nigeria power sector news

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    Business Nigerian mini-grid market offers $8 billion revenue annually – BusinessDay

    The Nigerian mini-grid market which the federal government is vigorously trying to develop with the aim of having stable power supply in the country offers revenue opportunity of $8 billion a year. According to a report which highlights the potential of the mini-grid market … Read more via...
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    Metro We’ve secured N567bn to deliver 20,000MW electricity – TCN bos –

    Mr Usman Gur Mohammed is the Managing Director of the Transmission Company of Nigeria (TCN) and also Chairman, West African Power Pool’s (WAPP) Executive Board. In this interview, he explains how the public utility will utilise... Read more via –
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    Business Banks worry as power firms’ debts worsen – Punch Newspapers

    Many of the Nigerian banks that gave loans to core investors during the privatisation of the power sector in 2013 may have incurred losses, our correspondent has learnt. It was gathered that the banks had, in the past four years, been struggling to ensure the repayment … Read more via Punch...
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    Metro Nationwide blackout looms as GENCos warn power plants may shut down – Premium Times Nigeria

    Nigerians risk nationwide blackout as electricity generating companies (GENCOs) on Thursday issued notice of an impending shutdown of their power plants. The Executive Secretary, Association of Power Generation Companies (APGC), Joy Ogaji, who issued the notice sent to PREMIUM TIMES, did not...
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    Business As Discos Throw in The Towel – Leadership Newspaper

    Keen observers and genuine opposition to privatisation of the power sector must be smiling at the recent turn of events. Core investors of Electricity Distribution Companies (Discos) are beginning to throw in the towel after five years of privatisation characterised ... Read more via...
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    Business Power: ‘70% of revenue losses come from unmetered consumers’ – Punch Newspapers

    The highest amount of revenue losses in Nigeria’s power sector come from areas that have high concentration of unmetered electricity consumers. It was also gathered that about 70 per cent of revenue losses recorded by power distribution companies were from these areas. The Executive Director...
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    Business TCN recovers 693 abandoned power equipment containers at ports – PM NEWS Nigeria

    The Transmission Company of Nigeria (TCN), on Friday said that it had recovered more than 693 containers of power equipment abandoned at ports for about 15 years due to tariff. … Read more via PM NEWS Nigeria – Get more: Nigeria Business News
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    Business Ogaji: Power sector grinding to a halt due to debts – The Guardian Nigeria Newspaper

    The country is practically in darkness, but many power generation companies (Gencos) are complaining of idle capacity. Exactly how much power is idling away as a result of this menace? Read more via The Guardian Nigeria Newspaper – Nigeria and World News – Get more...
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    Business Rickety infrastructure, huge debt burden threaten power sector – The Guardian Nigeria Newspaper

    Except prompt actions are taken, the country’s power sector may soon grind to a halt. No thanks to the over N1t debt owed power generating companies popularly known as GENCOs, gas suppliers and the plunging electricity generation, which.... Read more via The Guardian Nigeria Newspaper –...