Author Archives: Nextier Power

Austin-Avuru

Economy Staved of N534bn Power Sector Inefficiency in 2016- Avuru

Economy Staved of N534bn Power Sector Inefficiency in 2016- Avuru

MORE turbulence may continue to linger in the country’s economy, as it losses over N534 billion revenue a year to the inefficiency of the power sector, Managing Director, Seplat Petroleum Development Company, Dr. Austin Avuru, said yesterday. This was even as he identified a huge deficit of about N356bn incurred from debts owed banks by

Prepaid-meters

Chinese Subsidiary Signs MoU for Supply of Meters

In Nigeria, a subsidiary of China’s Holley Metering Ltd, Holley Nigeria, has  signed a memorandum of understanding with the Port Harcourt Electricity Distribution Company (PHED) for the deployment of prepaid meters to consumers. According to the chief executive officer of Holley Nigeria , Ifeanyi Okeke, the partnership aims to bring Holley’s top metering brand and

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Lalong Urges FG to Complete Electricity Laboratory

Plateau Governor Simon Lalong has charged the Federal Government to complete the National Electrical Equipment Testing Laboratory, Bassa in view of its relevance to effective power supply. Lalong gave the charge on Thursday in Jos, in a keynote address at the third edition of the National Council on Power (NACOP) tagged “Completing Power Sector Reforms”,

Power Pole and Electricity Station

Labour, Ikeja DisCo in New Showdown Over Workers’ Sack

Organised Labour in the nation’s Power sector and Ikeja Electricity Distribution Company (Ikeja DISCO) are heading towards a fresh showdown over the termination of employment of some workers, Vanguard reports. It will be recalled that last year, the management and Labour were involved in a confrontation over similar matter which resulted in the picketing and crippling of

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Govt Urged to Restore Investors’ Confidence in Power Sector

To achieve sustainable stable power supply, the Federal Government has been urged to restore investors’ confidence in the power sector by creating an environment that will encourage investors to invest, while ensuring the safety of their investments and profitability. The Global Business Director, Future Energy Nigeria, Ade Yusuf, gave the advice in Lagos. He said

Electricity-Metre-1

The N39 Billion Loan for Pre-Paid Metres’ Procurement

We applaud the plan by the federal government to grant N39 billion loan for the procurement of pre-paid metres to be made available to electricity consumers across the country. Availability of meters will improve power supply considering that power generation has in recent times stabilised at over 6,000 megawatts. It is however hoped that the

meters (1)

Over 4 Million Nigerians Yet to be Metered Says NERC

OUT of about 7, 476, 886 electricity customers in the country, only 3.45 million have been metered while 4, 025. 611 are still unmetered, The Nigerian Electricity Regulatory Commission (NERC) on Wednesday said. This is even as it proposed introduction of a “Modified CAPMI”, to fast track metering process. The Commission stated this at the

power-outage

PHED Outage Alert; Port Harcourt Town, Elelenwo & Rumuosi

The Port Harcourt Electricity Distribution Company (PHED) has released a statement revealing the cause of the power outage being experienced by some of its customers in some areas of Port Harcourt city, SparkOnline reports Affected Areas: The areas affected by the fault include Port Harcourt Town, Elelenwo and Rumuosi. Time Of Outage: The fault occurred at

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