Power articles

Documents show Buhari’s govt. illegally diverted N378billion NLNG dividend

Documents show Buhari’s govt. illegally diverted N378billion NLNG dividend

The federal government illegally diverted $1.05 billion (N378 billion at N360 to a dollar) sourced from the Nigerian Liquefied Natural Gas (NLNG) dividend funds to secretly fund subsidy payment on petroleum products, a report by PREMIUM TIMES has revealed. The diversion details are coming amidst revelations from accusations the Nigerian National Petroleum Corporation (NNPC) has a $3.5

No point misleading the public, Nigeria can’t generate more than 5,000 MW for now – Oduntan, ANED spokesperson

The Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors, Mr. Sunday Oduntan, in this interview with TUNDE AJAJA, speaks on the lingering disagreement with the regulators, the challenges of the distribution companies and the way out of the crisis in the sector The altercation between the Minister of Power, Works and Housing, Mr.

Metering: You’re wrong, power distributors reply Fashola

Most of the statements made last week Monday by the Minister of Power, Works and Housing, Babatunde Fashola, about the power sector are false, according to the electricity distribution companies. They said on Tuesday that comments made by the minister on metering, power generation and transmission capacities and stranded electricity, among others, were significantly distorted.

End estimated billing, enforce metering, FG orders NERC

The Federal Government on Monday ordered the Nigerian Electricity Regularly Commission to enforce the contract mandating power distribution companies to provide meters to customers and eliminate estimated electricity bills in the power sector. It said the directive to NERC became vital following the number of complaints coming from power consumers on meters, which the Discos

Buhari group tackles Obasanjo: Answer the question — where’s the power?

The Buhari Media Organisation (BMO) says ex-president Olusegun Obasanjo is yet to answer President Muhammadu Buhari’s question on the $16 billion power expenditure from 1999-2007. On Tuesday, Buhari queried the funds said to have been expended on power projects during the Obasanjo administration. “Where was the power after a former president claimed to have spent

Another national blackout looms as explosion hits Escravos pipeline again

Another explosion has rocked the Escravos-to-Lagos (ELP) located in Nigeria’s Niger Delta region, barely four days after repairs, Nigerian National Petroleum Corporation said on Thursday. The previous explosion plunged Nigeria into nationwide darkness at Christmas. If the ELP is shut for a long period, it may disrupt oil production as companies may find it difficult

NLC kicks against FG’s proposed N38 bailout for DISCOs

The Nigeria Labour Congress (NLC) on Tuesday faulted the Federal Government’s decision to offer N38 billion bailout to electricity distribution companies for procurement of pre-paid metres describing the move as ill-conceived. The labour union said it was wrong of the Muhammadu Buhari administration to offer a lifeline to the DISCOs when there are no visible

Sam Amadi: I — not Jonathan — reversed electricity tariff

Sam Amadi, former chairman of the Nigeria Electricity Regulatory Commission (NERC), says ex-President Goodluck Jonathan did not order the reversal of electricity tariff in 2014. In the build-up to the 2015 general election, the commission announced an increase in electricity tariff, but it later suspended the action. Speaking at a public lecture in Lagos on

156 million Euro power equipment rotting at port stalls completion of Kaduna Power plant; power ministry says NPA responsible  

The failure of government to complete and commission the 245 MW Kaduna power plant has been blamed on the seizure of the 156 million Euro worth of equipment by the Nigerian Ports Authority (NPA).   Officials of the Ministry of Power on Tuesday disclosed this to the Senate Committee on Power, Steel Development and Metallurgy,

Controversy trails presidential directive to reinstate sacked power company manager

A controversy is brewing at the presidency over an alleged discountenance of a directive by President Muhammadu Buhari for the reinstatement of a senior official disengaged last year from the Niger Delta Power Holding Company Nigeria Limited, NDPHC. President Buhari was reported to have directed the Offices of the Vice President, Secretary to the Government

Crazy electricity bills tear DISCOs, consumers apart

Electricity consumers across the Southwest and North Eastern parts of the country are groaning over the persistent high bills being given by the Distribution Companies (DISCOs) without corresponding energy supply. A cross section of them told the News Agency of Nigeria (NAN) in separate interviews across some South West states and Kwara that the phenomenon