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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

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

Standards-Organisation-of-Nigeria-SON

SON Initiates Policy to Encourage Energy Efficiency

The Standards Organisation of Nigeria, SON, has finally gotten on the energy efficiency train with the rest of the world.  The organisation has introduced an initiative called the National Energy Efficiency Label for Air conditioners and electrical appliances with the aim of encouraging the use of energy efficient electrical appliances amongst electricity consumers in Nigeria.

benin-disco-bedc-330x242

BEDC to Improve Supply to Usen Community

Residents of Usen community in Egor Local government area of Edo State will soon begin to enjoy improved power supply as Benin Electricity Distribution Plc (BEDC) concludes plans to bring an additional 7.5MVA in addition to the existing 7.5MVA transformer installed recently, the Chief State Head, Edo State, BEDC, Engr. Fidelis Obishai has assured.  He

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