TCN Faults N1.5trn Intervention In Power Sector         The about N1.5tn intervention of the Federal Government in the power sector is not reflecting in the current performance of the industry, the Transmission Company of Nigeria said on Thursday. According to TCN, the intervention was done to boost...

Gas Producers Seek Full Payment From Power Sector         The Nigerian Gas Association and other stakeholders have said the liquidity issues that hamper returns from the power sector should be speedily resolved to address legacy debts and facilitate full recovery of gas revenues from the Nigerian...

44,068MW Stranded As Power Sector Loses N645.15bn         The cumulative revenue lost by the power sector in 2020 was N645.15bn, while the total quantum of electricity constrained during the period was 44,068 megawatts, investigation has shown. Constrained power is the quantum of electricity that could not be...

Tariff Implementation: Nigeria’s Power Sector Faces Bleak Future — GENCOs       Power Generating Companies, GENCOs, has said that the constraints bewildering Nigeria’s power sector are so vast that they may end up forcing it to comatose. The GENCOs reaction is coming against the backdrop of the recent...

New Tariff Will Attract Power Sector Investments – NERC       The Nigerian Electricity Regulatory Commission on Tuesday said the recently reviewed service reflective tariff would attract more investments to the power sector. Chairman of the commission, Prof. James Momoh, who said this in Abuja during a working...

Osinbajo Seeks Private Investments In Power Sector         Vice President Yemi Osinbajo on Thursday said the Federal Government welcomed new investments in the power sector especially ones that will connect directly with the end consumers on a willing buyer-willing seller basis. Prof. Osinbajo said this while answering...