The Federal Government, yesterday, said that coal mining licences would be issued only to companies that are interested in generating electricity from coal. It also declared that it has not concessioned the Ajaokuta Steel Company, and that it is currently undertaking a technical audit of the facility to determine structures that are on site. Speaking at a forum in Abuja, … Read More
Nigerians Spend N3.5 Trillion Generating Their Own Electricity Yearly- Sahara Group
Due to irregular supply of public electricity, about N3.5 trillion ($21.9 billion) is spent yearly by businesses, families and others in Nigeria to buy fuel for power generation. Disclosing this yesterday at the ongoing 2016 Huawei Connect conference in Shanghai, China, the Business Leader (Distribution), Sahara Group, the firm with majority stakes in Ikeja Electricity Distribution Company, Rotimi Onanuga, said … 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