In a landmark ruling, the Niger State High Court in Minna has awarded a staggering N1.1 trillion in compensation to the Samboro community in Rafi Local Government Area. This compensation is for the severe hardships endured due to the Zungeru Hydroelectric Power Project situated in the region. Justice Mohammed Mohammed, presiding over suit no: NSHC/6/2023 […]Read More
The Honorable Minister of Power, Adebayo Adelabu, has commended the company’s noteworthy performance and pledged unwavering support towards improving the nation’s power landscape. He made this known while visiting Ikeja Electric Plc on Thursday, March 14, 2024, marking a significant step towards addressing Nigeria’s power challenges. During his visit, Minister Adelabu emphasised the crucial need […]Read More
In a bid to enhance the nation’s power supply, the Federal Government has issued a directive to the Nigerian Electricity Regulatory Commission (NERC) to revoke licenses of non-performing electricity distribution companies (DisCos). Adebayo Adelabu, Minister of Power, made this known during a crucial meeting with agency heads held in Abuja on Monday. Addressing the gathering, […]Read More
President Bola Tinubu has greenlit the reconstitution of the Board of the Nigeria Electricity Liability Management Company (NELMCO), marking a pivotal moment in the country’s quest for an efficient and robust power sector. This move comes with a significant modification to the NELMCO Board structure, signaling a strategic shift in governance aimed at enhancing the […]Read More
In a significant development, Governor Usman Ododo of Kogi State has revealed the successful recovery of 53 stolen transformers from the state. This declaration emphasises the government’s unwavering commitment to combating crime in the North-Central region. According to a statement issued on Monday by Ismaila Isah, the Special Adviser on Media to the governor, Ododo […]Read More
Transcorp Power Plc was listed on the Nigeria Exchange on Monday, March 4, with a 10 percent gain and a closing share price of N264. This gives us a valuation of N1.98 trillion, which means it made a whopping N180 billion on its first day of trading. The company, which is listed on the exchange […]Read More
Transcorp Power, one of Nigeria’s leading energy companies, has unveiled plans to list on the Nigerian Exchange Limited (NGX), with a significant market capitalisation pegged at N1.8 trillion. In a statement obtained by EnergyPlanets, Transcorp Power announced its intention to introduce 7,500,000,000 Ordinary Shares, each valued at 50 kobo, at a price of N240.00 per […]Read More
Amidst concerns over Nigeria’s electricity supply, Minister of Power, Adebayo Adelabu, has hailed Azura Power West Africa as a role model for power plants in the country. During a visit to the Azura power plant in Benin City, Adelabu commended its operational efficiency and highlighted its potential to address Nigeria’s power challenges. Azura power plant […]Read More
Kaduna Electric has announced its intention to comply with the directive from the Nigerian Electricity Regulatory Commission (NERC), requiring the refund of overbilled customers. This decision comes following NERC’s enforcement action against distribution companies, including Kaduna Electric, for failing to adhere to the commission’s Capping Order aimed at preventing excessive billing for unmetered customers. According […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has issued two licences to the Alaro Connect Free Zone Enterprise at Alaro City in Epe, Lagos State, to generate and distribute electricity within the free zone. According to NERC, the first license is designated for Embedded Electricity Generation, enabling the enterprise to generate up to 10 megawatts of […]Read More
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