Tag Archives: GENCOS

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Gas Shortage Cripples GenCos as Power Generation Drops to 3,000

Gas Shortage Cripples GenCos as Power Generation Drops to 3,000

  Nigeria’s electricity grid has lost 1,062 Megawatts (Mw) to turbine faults and gas shortage. The grid, which had peak power generation of 4,160 Megawatts on January 1, 2017 dropped to 3,432 Megawatts last week, and further declined to 3,098 Megawatts on Sunday, causing a total loss of 1,062 Megawatts. Nigeria System Operator (NSO) on

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Electricity Generation Drops by 740MW

Lost N2.033b on October 31 Nigeria’s electricity generation has dropped by over 740 Mega Watts (MW) from the 4,202.7MW recorded in September to 3,462.1MW, according to data from the Transmission Company of Nigeria (TCN). The TCN in its daily generation report on Tuesday, put the lowest electricity generation at 2,992.0MW while its peak output stood

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Why Foreign Investors Shun Power Sector

Foreign investors have rejected the invitation of the Federal Government to invest in the  power sector because of its low prospects. This happening as the country is seeking ways to invest $20billion yearly in the sector over the next five years  to generate 20,000 megawatts (Mw) of electricity to boost power supply. It was gathered

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Power Distribution: NDPHC Adds 1,712km of 33KV lines, 24,996 Transformers

In its quest to deepen power distribution in the country, the Niger Delta Power Holding Company Limited (NDPHC) says it has added 1,712km of 33kv lines, 4,540km of 11KV lines, 24,996 Completely Self-Protected (CSP) distribution transformers, 3,970MVA injection substations capacity and 1,212MVA CSP transformers (distribution) capacity in its network. The Managing Director/Chief Executive Officer of

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Forex Threatens Power Production

•Equipment cost soars by 90 per cent The imbalance in the foreign exchange (forex) market has hindered smooth operation by the nation’s power sector as dollar exchanged for about N470 at the parallel market, The Nation has learnt. Despite the implementation of the flexible exchange rate mechanism that allowed for sourcing of forex from multiple

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Amaya Capital Commits $300m in Electricity Generation

Amaya Capital, the African-focused principal investment firm, has announced an equity commitment of over $300 million in power generation platform. The new investment follows the acquisition by growth markets investor, Actis of American Capital Energy & Infrastructure’s stake in Azura Power Holdings Limited (Azura). The company said in a media statement that this transaction and

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