Tuesday , November 24 2020

Power

IBEDC Implements Revised Service Reflective Tariff

IBEDC Implements Revised Service Reflective Tariff

The Ibadan Electricity Distribution Company Plc (IBEDC) said it has begun the implementation of the revised service-based reflective tariff as approved by the Nigerian Electricity Regulatory Commission (NERC). The new tariff is effective from 1st November 2020. In a statement by the Head Branding and Corporate Communications, Angela Olanrewaju, the …

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FG Budgets N497.13 Billion for Six Million Free Meters

FG Budgets N497.13 Billion for Six Million Free Meters

The Federal Government is to spend between N269.38bn and N497.13bn on the provision of six million free meters to various unmetered power users across the country. Also, findings from separate quarterly reports of the Nigerian Electricity Regulatory Commission on the power sector showed that the number of unmetered customers in …

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Solar Projects to Generate $2Billion Market Opportunities, N7Billion Taxes – CBN Releases Framework

Solar Projects to Generate $2Billion Market Opportunities, N7Billion Taxes - CBN Releases Framework

Central Bank of Nigeria (CBN) yesterday made public the framework for the implementation of the solar connection facility, which it said would create about $2 billion yearly market opportunity. The apex bank also yesterday reiterated that its aggressive deployment of unconventional policies since the outbreak of the COVID-19 was to …

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Nigeria’ll Benefit from Regional Off-Grid Power Project – World Bank

The Programme Manager, Lighting Africa/Nigeria, Allwell Nwankwo, has said Nigeria will benefit from the Lighting Africa-supported Regional Off-Grid Electrification Project, which aims to increase electricity access to households, businesses, and communities through modern off-grid electrification across Western Africa. The Lighting Africa programme is a joint initiative of the International Finance …

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DisCos Condemn NERC’s Silence over Tariff Increase from July 1

The Electricity Distribution Companies (DisCos) have condemned the silence of the regulator of the body, the Nigerian Electricity Regulatory Commission (NERC) on DisCos’ planned July 1 commencement of a new service based electricity tariff regime in the country. The Association of Nigerian Electricity Distributors (ANED) in a statement at the …

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Private Musing about Power Supply in Nigeria

Elvis Eromosele In a world of 3D printing and manufacturing, artificial intelligence (AI), Cloud Computing Big Data and smart cities can a country compete without power? It is doubtful. Steady power supply is essential for the smooth running of any economy. It is the lifeblood of the digital economy. To …

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National Grid Collapse cannot be totally avoided – TCN

The Transmission Company of Nigeria(TCN) has disclosed that subsequent collapse of the National Grid cannot be totally avoided in the country. In a statement titled, “TCN Restores Supply After System Collapse,” the company explained that as National Grid is still being operated with zero spinning reserve, system instability like the partial …

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