Nigeria loses 4% of GDP to power supply- BPE boss
Between 3 per cent to 4 per cent of Nigeria’s Gross Domestic Product (GDP) is lost to shortage of power supply, according to the Director General, Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki
In his paper, “Update on Post-Privatization Issues” on Monday at the inaugural National Council on Nigeria in Abuja, Dikki said that power supply has a direct relationship with the affluence of a country. Read more
NERC: State govts should subsidise electricity tariff
To improve electricity generation and distribution, the Chairman, Nigeria Electricity Regulation Commission (NERC), Dr. Sam Amadi yesterday charged state governments to subsidise electricity tariffs.
Amadi, who spoke at the inaugural National Council on Power (NACOP) summit in Abuja, also advised the state governments to partner with the new owners of generation companies to build generation plants. Read more
Criticisms trail delay in sale of Kaduna Disco
Stakeholders in the power sector have decried the delay by the Bureau of Public Enterprises in the sale of Kaduna Electricity Distribution Company (Kaduna Disco), following the alleged failure of the preferred bidder to balance the 75 per cent payment of N19 billion on the asset.
Meanwhile, to further consolidate the gains of the power sector, the National Council on Power took off yesterday with an inaugural meeting by the Federal Government, states and all the relevant stakeholders. Read more
Abuja residents grumble over power instability
Some residents of Abuja have lamented the continuing instability of electricity in their areas and accused the electricity distribution company in the territory of not trusting itself to provide uninterrupted power supply by keeping stand-by generators at its service centres.
The residents drew attention of Abuja Xtra to one of the service centres located at PW, Kubwa, where such generator was being used. Read more
Ughelli power’s N65bn investment raises capacity to 420MW
The core investor of Ughelli Power Plc has invested N65 billion into the power plant, raising the capacity from 170 megawatts, MW to 420MW since the handover of the Power Holding Company of Nigeria, PHCN, assets to successor companies in November 2013. Read more
FG to inaugurate power council to tackle challenges
Barring unforeseen developments, the Federal Government has concluded arrangements to inaugurate a National Council of Power, NCOP, this week, in Abuja.
The body when constituted would be charged with the responsibility of harmonising policies of various tiers of government as they relate to the power sector. Read more
FG, States, LGs partner to decentralise development of electricity sector
The federal government ,through two of its key agencies, the Bureau of Public Enterprises (BPE) and Nigerian Electricity Regulatory Commission (NERC), has said it is ready to commence a forensic probe of the extent of financial commitments so far made by the new owners of the various electricity distribution companies in the country. Read more
NERC Set to Cap Profiteering in Power Sector
The Nigerian Electricity Regulatory Commission (NERC) has put out for consultation two draft regulations, which are meant to checkmate unwholesome profiteering in Nigeria’s electricity sector.
The regulations on rate review and investments in electricity networks will, when enacted, discourage electricity distribution companies from seeking for spurious and unjustifiable review in electricity tariff as well as protect consumers from double payments for electricity services. Read more
Eko Disco to Introduce Customer-friendly billing System
Customers of Eko Electricity Company of Nigeria who have had cause to contend with the veracity of their monthly electricity bills may soon have reason to smile as the company has perfected plans to introduce what the Managing Director of the company, Engr. OladeleAmoda, described as a customer-friendly billing system to replace the current system that is dogged with complaints and controversy from customers. Read more