Power Sector Highlights

oil and gas

POWER, monthly reviews of the different sectors of the nation’s economy as published by select local newspapers. 

2016 Highlights


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  • NIMET, NASRDA, ASN collaborate on power grid improvement –Punch        
  • North to get N183bn solar power plants –Punch   
  • Government unveils service charter for electricity delivery –The Guardian  
  • Agip generates 480MPV power into national grid  –The Guardian
  • IBEDC spends N5.5bn on metering and network development –Punch    
  • Electricity generation drops by 740MW –The Guardian   
  • EU to spend €150mn grant on Nigeria’s power sector –Punch      
  • NERC fines Port Harcourt Disco N37.5mn –Punch 
  • Eko Disco boosts electricity supply with N1.44bn –Punch   
  • Power firms owe gas producers N110bn –Punch   
  • MDAs electricity debt profile rises to N100bn –The Guardian      
  • Port Harcourt disco announces N2.2bn loss –Punch   
  • FG to spend $150mn on rural electrification –Punch
  • Ikeja Electric and UBA launch payment terminals –Punch   
  • Power generation at Egbin drops by 84% to 172MW –Punch    

 

 

  • Eko Disco spends N11bn on maintenance –The Guardian 
  • Government inaugurates 50,000 pre-paid meters for Sokoto State –The Guardian
  • Geometrics $530mn Aba IPP1 to switch on in April 2017–The Guardian 
  • Amaya Capital commits $300m in electricity generation –The Guardian
  • Electricity market liquidity worsens as remittance from Discos drops 30% –The Guardian
  • Chevron attack: Power supply falls by 600MW –Punch 
  • Gurara Hydro Power Plant to generate 30MW –Punch

  • Power plants lose 1,552MW –Punch 
  • 54% of electricity consumers have no meters –Punch 
  • Nigeria’s power witnesses six total system collapses –The Guardian 
  • SON and NESP plan energy efficiency in households and public buildings –The Guardian
  • Ikeja Electric launches live-chat for instant response to customer complaints –Businessday
  • Power generation hits 3,810MW –Punch 
  • Kano DISCO losses N108.8mn to vandalism –Punch  
  • Sokoto Cement to generate new 60MW electricity in 2017–The Guardian
  • Debts of N86bn threaten Nigeria’s electricity generation –The Guardian
  • AshakaCem’s N11bn power project threatened by recession and weakening naira –Businessday
  • Ikeja electric threatens mass disconnection over electricity debt –The Guardian
  • 10 power plants shut; 1,041MW lost –Punch
  • 11 solar IPPs post development security to NBET –Businessday 
  • “182,000 homes connected with solar power in one year”, says Solar Nigeria –Punch 

  • Ekiti State to partner Discos on quality services –The Guardian 
  • Nigeria’s power generation hits 3,213MW –The Guardian 
  • Ikeja Electric introduces discounts on outstanding bills –Businessday
  • Dormant power plants contribute to national grid –The Guardian 
  • NERC slams N21.2mn fine on Ibadan Disco –Punch 
  • US backs Geometric Power project with $213mn –Punch
  • Cross River signs pact on 26MW gas power turbine with Dubai firm –The Guardian 
  • NEMSA intensifies effort to halt poor electrical installation in Nigeria The Guardian
  • “Mini grids are best suited for the Nigerian power sector”, says Prof. Bart Nnaji (Ex-Minister, Power) Punch
  • TCN needs $7.5bn for expansion plan, targets 10,000MW –The Guardian 

 

  • Nigeria’s electricity generation drops to 2,524MW –The Guardian 
  • PwC unveils strategies to achieve 982kWh of electricity in Nigeria by 2025 –The Guardian 
  • Electricity generation stagnates at 3,032MW –The Guardian 
  • Kaduna power plant to be completed in June 2017 –Punch 
  • Shiroro power plant to operate at full capacity after N2.4bn repairs –Punch 
  • Eko Disco’s revenue drops to N1.5bn monthly –Punch 
  • Low patronage threatens local meter production –The Guardian 
  • NNPC to set up renewable energy plant in Benue –Punch 
  • Power grid collapsed 21 times in 6 months –Punch 
  • MDAs’ N93bn unpaid debt threatens power sector reforms –The Guardian 
  • “Tariff reversal will worsen N300bn funding gap”, says Power firms –Punch 
  • Eko Disco loses N2.5bn monthly to gas-to-power challenges –The Guardian 
  • FG commits to 20% renewable energy by 2030 –Businessday 
  • We’re losing N238bn monthly to theft”, says PHED –Punch 
  • Discos assure local meter manufacturers of patronage –Businessday 
  • Kaduna Electric to strengthen services despite N2bn monthly revenue loss –Businessday 
  • Bauchi owes Disco N1.6bn in electricity bills –Punch 
  • NBET and TCN get $473mn facility from AfDB to boost power supply –Businessday

 

  • Seven Energy wins award in gas-to-power industry –The Guardian
  • NERC bans mass disconnection of consumers –Punch 
  • Global renewable energy investments hit $285.9bn –The Guardian
  • According to Bua Group, $3bn investment needed for sugar production –Punch 
  • Electricity drops to zero six times in one month –Punch 
  • CBN allocates N93bn for power sector intervention –The Guardian 
  • “Gas-to-power projects risky and unattractive”, says Thomas –Punch 
  • Nigeria outages drag OPEC oil supply lower –Punch
  • UK approves N4.74bn for solar power in Nigeria –Punch
  • Ikeja Electric begins network monitoring initiative –Punch
  • NPDC and IOCs to inaugurate four gas projects –Punch 
  • Renewable power installations hit record in 2015 –Punch 
  • “MDAs electricity debt will be cleared before December”, says FG Power sector loses N36bn to gas shortage –Punch 
  • Power generation drops further to 1075MW –The Guardian 
  • Yola power firm investors’ $146.8mn trapped –Punch 
  • NERC to sanction Discos from October due to poor metering –Punch
  • “Inadequate power generation affecting grid stability”, says TCN –Punch
  • “Local firms can produce 150,000 meters monthly”, says Manufacturers –Punch
  • “We’ll complete 700MW hydropower plants soon”, says Fashola –Punch 
  • Ebonyi State seeks partnership with Chinese firm on 10MW solar power plant –The Guardian
  • Nigeria’s power demand to hit 88,282MW by 2020 –The Guardian
  • Govt finalising procurement processes on 3,000MW Mambilla power project –The Guardian
  • Gas supply to electricity plants drops to 541mmscfd –The Guardian
  • Power sector owes gas firms N100bn –Punch 
  • Power: FG eyes offshore and inland basin gas reserves –Punch 

 

  • Electricity companies records 56 cases of vandalism in South East Nigeria. –The Guardian 
  • Ikoyi, Lekki and VI face one-month power rationing –Punch 
  • Transcorp plans to adopt idle gas plants –Punch
  • Agip shuts Bayelsa gas pipeline over attack –Punch
  • Poor supply responsible for attacks on electricity workers –Punch
  • Power generation crashes to 1,400MW –Punch 

 

  • Nigeria needs $900bn to fix energy sector in 30 years –The Guardian
  • “2.9mn power consumers still unmetered”, says NERC –The Guardian 
  • “Only 403,255 meters installed by 11 DISCOs in two years”, says NERC –The Guardian 
  • “We can’t meter one million customers yearly”, says DISCOs –The Guardian  
  • Nigeria loses N7.1trn oil revenue to illegal withdrawals and other sources –Punch
  • Nigeria and France to sign N11.15bn loan for power training –Punch 
  • Ogun State to generate electricity from sawdust –Punch 
  • Power firms ration supply as generation drops to 3,494MW –The Guardian 
  • “3,132MW of electricity is lost in one day”, says Osinbajo (Vice President, Nigeria) –Punch 

 

Nine power plants shut-in 2044MW –The Guardian 
Dankwambo commissions 24kw micro-grid solar power –Daily Trust 
Abuja Disco blames current load shedding on lower energy allocation from TCN –BusinessDay 
Power firms groan as forex crisis hits hard on investments –The Guardian 
BoI2 takes renewable energy to off-grid community in Anambra –The Guardian  
Power supply drops to 1,580.6MW –ThisDay 
GE to support Bressons 500MW power project in Nigeria –The Guardian 
Eko Disco gets additional 160MW of electricity –Punch
Electricity supply: GENCOs and DISCOs plead for more time –Vanguard 
“120 killed in electricity accidents last year”, says NERC –Punch
Operators seek govt's guarantee for $40bn facility to stabilise electricity –The Guardian 

 

  • New electricity tariff to attract N1.36trn investments in five years –The Guardian
  • Nigeria hits 5,000MW power generation mark –Thisday
  • Protest against new electricity tariff paralyses DISCOs –The Guardian 
  • Lagos State Government to add two more IPPs this year –BusinessDay
  • NERC and DISCOs urge stay out of proceedings in tariff hike suit –The Guardian
  • Power generation slides to 4245MW –The Guardian
  • French agency to expend €500,000 on renewable energy in Kano –BusinessDay 
  • Nigeria looks to add another 2,555MW of power in 2016 –BusinessDay 

  

  • Nigeria's crude oil exports dips by N4.4 trn in 9 months –Vanguard
  • FG to generate $7.5bn from grid solar energy –Vanguard 
  • FG moves to bring 3mn consumers into prepaid metering system –BusinessDay 
  • Nigeria needs 160,000MW to meet national electricity demands –The Guardian
  • DISCOs and GENCOs revenue shortfall now N478bn –Vanguard 
  • Power drops by 1000MW, says Senate –Punch  
  • NNPC/Chevron gas project to improve power –Vanguard
  • “New electricity tariffs take effect on Monday”, says NERC –Punch

 


2015 Highlights

  • Privatisation:PHCN workers demand 10% equity holding –BusinessDay 
  • Nigeria's largest power plant owed $202mn –BusinessDay
  • IBEDC invests N47.18bn in pre-paid meters and targets 300,000 customers in 2016 –The Guardian 
  • BEDC trainees to boost capacity of power sector –BusinessDay 
  • Alten and IFC to co-develop 120MW solar power in Kogi –BusinessDay 
  • Discos may pass cost to consumers as NERC abolishes fixed charge –BusinessDay 
  • 8 firms gets NERC license to generate 1,648MW –BusinessDay 
  • Lagos needs 5000MW, says Ambode –The Guardian 
  • Nigeria's electricity generation drops by 1,707.98MW –The Guardian 
  • Discos hail privatisation as revenues soar –The Guardian 
  • Electricity companies install 100 transformers in South-East –The Guardian 

 

  • Ibom Power gets NERC license to build 685MW electricity plant –BusinessDay 
  • FG partners with two firms for 50MW Kaduna solar plant –BusinessDay 
  • Only half of electricity generated gets to consumers –ThisDay 
  • Abuja Disco expands vending operations –ThisDay 
  • World Bank grants TCN N5.9bn to study Nigeria's electricity demand –ThisDay 
  • Power ministry to prioritise TCN funding towards 10,000MW transmission –ThisDay 
  • Ondo State and Korean firm to commence construction of 1050MW IPP –The Guardian 
  • Power supply badly hit nationwide by two major cuts in TCN transmission lines –The Guardian 

 

  • BoI stems rural-urban migration, inaugurates solar power plant for Osun communities –BusinessDay 
  • “Hike in electricity tariff is an invitation to anarchy”, TUC warns –BusinessDay
  • Eko Disco to sign PPA with 10 companies for 450mw –BusinessDay 
  • Nigerians witness significant improvement in power supply over Q3 –BusinessDay  
  • Discos improve power supply to 4,600mw as Egbin comes back to life –BusinessDay  

 

  • IBEDC requires N10bn to boost power supply - Thisday
  • Nigeria's power generation hits 4,196.11mwh - Guardian
  • Sahara Power targets 10,000mw generation in 10 years - Businessday
  • Owan (Former Chairman, NERC2) laments non-utilisation of $5bn power plants - The Guardian
  • Enugu Disco launches multi billion naira metering network improvement scheme - Vanguard

 

  • High indebtedness makes case for power sector stimulus –BusinessDay 
  • TCN increases transmission to 4,810.7MW –ThisDay 
  • Enugu Disco to spend N25bn on GIS and enumeration of customers –ThisDay  

 

  • NDPHC unhappy over unfinished 338MW Egbema power plant after 9yrs –BusinessDay 
  • Several reports dampen President Buhari's power reform promises –BusinessDay 
  • IEI pays $1.3mn claims to NDPHC –BusinessDay
  • FG extends management contract of TCN with Manitoba Hydro International –ThisDay 

 

  • NIPP moves to rescue over 800MW stranded electricity – BusinessDay 
  • Africans living on less than $2.50 a day spend $10 billion on energy – The Guardian 
  • Eko Disco plans to acquire 474mw to improve power supply – The Guardian 
  • Oyo to generate 5MW of electricity from waste – BusinessDay 
  • NERC to revoke licenses of non-performing electricity firms – The Guardian 
  • Eko Disco needs $1.1bn to boost power supply in 10 years – BusinessDay 
  • Global electric power transmission network to reach 5.5 CKM – The Guardian 
  • Geometric, GE to build 1,080MW plant in Nigeria – BusinessDay 
  • Nigeria $5.6bn in NIPP privatisation stalls on gas shortages – BusinessDay 
  • 14 firms win bids for Eko Disco embedded power project – The Guardian 
  • Abuja Electric incurs N80bn imbalance penalty – BusinessDay
  • EU to offer Nigeria €150mn grant for power sector – BusinessDay

 

  • Power capacity hits 600MW as Jonathan commissions FCT substation –The Guardian 
  • FG to grant incentives to embedded power operators –BusinessDay
  • Nigeria can generate 7,000MW of electricity from flared gas –The Guardian 
  • Economists urge government and stakeholders to leverage renewable energy boost efficiency –BusinessDay 

 

  • Total E&P boosts Alaoji power plant with gas supply –BusinessDay
  • “50% of electricity not metered”, says government –The Guardian 
  • Eko DISCO shortlists 43 companies for embedded power generation –BusinessDay 
  • Power investors assure stable electricity as 5 firms draw N18bn from CBN facility –BusinessDay 
  • World bank launches solar scheme to boost Africa's power supply–The Guardian  
  • Nigeria gets local content law for power sector –The Guardian 
  • Firms inject N300bn fresh fund into power sector –The Guardian 
  • NERC prescribes micro-grid power generation for industrial clusters –The Guardian 

 

  • Electricity supply to industries reduces to 4 hours per day –BusinessDay
  • Power sector hindered by gas and credit, as blackouts spread in Nigeria –BusinessDay 
  • TCN compounds electricity supply problems in Lagos –BusinessDay 
  • CBN releases conditions for accessing electricity stabilisation fund –ThisDay
  • “FG is spending $20bn to generate only 4000 MW of electricity”, says Buhari–BusinessDay
  • Foreign exchange may shoot up electricity tariffs –The Guardian 
  • FG reduces electricity tariffs as presidential poll draws near –BusinessDay
  • “Abolish fixed charges nit reduction of electricity tariffs”, OPS tells FG –ThisDay 
  • AfDB approves $200mn for electricity generation –BusinessDay 

 

  • Total E&P boosts Alaoji power plant with gas supply –BusinessDay 
  • “50% of electricity not metered”, says government –The Guardian 
  • Eko DISCO shortlists 43 companies for embedded power generation –BusinessDay
  • Power investors assure stable electricity as 5 firms draw N18bn from CBN facility –BusinessDay 
  • World bank launches solar scheme to boost Africa's power supply–The Guardian 
  • Nigeria gets local content law for power sector –The Guardian 
  • Firms inject N300bn fresh fund into power sector –The Guardian  
  • NERC prescribes micro-grid power generation for industrial clusters –The Guardian

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