March 6, 2024DistributionNewsPowerTransmission

 Adelabu, Minister of Power, threatens DisCos with license revocation for power distribution failures

Oredola Adeola   Adebayo Adelabu, the Minister of Power, has issued a stern warning to distribution companies (DisCos) failing to effectively distribute power supplied by Transmission Company of Nigeria (TCN), vowing decisive action by revoking licenses and other severe consequences…

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March 5, 2024DistributionImpactPower

FCCPC vows 24/7 vigilance for consumer rights, urges swift action from DisCos

  Oredola Adeola The Federal Competition and Consumer Protection Commission (FCCPC) has reaffirmed its commitment to maintaining a 24/7 presence to ensure that electricity distribution companies (DisCos) adhere to the right standards and has urged them to create a swift…

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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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March 1, 2024DistributionImpactNewsPowerTransmission

President Tinubu reconstitutes FGN Power Company Ltd mgt team, reappoints Anuwe, Prof. Lawal

  Oredola Adeola President Bola Tinubu has initiated the restructuring of key members to the management team of the FGN Power Company Limited, with the reinstatement of Kenny Osebi Anuwe as the Chief Executive Officer and Prof Mamman Lawal as…

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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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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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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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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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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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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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