Power-generating companies in Nigeria have lost a staggering N2.31tn over the last twelve years due to electricity that could have been generated but was left unused as a result of grid and operational constraints, The PUNCH reports. Read More
In furtherance of their active participation in the Nigerian power sector as empowered by the Electricity Act 2023, the 36 states of the Nigerian Federation have indicated their readiness to sign bilateral power contracts with willing generation companies (Gencos) in order to get more electricity supplied to the people at the state level. Read More
The Minister of Power, Adebayo Adelabu, has warned electricity distribution companies across the country that the Federal Government will enforce stricter conditions for the renewal of their operational licences, including a new capital adequacy requirement. Read More
The Nigerian Electricity Regulatory Commission has rolled out activities to commemorate its 20th anniversary, marking two decades of shaping, reforming, and regulating Nigeria’s electricity supply industry. Read More
Apparently overwhelmed by the country’s power woes, the Federal Government is pushing this challenge to the 36 states, asking them to take over power generation, transmission, and distribution. Read More
Nigeria has signed a landmark agreement with Siemens Energy to deliver the first phase of the Presidential Power Initiative (PPI), a $2.3 billion infrastructure project expected to add 7,000 megawatts of operational capacity to the national grid, according to Power Minister Bayo Adelabu. Read More
Former Chairman of the Nigerian Electricity Regulatory Commission, Sam Amadi, has cautioned against hasty moves to amend the Electricity Act 2023, warning that such an action could derail the progress made in building a stable and competitive electricity market. Read More
Nigeria’s energy sector stakeholders will this week confront one of the sector’s biggest challenges, which is closing the $34.5bn funding gap needed to achieve universal electricity access by 2030, as stakeholders gather in Lagos for Nigeria Energy 2025. Read More
Power generation companies, yesterday intensified pressure on the Federal Government (FG) to urgently address the worsening liquidity crisis in the Nigerian Electricity Supply Industry (NESI) as debts owed to them have risen to N6 trillion. Read More
The Niger Delta Power Holding Company has announced the commencement of a four-week routine maintenance exercise at its 430-megawatt Geregu Power Plant in Kogi State. Read More