Power Purchase Agreements Not Cancelled – Adeosun Nigeria’s Finance Minister, Mrs Kemi Adeosun has said that unverified media reports on the purported cancellation of the Power Purchase Agreements (PPAs) signed by the Federal Government with Project Developers in the power sector is untrue. She stated this...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said he will, like other consumers, be more resistant to payment of electricity bill if there is no supply. Fashola said this at the 12th Monthly Power Sector and Stakeholders’ Meeting in Ibadan hosted...

...Seeks Support for ‘Green Bonds’ Projects There are strong indications that the federal government is considering granting further tax holiday to investors in the power sector in its bid to help stimulate investment in the sector. A top government source told THISDAY that the Minister of...

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...

Nigeria is endowed with oil and natural resources but the country cannot be said to have ever had adequate supply of electricity in the history of its electricity generation. This might get worse, as the country’s population increases and economic development is calling for...

The President/CEO Dangote Group, Aliko Dangote has said the power sector privatisation was done wrongly and suggested it should be reversed. He said the problem in the power sector has persisted despite privatisation because the buyers lack understanding of the complexities of the sector. Dangote made...