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Electricity: Nigeria to Achieve 10GW Operational Capacity by 2020

Electricity: Nigeria to Achieve 10GW Operational Capacity by 2020

The Federal Government has said that it plans to achieve 10 Gigawatts of electricity operational capacity by the year 2020. The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, who stated this in a keynote address at the second Kano Economic and Investment Summit on Tuesday, said the Federal Government had also planed

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Content Act to Cover Power, Other Sectors, say Reps

The House of Representatives has said it’s work on the bill that would extend the Nigerian Content Act to other key sectors of the economy such as power, construction, information communication technology and telecommunications is to enable Nigerians enjoy the sectors. Members of the House of Representatives Committee on Local Content led by its Chairman,

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Senate May Seek PHCN Privatization Reversal

Bewildered senators were yesterday told that Electricity Distribution Companies (DisCos) are technically bankrupt. Chairman, Senate Committee on Privatisation, Senator Ben Murra- Bruce, told his colleagues that the way out of the worsening power situation in the country was to revisit the privatisation of the defunct Power Holding Company of Nigeria (PHCN). Senator Murray-Bruce spoke following

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Senate Debates Power Sector Crisis

Fresh but hard facts emerged yesterday on Nigeria’s ailing power sector at the Senate as senators submitted that the sector is in a comatose situation and in dire need of emergency response. The lawmakers said that because the distribution companies are bankrupt and cannot procure meters, the entire privatisation of the power sector should be

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Senate to Investigate AEDC, Others Over Estimated Billing System

Electricity Distribution Companies across Nigeria will be put under spotlight by the Senate to determine the ills associated with estimated billings of electricity consumers who are being exploited by the companies. To set off the process, a motion will be moved on the floor of the Senate today (Wednesday) by Senator Dino Melaye following the

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Fashola: FG’s Electricity Sector Recovery Programme Has Taken Off

Though it has not publicly disclosed the content of a recovery plan – Power Sector Recovery Programme, it initiated to save Nigeria’s electricity market from collapsing three years after privatisation, the federal government yesterday disclosed that the programme has already taken off and was in operation. The Minister of Power, Works and Housing, Mr. Babatunde

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FG Lists Category Of Eligible Customers in NESI

THE Federal Government FG has declared four (4) categories of eligible customers in the Nigerian Electricity Supply Industry. The declaration permits electricity customers to buy power directly from the generation companies GenCos. Minister of Power, Works and Housing, Babatunde Fashola gave the directive at the weekend in line with the provisions of Section 27 of

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