Daily Archives: May 9, 2017

Money

Eskom Puts Pressure on ZESA Payments

Eskom Puts Pressure on ZESA Payments

On Monday, South African state-owned power utility, Eskom noted that notice has been given to the Zimbabwe Electricity Supply Authority (ZESA) to honour its increasing debt by the end of this month or it would be forced to cut its electricity supply. According to Engineering News, Zimbabwe owes Eskom R603 million [$44 million], of which R119 million [$8.6 million] is outstanding arrears.

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Review PHCN Privatisation now, Group urges Buhari, Lawmakers

A group known as South South Youth Consultative, Enlightenment and Mobilisation Council, SSYCEMOC, has charged President Muhammadu Buhari to urgently review the privatisation process of the the defunct Power Holding Company of Nigeria, PHCN. The group said only a review of the privatisation process of the power sector would save the nation from poor and

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KEDCO Blames Non-payment of Bills For Poor Power Supply

The Chief Operating Officer, Kano Electricity Distribution Company (KEDCO), Mr. Rahul Singh said Thursday that non-payment of  bills by customers has contributed so much to the low electricity distribution in the state, The Tide reports. The KEDCO’s Chief Operating Officer, made this disclosure during the company’s first quarter customers’ consultation forum held in Kano. According

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Nigeria Seeks $5.2 Billion From World Bank for Power Industry

Nigeria is seeking $5.2 billion from the World Bank to expand electricity generation and help the economy recover from its first contraction in 25 years. The bank’s private-sector lending arm, the International Finance Corporation, may invest about $1.3 billion in power projects and electricity distribution companies. Its political-risk insurer, the Multilateral Investment Guarantee Agency, could

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NEMSA to Audit Integrity of JEDC Smart Meters

Electricity consumers in Jos and its environs, and the management of the Jos Electricity Distribution Company, JEDC Plc, have agreed to send over 1000 JED smart metres to the Nigerian Electricity Management service Agency (NEMSA’s) office in Kaduna, for accuracy and validity test. This follows a series of complaints and petitions trailing the installation of

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Cross River Govt. To Commission Power Plant

The Cross River State government is set to commission its 21 megawatts power plant approved by the Federal Government, on or before the second anniversary of the present administration. The State Governor, Ben Ayade, expressed optimism that after the commissioning, Calabar metropolis would enjoy 24/7 uninterrupted power supply. He was speaking at the site of

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TCN Gets $1.5BN To Finance Power Transformer Projects

The Transmission Company of Nigeria (TCN) has secured about $1.5 billion dollars from donor agencies to finance power transmission projects in Ogun State and other parts of the country. The Managing Director of the company, Mr. Usman Gur Mohammed, disclosed this during a courtesy visit to the state Governor, Senator Ibikunle Amosun, in his office

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