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debt

Federal Secretariat in Darkness Over N120m Electricity Debt

Federal Secretariat in Darkness Over N120m Electricity Debt

Government activities at the Federal Secretariat complex, Abuja have been grounded for nearly a week due to power outage over electricity bill in excess of N120 million When Vanguard visited the complex, yesterday, Phase I of the complex, which is popularly known as SGF’s Building, was in darkness. It was learned that civil servants and

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Ibom Power Announces Resumption of Operations

The managing director of Ibom Power Company, Meyen Etukudoh has announced the resumption of operations following the restoration of gas supply to its facility after more than 114 days of inactivity, BusinessDay reports. Etukudoh said though the maintenance was initially scheduled to last for 45 days which elapsed on the 4th of December 2016, it spanned

NERC (1)

NERC Demands Review of Gas Pricing for GENCOs

THE Nigeria Electricity Regulatory Commission, NERC has told the federal government to review the pricing of gas from dollar denomination to local currency to help generation companies, GENCOs stay in business. According to a statement signed by the commission’s Head, Public Affairs Department, Usman Abba Arabi, “Over 80 percent of the electricity generated in Nigeria

renewables

FG Identifies N52 Billion Climate Friendly Projects

In its determined efforts to green the economy, the federal government has identified climate friendly projects worth N52 billion that would be financed through the Green bonds. The Permanent Secretary, Ministry of Environment, Dr Bukar Hassan stated this in Abuja yesterday at the meeting of Permanent Secretaries on Green Bonds, organised by the Ministry of

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Dangote Chief Lists Solutions for Power Sector Crises

As Nigerians and businesses grope in darkness, Honorary Adviser to the President of Dangote Group, Engr. Joe Makoju, has advocated adequate funding and restructuring of the power sector to achieve relative stability in electricity generation and distribution, Vanguard reports. He said the power sector is currently bankrupt to the point of threatening the health of

Electricity-transformer

Institute Launches Graduate Scheme to Solve Power Challenges

The Energy Institute Nigeria, in partnership with Lonadek’s Cedar Science Technology Engineering and Mathematics Centre (STEM), have launched a four-month Graduate Engineering Training Scheme (GETS) that will focus on addressing the country’s power gaps, through the use of conventional and non-conventional sources of energy. The project, available to all young qualified engineers, in conjunction with

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