is now considered a commodity, not public utility” Oredola Adeola Electricity rights advocates and energy experts have criticized the Nigerian Senate for proposing to extend electricity subsidies in the face of national challenges, they therefore cautioned…

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Nigerian judges embark on comprehensive power industry training
February 21, 2024DistributionFinanceGenerationNewsPowerTransmission

Nigerian judges embark on comprehensive power industry training

  Oredola Adeola Nigerian judges have taken a proactive step towards enhancing legal competence within the judicial system by embarking on a comprehensive training program organized by the Nigerian Electricity Regulatory Commission (NERC), aimed at equipping judges and other participants…

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Uncertainty, multiple taxation hinder energy security, threaten Nigeria’s prosperity- NNPC GCEO warns
February 21, 2024FinanceGasImpactOil & GasOil theftSabotageSecurityUpstream

Uncertainty, multiple taxation hinder energy security, threaten Nigeria’s prosperity- NNPC GCEO warns

Oredola Adeola Mele Kyari, Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd), has identified lack of investment in the energy sector due to uncertainty in the business environment and multiple taxation as impediments to…

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FG confirms transfer of $1.3 billion Zungeru hydroelectric power plant to Penstock Ltd
February 21, 2024FeatureGenerationGreen FinanceHydroplantPower

FG confirms transfer of $1.3 billion Zungeru hydroelectric power plant to Penstock Ltd

Oredola Adeola The Nigerian Government has confirmed that the transfer of ownership of the Zungeru Hydroelectric Power Plant to Penstock Limited took place on January 23, 2024, following the settlement of the project’s commencement fee on January 5, 2024. Stanley…

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Tinubu agrees to settle N342m Presidential villa outstanding electricity debt
February 21, 2024DistributionFinanceNewsPower

Tinubu agrees to settle N342m Presidential villa outstanding electricity debt

  Oredola Adeola The Presidency has stepped up to the plate, promising to settle the Presidential Villa’s outstanding electricity bill with Abuja Electricity Distribution Company (AEDC), which was initially disputed by the DisCo at N923 million, and now confirmed to…

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Tanker drivers strike: MEMAN takes action, assures fair transportation rates for smooth petroleum products supply 
February 20, 2024DownstreamNewsOil & Gas

Tanker drivers strike: MEMAN takes action, assures fair transportation rates for smooth petroleum products supply 

  Oredola Adeola   Amidst potential fuel crisis due to ongoing tanker drivers’ strike, the Major Oil Marketers Association of Nigeria (MEMAN) has stepped in, assuring that individual marketers and their respective transporters  are negotiating a solution that will keep…

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Abuja DisCo issues Presidential Villa, Power Ministry, 85 defaulting MDAs 10-day ultimatum to clear N47bn electricity bill
February 19, 2024DistributionFinanceNewsPower

Abuja DisCo issues Presidential Villa, Power Ministry, 85 defaulting MDAs 10-day ultimatum to clear N47bn electricity bill

  Oredola Adeola   The Abuja Electricity Distribution PLC (AEDC) has issued a 10-days ultimatum to 85 Government Ministries, Departments and Agencies (MDAs) including the Ministry of Power, DSS, Presidential Villa, the Chief of Defence Staff-Barracks and Military formations, among…

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National grid plunges to 0MW for third time in 2024
February 19, 2024DistributionNewsPowerTransmission

National grid plunges to 0MW for third time in 2024

Oredola Adeola   The Nigerian power grid experienced a staggering collapse, leaving electricity distribution companies (DisCos) with a shocking 0 Megawatts (MW) between 3:00 am and 7:00 am on Monday, February 19, 2024, before it later changed 3,072MW around 7:10am…

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WIEN honours Aradel Holdings PLC MD/CEO with gender advocate of the year award
February 19, 2024DocumentaryNewsOil & GasPowerRenewables

WIEN honours Aradel Holdings PLC MD/CEO with gender advocate of the year award

  Oredola Adeola   The Women In Energy Network (WIEN) has recognized Gbite Falade, the Managing Director/Chief Executive Officer of Aradel Holdings PLC, with the WIEN Gender Advocate of the Year award. Eyono Fatayi-Williams, President of WIEN, and her team,…

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