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Power Minister reverses stance on revocation of licenses of underperforming DisCos 
March 12, 2024AdvertorialDistributionGenerationImpactPower

Power Minister reverses stance on revocation of licenses of underperforming DisCos 

… orders NERC to explore innovative strategies to compel DisCos to enhance power supply   Oredola Adeola   In a significant turn of events, Chief Adebayo Adelabu, the Minister of Power, after acknowledging that revoking the license of an electricity…

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Surge in vandalism, energy theft: IBEDC records 1,450 cases of illegal connections, meter bypass in 2 months
March 11, 2024DistributionGenerationNewsPowerTransmission

Surge in vandalism, energy theft: IBEDC records 1,450 cases of illegal connections, meter bypass in 2 months

… calls for a shift in customer perception towards payment, says electricity is not social service   Oredola Adeola   The Ibadan Electricity Distribution Company (IBEDC) grapples with a surge in vandalism and energy theft, recording over 40 incidents in…

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Abuja power outage: TCN blames low load allocation from GenCos
March 9, 2024DistributionGenerationNewsPowerTransmission

Abuja power outage: TCN blames low load allocation from GenCos

…disputes Gwagwalada tower vandalism as main cause    Oredola Adeola   The Transmission Company of Nigeria (TCN) has debunked the notion that the current power challenges in Abuja and environs, stem from the Gwagwalada tower vandalism incident which happened on…

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Misexpenditure of N1.2bn: President Tinubu suspends Salihijo, 3 other REA Directors  
March 8, 2024Energy TransitionFinanceGenerationGreen FinanceNewsPowerRenewablesSabotage

Misexpenditure of N1.2bn: President Tinubu suspends Salihijo, 3 other REA Directors  

. appoints a new interim management team, led by Aliyu    Oredola Adeola President Bola Tinubu has authorized the indefinite suspension of Ahmed Salihijo, the Managing Director/CEO, and three other key officials at the Rural Electrification Agency (REA) due to…

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“License revocation not your duty – seek advice first!”- electricity experts caution Power Minister
March 7, 2024DistributionEnergy TransitionFinanceGenerationNewsPower

“License revocation not your duty – seek advice first!”- electricity experts caution Power Minister

 Oredola Adeola    Electricity industry advisors and customer advocacy groups have reminded Chief Adebayo Adelabu, Power Minister that revoking the license of electricity distribution company (DisCo) is not within his jurisdiction. They have therefore charged the Minister to seek proper…

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Transcorp Power Plc makes NGX debut with 7.5bn shares listed at N240 per share, valuation surges to N1.98 trn
March 5, 2024ConcessionGenerationNewsPower

Transcorp Power Plc makes NGX debut with 7.5bn shares listed at N240 per share, valuation surges to N1.98 trn

  Oredola Adeola Transcorp Power Plc has made its debut on the Nigerian Exchange (NGX) through a listing of 7.5 billion ordinary shares of 50 kobo each at N240 per share by introduction, which saw 40 million shares worth N10.56…

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Kaduna DisCo assures 24/7 uninterrupted power supply for maximum demand customers
February 29, 2024DistributionGenerationNewsPower

Kaduna DisCo assures 24/7 uninterrupted power supply for maximum demand customers

  Oredola Adeola Kaduna Electric has promised to provide uninterrupted power supply 24 hours a day, 7 days a week, to its Maximum Demand customers and other segments, dedicated to elevating their operational efficiency, drive productivity, and ultimately lower expenses…

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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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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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