February 17, 2024DistributionFinanceGenerationImpactNewsPower

 GenCos lose nearly half of generated power worth N1.6 trn due to theft, billing inefficiencies, ATC&C losses- Adelabu 

  Oredola Adeola Adebayo Adelabu, Minister of Power has revealed that power generation companies (GenCos) are losing almost half of their supplied electricity due to theft, inefficiencies in billing and collection processes, resulting in a staggering NGN1.6 trillion shortfall in…

Readmore

February 15, 2024ConcessionDistributionFinanceGasGenerationMultilateral FinanceNewsOil & GasPower

REVEALED: How powerful individuals misled Buhari to approve $10m risk guarantee for Calabar IPP at citizens’ detriment

Oredola Adeola Nigeria’s former President Muhammadu Buhari was misled by high-ranking individuals to approve a US$10 million partial risk guarantee (PRG) for the Nigerian Bulk Electricity Trading Plc (NBET) to sign transaction documents with Accugas, a natural gas supplier to…

Readmore

February 13, 2024DistributionFeatureGenerationNewsPower

Sweltering heat, poor power supply: Calls grow for removal of Adelabu

  Oredola Adeola   Amidst sweltering temperature and irregular power supply, there is a growing public demand in Nigeria for the dismissal of Mr. Adebayo Adelabu, the Minister of Power, as the heat shows no signs of abating predictably until…

Readmore

February 12, 2024DistributionGenerationNewsPower

Electricity Act (Amendment) 2024: GenCos to set aside 5% for host community development

  Oredola Adeola The Electricity Act (Amendment), 2024, mandating 5 percent of the actual annual operating expenditures of electricity generation companies (GENCOs) from the preceding year be allocated for the development of their respective host communities, was signed into law…

Readmore

February 9, 2024DistributionGenerationNewsPowerTransmission

FG proposes settling domestic gas in Naira to tackle frequent power outages

Oredola Adeola   The Nigerian government has taken a strategic step to address a critical gas supply shortage threatening the operation of electricity generation companies (GenCos) with the proposal before the National Assembly to settle domestic gas to power thermal…

Readmore

February 5, 2024DistributionGenerationNewsPowerSabotageTransmission

Power grid struggles under Tinubu: Two major collapses plunge nation into darkness

Oredola Adeola On Sunday, January 4, 2024, Nigeria’s national power grid collapsed for the first time in 2024, plunging the country into darkness with two significant power system failures: a 59.9MW partial collapse at 11:21am and a complete blackout at…

Readmore

February 2, 2024DistributionGasGenerationImpactPowerTransmission

Power Outages: Adelabu constitutes power committee to address unpaid debts, low gas supply

Oredola Adeola Amid a significant decrease in power allocation to the eleven electricity distribution companies (DisCos), Adebayo Adelabu, Minister of Power, has formed a Power Committee to address the issue, attributing the decline to unpaid debts and low gas supply,…

Readmore

February 2, 2024AdvertorialGenerationPower

Egbin Power: Illuminating future, fostering development through education

    As a vehicle that catalyzes growth, education plays a pivotal role in the socio-economic development of communities and countries where it is given priority and commitment.   Hence, the rapid transformation that such societies undergo over the years…

Readmore