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Tag: Babatunde Fashola

Electricity Grid Loses 728mw in 12 Days, Down to 3,432mw

The national electricity grid has lost 728 megawatts in first 12 days of 2017, after peak power generation dropped to 3,432mw on Thursday. Daily Trust report that the grid started with a peak generation of 4,160mw attained on January 1, 2017 with the lowest generation...

Power Ministry to Spend N322m to Run Generators

...to procure N6.2bn transformers The Federal Ministry of Power, Works and Housing and some of its agencies will be spending N6.562 billion to operate generators and buy transformers in 2017. The ministry budgeted for generator maintenance alone the sum of N322.7 million in spite of the...

FG Rules Out Electricity Tariff Hike for Now

...Says TCN’s wheeling capacity is now 7200MW The Federal Government has said that it will not approve a fresh electricity tariff hike at least for now, stating that it is still meeting with stakeholders in the country’s electricity sector, including the World Bank to provide...

Power: Tariff Rise, MDAs’ Debt Payment Top Outlook for 2017

The year 2017 begins with the power sector carrying over its critical challenges of liquidity, low metering, and most of all, poor electricity supply. Daily Trust projects likely power sector outcomes in the fresh year. Tariff review: Electricity price may rise The year begins with an...

Power Generating Firms Perform Below 30% – Report

The combined performance of all the privatised thermal power generating stations in the country was less than 30 per cent in the third quarter of 2016 despite being managed by private investors. Industry operators blamed the poor performance of the power generating stations on the...

Introduce Routine Maintenance for Lagos-Ibadan Road, FG Told

The House of Representatives Committee on Works has said that the Lagos-Ibadan Expressway should be given routine maintenance after its rehabilitation in order to avoid it reconstruction in a few years to come. The Chairman of the committee, Mr. Toby Okechukwu, said this during an...