You are here
Home > Power Sector (Page 2)

Power sector ‘lost N324.3b’ in eight months

Power sector ‘lost N324.3b’ in eight months

New data from the advisory power team in the office of Vice-President Yemi Osinbajo has shown that the power sector has lost N324.3bilion this year, due to gas constraints and poor distribution network. According to the latest power generation report, 3,700megawatts (Mw) of electricity could not be generated on August 20 due to unavailability ofRead More
The post Power sector ‘lost N324.3b’ in eight months appeared first on The Nation Nigeria. …

Expert advises Buhari to engage Chinese investors in power sector

Expert advises Buhari to engage Chinese investors in power sector

One of Nigeria’s leading Industrialists and Chairman, Blue Diamond Logistics, Mr. Festus Mbisiogu, has urged President Muhammadu Buhari to fully engage Chinese investors to help tackle the challenges in the power sector. Buhari is one of the African leaders expected to attend the 2018 Forum on China Africa Cooperation (FOCAC) Summit scheduled to hold inRead More
The post Expert advises Buhari to engage Chinese investors in power sector appeared first on The Nation Nigeria. …

Epileptic power supply: Fashola, power vendors trade words over inefficiency

Epileptic power supply: Fashola, power vendors trade words over inefficiency

Worried by worsening power supply situation and rising consumer complaints, Fashola urged power vendors
The post Epileptic power supply: Fashola, power vendors trade words over inefficiency appeared first on – The Sun News. …

World Bank plans $4.5bn project funding for Nigeria

World Bank plans $4.5bn project funding for Nigeria

The World Bank at the weekend said it was planning to increase its funding to Nigeria by $4.5 billion
The post World Bank plans $4.5bn project funding for Nigeria appeared first on – The Sun News. …

Stakeholders call for more investment to avert imminent power sector collapse

Stakeholders in the power sector converged on maiden Sahara Power Summit in Lagos recently on a mission to rescue the power sector from imminent collapse due to challenges of policy somersault, illiquidity in the sector […]
The post Stakeholders call for more investment to avert imminent power sector collapse appeared first on Tribune. …

SERAP to Fashola: Account for post-privatisation spending on power sector

Socio-Economic Rights and Accountability Project (SERAP) has sent a Freedom of Information request to Babatunde Fashola, SAN, Minister of Power, Works and Housing asking him to use his good offices and leadership position “to urgently provide information on specific details of spending on the privatisation of the electricity sector and the exact amount of post-privatisation spending to date, and to explain if such spending came from budgetary allocations or other sources.”
The post SERAP to Fashola: Account for post-privatisation spending on power sector appeared first on Vanguard News. …

Power sector records 230 systems breakdown in 8 years

DESPITE the fact that the nation’s natural gas reserves rose by 4.067 trillion cubic feet (tcf) from 187.998tcf in 2014 to 192.065tcf in 2015, the power sector continues to suffer various setbacks as it recorded 230 systems breakdown or collapses in eight years.
The post Power sector records 230 systems breakdown in 8 years appeared first on Vanguard News. …

Top