Daily Archives: February 5, 2018

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Power Firms Fail Payment Obligations, Shun 100% TEM Rule

Power Firms Fail Payment Obligations, Shun 100% TEM Rule

In spite of measures to end the financial constraints in the power sector, records have shown that the problems persist as the 11 distribution firms recorded outstanding N269.3 billion debts for energy allocation in the first nine months of 2017. The Daily Trust analysis of payment records for energy invoices and performances posted by the

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Lagos Revs Up Economy, to Deliver 3,000MW in Three Years

The Lagos State Government has perfected plans to bring about a quantum leap to the State’s economy in 2018 through the Embedded Power Supply Project and the review of the Land Use Charge Law. The power project, aimed at delivering an estimated 3,000 Megawatts to homes and industries, is expected to lift the economy of

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Nigeria, Others to Boost Global Generator Sales by $34 Billion

Generator Sets Market size will exceed USD 34 Billion by 2024, as reported in the latest study by Global Market Insights, Inc. Inadequate power supply, unreliable grid infrastructure coupled with escalating demand for invariable power will stimulate the market. The industry is extensively driven by the rapidly expanding global population and urbanization worldwide. Strengthening need for

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Sterling & Wilson, Metka W.A Emerge Preferred Bidders for Varsities Clean Energy Projects

During a presentation by the Managing Director of the Rural Electrification Agency (REA), Mrs. Damilola Ogunbiyi, to members of the Nigerian parliament, it was revealed that no renewable energy firm of Nigerian extraction was prequalified by the REA to bid for the upcoming off-grid projects for nine federal universities and teaching hospitals, OGN reports. Also, globally recognized power

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Nigeria Exporting Power, Gas – Fashola

The Minister of Power, Works and Housing, Babatunde Fashola (SAN), has urged Nigerians not to put their country down in comparison with other countries of the world. Fashola described Nigeria as a great country in both population and potentiality for economic and industrial development. Fashola, according to a statement by his Special Adviser on Communications,

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USAID Supplies Technical Equipment to Eko DisCo

In line with boosting power supply in Nigeria, the United States Agency for International Development (USAID) yesterday said it has supplied Eko Electricity Distribution Company (EKEDC) with some of its technical equipment, Vanguard reports. The Agency further said that official delivery of the items was performed at Eko Disco Corporate Headquarters in Marina, Lagos, through its technical

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