$10bn Required Annually for Ten Years to Revive Power Section, Minister Says The Federal government has emphasised that for the power sector to operate at peak performance, an annual investment of $10 billion is imperative, just as it also disclosed that the country would allocate...

FG Targets 6,000 Megawatts Electricity Generation By 2024   Minister of Power, Mr Adebayo Adelabu, says the Federal Government plans to increase power generation from 4000 Megawatts to 6000 by the end of 2024 to boost electricity. Adelabu said this in Abuja on Monday when the members...

FG Commences Restructuring of 11 DisCos – Power Minister   Power distribution companies in Nigeria are currently being unbundled along state lines due to their large sizes that often result in efficiency and ineffectiveness, the Federal Government declared on Monday. It stated that the privatisation of the...

Electricity Tariff May Drop If Exchange Rate Falls Below N1,000 – Adelabu The Minister of Power, Adebayo Adelabu, says the N225 Kilowatt-Hour being paid by electricity consumers on Band A will reduce if the exchange rate falls below N1,000 to a dollar. Adelabu said this Thursday...

FG Commences 700MW Zungeru Hydroelectric Power Plant Trial The Federal Government, on Sunday, announced that testing has commenced on the 700 megawatts Zungeru Hydroelectric Power Plant ahead of the evaluation of electricity from the facility to the national grid. It also stated that the $1.3bn project,...

Transformers, Substations for $2.3bn Siemens Power Project Arrive Nigeria Electricity transformers and substations meant for the $2.3bn Siemens power project have arrived in the country as the project gains traction, Minister of Power, Adebayo Adelabu, said on Sunday. The development came a few months after the...