Daily Archives: October 12, 2017


Discos are the Biggest Challenge in Nigeria’s Power Sector – Osinbajo

Discos are the Biggest Challenge in Nigeria’s Power Sector – Osinbajo

Vice President, Yemi Osinbajo, has declared that electricity distribution companies (DisCos) have become a problem for the nation in the power sector, Tribune Online reports. Speaking at the commencement of the 2017 Nigeria Economic Summit in Abuja, Osinbajo agonised that although Nigeria has the capacity for about 7,000 megawatts of electricity, the Discos have made it impossible


Elumelu Advises FG to Recapitalize DisCos, Change Ownership Structure

The Chairman of Heirs Holding and United Bank for Africa (UBA) Mr. Tony Elumelu has advised President Muhammadu Buhari to reconsider the ownership structure of the Electricity Distribution Companies (DisCos) with a view to taking over controlling shares of the firms, The Nation reports. He spoke on the sidelines of the ongoing 23rd Nigerian Economic Summit holding


Power, other Infrastructure Deficits Need to be Addressed by FG Urgently – GE Boss

General Electric (GE), Vice Chairman, Mr. John Rice, has told the Federal Government to as a matter of urgency address the infrastructure challenges the country is facing as Nigerians can’t wait forever, Daily Trust reports. Mr. Rice said “nothing else matters” other than that Nigeria should fix its power, transport and other basic infrastructure. Mr. Rice made the


REA Partners Abia on Electrification Project at Ariaria Market

Gov. Okezie Ikpeazu has expressed the willingness of the state government to support the Federal Government with actualizing its rural electrification project in Ariaria market, P.M. News reports. Ikpeazu made this known on Tuesday when officials of the Rural Electrification Agency (REA) of Nigeria paid him a visit at Abia Government Lodge in Aba. The governor said

Cooling towers emit vapor into the night sky at a nuclear power plant operated by EON SE in Grohnde, Germany, on Wednesday, Aug. 07, 2013. Germany's air pollution is set to worsen for a second year, the first back-to-back increase since at least the 1980s, after Chancellor Angela Merkel's decision to shut nuclear plants led utilities to burn more coal. Photographer: Krisztian Bocsi/Bloomberg via Getty Images

Rosatom Prescribes Sustainable Energy Mix for Nigeria’s Power Problem

RUSSIAN State Nuclear Energy Corporation, Rosatom, has once again advised Nigeria to adopt a sustainable energy mix approach to its power system if it must achieve energy stability like Russia. Rosatom’s Regional Vice-President of Sub-Saharan Africa, Viktor Polikarpov, at an annual powering Africa investors’ summit held in Abuja, recently, shared his country’s energy sector best

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Fashola Allays DisCos Fears Over Proliferation of Solar Energy

Mr Babatunde Fashola, the Minister of Power, Works and Housing, while speaking at the 20th Monthly Power Sector Stakeholders’ Meeting hosted by Enugu Electricity Distribution Company (EEDC) in Owerri, has allayed the fears of the electricity Distribution Companies (Discos) over government’s investment drive in solar powered mini grids, Daily Trust reports. The minister said that the Discos

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