Oil and gas operators have raised the alarm over Nigeria’s electricity and gas pricing structure, warning that failure to adopt cost-reflective tariffs could leave the country’s gas-to-power sector with a crippling N6 trillion debt burden, especially if generation expands to 10,000 megawatts. Speaking on the sidelines of the Nigerian Oil and Gas (NOG) Energy Week […]
Despite the Ministry of Power’s promise that President Bola Tinubu would soon meet with power generation companies to discuss the N4.7tn debt owed to them, there has been a deafening silence, with no communication extended to the GenCos nearly two months later, The PUNCH reports. Last month, the Federal Government said that it planned to pay N2tn […]
The Nigerian Independent System Operator (NISO) has reaffirmed its commitment to digitising the national electricity grid and joining the regional grid synchronisation efforts led by the Economic Community of West African States (ECOWAS). This comes as Nigeria remains one of the only countries in the region yet to connect its grid to the West African […]
The Presidency said it has begun processes to pay ₦2 trillion from a total ₦4 trillion legacy debts owed for electricity generated and supplied to the national grid. A representative of the Special Adviser to the President on Energy, Olu Verheijen, revealed this at a Nigerian Electricity Supply Industry (NESI) stakeholders meeting organised by the […]
The failure has led to a reduction of approximately 350 megawatts in bulk power supply to Lagos, significantly impacting customers under the Eko and Ikeja Electricity Distribution Companies. The Transmission Company of Nigeria (TCN) has confirmed a major disruption to electricity supply in Lagos following a transmission line cut. According to a statement issued by […]
Power distribution companies have decried the persistent non-payment of electricity bills by the military and government ministries, departments, and agencies, stressing that this is also responsible for the challenges facing the country’s power sector. They also threatened to sue the military following the vandalism of the Ikeja Electricity Distribution Company by armed Air Force men. […]
Kaduna Electric has secured the conviction of one Ibrahim Mohammed, who was found guilty of vandalizing the company’s electricity installations in Gidan Daji community, Kaduna. The Chief Magistrate, Court 2, Daura Road, Kaduna, sentenced the culprit to a 12-month prison term. Besides, the court also ordered him to pay ₦1,500,000 as compensation to Kaduna Electric […]