The worst may be yet to come for some strained oil services companies as $110 billion in debt, most of it junk rated, creeps closer to maturity. More than $21 billion of debt from oilfield services and drilling companies is estimated to be maturing in 2018, almost three times the total burden in 2017, according to a report from Moody’s … Read More
Dormant Power Stations Contribute to National Grid
Three power stations, which had been dormant have come back on stream and started contributing to the National Grid, the Transmission Company of Nigeria (TCN), has said. TCN who disclosed this in its Independent System Operator (ISO) review of the national grid performance, listed the power plants to include Omoku, Trans-Amadi and Rivers Independent Power Plant (IPP). It noted that … Read More
GENCOs Raise Concern Over TCN’s Operational Capacity
Electricity Generation Companies (Gencos) have attributed the current transmission infrastructure of the Transmission Company of Nigeria (TCN) as a threat to the safety of their operations and equipment. The Gencos have, in their expression of distrust with TCN’s operational capacity, also restated similar feelings on TCN as shared by the electricity Distribution Companies (Discos). They had earlier in 2014 warned … Read More