NERC

Feedback Energy Distribution Company (FEDCO), an Indian-based technology firm, says it has launched an indigenous high-tech Information Technology (IT) solutions system in Nigeria.

Mainstream Energy Solutions Limited (MESL) said it can now generate 922 megawatts (MW) at Kainji, Jebba hydropower plants in Niger State but that 72 billion energy invoices remains unpaid in the Nigerian Electricity Market.

Nigeria’s power sector recorded a 4.9 per cent increase in average generation in February, when compared to its January output, data obtained from the Advisory Power Team in the office of the Vice President, Prof. Yemi Osinbajo, has disclosed.

The Transmission Company of Nigeria (TCN) has accused Abuja Electricity Distribution Company (AEDC) of putting its customers in darkness by rejecting about 40 per cent of electricity wheeled to the company.

A coalition of civil society groups has called on the Minister of Power, Works and Housing, Babatunde Fashola, to act on the corruption allegations against the director-general of the Nigerian Bulk Electricity Trading PLC (NBET), Marilyn Amobi, and the alleged victimisation of the whistleblowers at the agency.

Electricity distribution companies do not believe that there are about 2,000 megawatts of electricity that are stranded in the Nigerian power sector.

Against the backdrop of the worsening public power supply, new data have emerged showing that manufacturers in Nigeria spent a total of N246.38bn generating their own electricity between 2016 and 2017.

President Muhammadu Buhari Tuesday commissioned a 9.5 megawatts (MW) capacity off grid gas-fuelled power system built by a private consortium under the Energising Economies Initiative (EEI) of the Rural Electrification Agency (REA) to supply electricity to up to 47,000 shops and small businesses operating at the Ariaria International Market in Aba, Abia State.

Mr Babatunde Fashola, the Minister of Power, Works and Housing, on Thursday lamented the vulnerability of Nigeria’ electricity sector declaring that it is heavily dependent on imported human resources, materials, equipment and services.

Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to major presidential candidates for Nigeria’s February 16 election urging them to “publicly commit to revolutionary and innovative anti-corruption reforms in five key areas, such as security votes, power sector corruption, judicial corruption and removal of immunity for presidents, vice-presidents, state governors and deputy state governors.”

The federal government has accused electricity distribution companies (Discos) and the Transmission Company of Nigeria (TCN) of using substandard equipment to execute power projects.

Despite an increase in their collection efficiency, the remittance by electricity distribution companies to the Nigerian Bulk Electricity Trading Plc for the energy received by them dropped to 27.5 per cent in the third quarter of 2018 from 31.5 per cent in the previous quarter.

A group, the Debate Power Nigeria (DPN), has slammed the Nigeria Election Debate Group (NEDG) and Broadcasting Organisation of Nigeria (BON) organisers of the Vice-Presidential candidates debate, over perceived failure to ask critical questions about the energy sector during the recent Vice-Presidential candidate debate.

Electricity generation companies (Gencos) have accused the Nigerian Government of taking power from them and selling to countries in the West African region under the West African Power Pool (WAPP) on non- commercial but diplomatic terms.

Momoh, stated this recently at the official lunch of Foluseke Abidemi Somolu Foundation at the University of Lagos, while delivering a lecture titled: ‘The Nigerian Power supply Question: Challenges and Solutions’ in Lagos.

The Fiscal Responsibility Commission (FRC) has faulted several government agencies’ reluctance to remit their operating surplus into the Consolidated Revenue Fund (CRF).

Barring the unforeseen, the $12 million Liquefied Petroleum Gas plant (LPG) currently under construction in Ikuru in Rivers State, by Green Energy International Limited (GEIL), operator of Otakikpo Marginal field in OML 11, will become operational by the second quarter of 2019.

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has asked Nigerians not to blame the federal government for poor electricity supply in their homes.