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Egbin Power’s Sustainable Impact on Communities through Healthcare Initiatives
Egbin Power’s Sustainable Impact on Communities through Healthcare Initiatives
PENGASSAN Urges FG to Raise Stake in Dangote Refinery to 45% for Energy Security
energy Oil and Gas oil-and-gas:Oil and Gas power renewables

PENGASSAN Urges FG to Raise Stake in Dangote Refinery to

September 25, 2024

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal Government, through the Nigerian National Petroleum Company (NNPC) Limited, to increase its stake in the Dangote Refinery to 45% in order to enhance the nation’s energy security. Festus Osifo, the President of PENGASSAN, made this statement on Tuesday during the […]Read More

World Bank Allocates $90 Billion Electricity Fund for Nigeria, Other African Nations
energy energy|oil-and-gas:Oil and Gas energy|power power renewables

World Bank Allocates $90 Billion Electricity Fund for Nigeria, Other

September 20, 2024

Nigeria and some other African countries are set to be beneficiaries of $90 billion in electricity funds backed by the World Bank and the African Development Bank. The fund is part of the global financial institution’s plan to provide electricity to the 300 million African population by 2023, a Bloomberg report revealed. On Friday, leading […]Read More

NERC Approves Transfer Of Electricity Regulation To Kogi
energy power

NERC Approves Transfer Of Electricity Regulation To Kogi

September 18, 2024

The Nigerian Electricity Regulatory Commission has issued an order to transfer regulatory oversight of the electricity market in Kogi State from the Commission to the Kogi State Electricity Regulatory Commission (KSERC). A statement by the regulator on Wednesday said the move complies with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the […]Read More

NERC Implements N1.6bn Fine Against Abuja Disco
energy power

NERC Implements N1.6bn Fine Against Abuja Disco

September 13, 2024

The Nigerian Electricity Regulatory Commission has imposed a fine of ₦1.69 billion on Abuja Electricity Distribution Company (AEDC) for overbilling customers. According to NERC, the fine is based on AEDC’s non-compliance with the commission’s previous order on capping estimated billing for electricity consumers. The penalty was contained in documented ‘Order NERC/2024/114’ issued by the commission. […]Read More

Mainstream Energy Restores Key Operation Bridge After Flood Collapse
energy power

Mainstream Energy Restores Key Operation Bridge After Flood Collapse

September 1, 2024

Mainstream Energy Solutions Limited, the operators of the Kainji, Jebba, and Zungeru hydropower plants, has repaired the Sabon Pegi Bridge within 24 hours after its collapse due to heavy rainfall on Friday.  In an official statement signed by Olugbenga Adebola, Head of Corporate Communications at the company, the flash floods caused the collapse of the […]Read More

Jos DisCo Refunds N13 Billion to Overcharged Customers
power

Jos DisCo Refunds N13 Billion to Overcharged Customers

August 28, 2024

Jos Electricity Distribution Plc (JED) has refunded N13 billion ($16.8 million) to postpaid customers who were erroneously overbilled between January and September 2023, following a directive from the Nigerian Electricity Regulatory Commission (NERC), the company said on Tuesday. The refund affected 52,000 customers across Benue, Bauchi, Gombe, and Plateau States, according to a statement by […]Read More

FGN Power Company, Partners Sign $118M Deal for DisCos Line Upgrade
power

FGN Power Company, Partners Sign $118M Deal for DisCos Line

July 31, 2024

The Federal Government of Nigeria Power Company (FGNPC) has signed an Engineering, Procurement, Construction, and Financing (EPC&F) contract worth $118.12 million with Elsewedy Electric and Power China. The deal, finalised on Wednesday in Abuja, is for the rehabilitation and construction of 2,670 kilometers of 33kV, 11kV, and 400V distribution lines across Nigeria. The contract, which […]Read More

NERC: Discos Earned N291.6bn, Cut ATC&C Losses by 5.7% in Q1
power

NERC: Discos Earned N291.6bn, Cut ATC&C Losses by 5.7% in

July 29, 2024

A new report by the Nigerian Electricity Regulatory Commission (NERC) reveals that power Distribution Companies (Discos) in Nigeria earned N291.62 billion in revenue in Q1 2024. Simultaneously, the power sector regulator has prohibited NBET from entering into new contracts. The latest data shows that the N291.2 billion was collected from N368.65 billion billed to customers, […]Read More

NBET to exit Nigerian electricity market as NERC licenses new bulk buyers
power

NBET to exit Nigerian electricity market as NERC licenses new

July 29, 2024

The Nigerian Bulk Electricity Trading Plc (NBET) is set to exit the electricity market as the Nigerian Electricity Regulatory Commission (NERC) licenses multiple firms. These firms are to buy and sell electricity in bulk from the power generation companies (GenCos). This is according to an order signed by NERC Chairman Sanusi Garba and Dafe Akpeneye, […]Read More

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