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
Eskom, South Africa’s main power supplier, recently announced the expiration of budget quotes for integrating four projects into the grid under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP). Initiated in 2020 to tackle the country’s energy issues, RMIPPPP sought to secure 2,000MW from diverse dispatchable technologies, such as gas, solar PV, wind, battery […]Read More
In the final quarter of 2023, European power producers achieved a significant milestone by generating more electricity from wind sources than from coal for the first time. According to data from the think tank Ember, Europe’s utilities produced a record-breaking 193 terawatt hours (TWh) from wind sites, surpassing the 184 TWh generated from coal-fired power […]Read More
Nigeria’s power supply has once again plummeted, falling from a high of 3,594.60 megawatts (MW) about 1:00 a.m. to a frightening 42.7 MW at the time of submitting this report. The Delta Power plant was the only operating power plant on the grid as of midday today, generating 41.00MW, while Afam provided only 1.7MW. This […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has made available six ways Nigerians can reduce their electricity bill. The tips were shared by the Commission through its official Twitter handle on Thursday, July 27, 2023. These tips are helpful for both metered and non-metered customers, so they do not have to pay so much for electricity […]Read More
The Nigeria Labour Congress (NLC) has called on the Federal Government to shelve the planned electricity tariff hike expected to be effective from July 1, 2023. According to a statement signed by Joe Ajaero, President of the Congress, the plan to increase electricity tariff by 40 percent by July 1st is both insensitive and callous […]Read More
Algeria has allocated 260 billion dinars ($1.93 billion) to cut energy consumption by 10 percent by 2030, a senior official said on Sunday, according to the state news agency. Marouane Chaaban, head of the Algerian National Agency for the Promotion and Rationalisation of Energy, said the money will be used to implement a 2023-2030 plan […]Read More
Copyright © 2022, Energy Planets. All rights reserved
Join our mailing list to receive the latest news and updates from our team.
