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AfDB approves US$7m to transform mini-grid investment in Africa

Reading Time: 2 minutes Image Credits: iStockphoto.com/zhengzaishuru, Robert Hack/Rolls Royce. The Board of Directors of the African Development Bank (AfDB) has approved a US$7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the needs of the continent’s fast-evolving renewable mini-grid industry. The Africa Mini-Grid Market Read More…

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Corruption stalls uninterrupted electricity to Africa – CIPE

Reading Time: 2 minutes Centre for International Private Enterprise (CIPE) has said that huge sums lost to corruption in Africa was enough to provide 24 hours uninterrupted power supply for three years. Andrew Wilson, CIPE Executive Director, stated this at the 2020 edition of the Africa Business Ethics Conference (ABEC) on Monday in Lagos. The conference theme was: “Tackling Read More…

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Collapsed national grid now fully restored – TCN

Reading Time: < 1 minutes Image Credits: Alamy, Akintunde Akinleye/Reuters. The Transmission Company of Nigeria (TCN) says it has restored the collapsed electricity grid system across the country. The Acting Managing Director of TCN, Mr Sule Abdulaziz, made this known while addressing newsmen in Abuja on Wednesday. Abdulaziz said the system which collapsed on Sunday evening was restored within 40 Read More…

Featured Metro Power

Ikeja Electric implements revised service reflective tariff

Reading Time: 2 minutes Ikeja Electric Plc (IE) says it has commenced implementation of the revised Service Reflective Tariff (SRT), as approved by the Nigerian Electricity Regulatory Commission (NERC) effective Nov. 1. The electricity distribution company made the announcement in a public notice posted on its official Twitter account on Sunday. The previous SRT which began on Sept. 1 Read More…

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Power keeps ramping up, new peak now 5,520.40MW

Reading Time: < 1 minutes Image Credits: REUTERS. The power sector has recorded yet another national peak generation of 5,520.40MW on Oct. 30 at 9.15pm, Mrs Ndidi Mbah, General Manager. Public Affairs, Transmission Company of Nigeria (TCN) made this known in a statement in Abuja on Saturday. She said that the new generation surpassed the previous 5.459 Mega Watts (MW) Read More…

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Power sector records all-time peak of 5,4590 MW

Reading Time: < 1 minutes Image Credits: REUTERS, Nigeria Electricity Hub. The Transmission Company of Nigeria (TCN) says the nation’s power industry has attained another all-time national peak of 5,459.50 Mega Watts (MW). This was announced by Mrs Ndidi Mbah, TCN’s General Manager (Public Affairs), in Abuja on Thursday. Mbah said the national peak was efficiently transmitted through the nation’s Read More…

Business Featured Power

Egbin power inaugurates electric buggies, bicycles

Reading Time: 2 minutes Image Credits: NAN. Egbin Power Plc says it is committed to the continuous sustainability of the environment and its resources for the benefit of future generations. Mr Temitope Shonubi, Chairman, Board of Directors, Egbin Power Plc, gave the assurance on Tuesday while inaugurating electric buggies and bicycles at the electricity generation company’s complex at Ijede Read More…

Business Economy Featured Industry Power

MAN urges uniformity in electricity tariffs

Reading Time: 2 minutes Image Credits: REUTERS. The Manufacturers Association of Nigeria (MAN) has called on the Federal  Government to prevail on   electricity distribution companies to regularise the varying costs of electricity tariffs across the  states of the country. Mr Mansur Ahmed, President, MAN, made the call in a statement on Friday in Lagos. Ahmed said that the appeal Read More…

Business Featured Power

NDPHC moves to boost power supply to eligible customers in Lagos, Ogun

Reading Time: 2 minutes Image Credits: Siemens AG. Niger Delta Power Holding Company (NDPHC) on Wednesday said it was intensifying efforts to increase power supply to industrial clusters in Lagos and Ogun States through its Eligible Customer drive. Mr Chiedu Ugbo, Managing Director, NDPHC, made this known while speaking with newsmen after an inspection visit to Olorunsogo Power Generation Read More…

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Firm develops equipment to fix power grid faults, restore power in minutes

Reading Time: 2 minutes Image Credits: High-tension electrical power lines are seen at the Azura-Edo Independent Power Plant (IPP) on the outskirt of Benin City in Edo state, Nigeria., REUTERS/Temilade Adelaja. Schneider Electric has developed intelligent equipment that will help electricity distribution companies (DISCOs) and others to fix major faults in the nation’s grid system and restore power after Read More…