Tinuade Sandra, managing director of the Eko Electricity Distribution Company (EKEDC), has been relieved of her appointment with immediate effect. This is according to a letter signed by signed by Dere Otubu, the chairman of the DisCo. In the letter dated March 21, 2024, titled Implementation of NERC directive on seconded staff, addressed to Sandra, […]Read More
President Bola Tinubu has greenlit the reconstitution of the Board of the Nigeria Electricity Liability Management Company (NELMCO), marking a pivotal moment in the country’s quest for an efficient and robust power sector. This move comes with a significant modification to the NELMCO Board structure, signaling a strategic shift in governance aimed at enhancing the […]Read More
In a significant development, Governor Usman Ododo of Kogi State has revealed the successful recovery of 53 stolen transformers from the state. This declaration emphasises the government’s unwavering commitment to combating crime in the North-Central region. According to a statement issued on Monday by Ismaila Isah, the Special Adviser on Media to the governor, Ododo […]Read More
Transcorp Power Plc was listed on the Nigeria Exchange on Monday, March 4, with a 10 percent gain and a closing share price of N264. This gives us a valuation of N1.98 trillion, which means it made a whopping N180 billion on its first day of trading. The company, which is listed on the exchange […]Read More
Transcorp Power, one of Nigeria’s leading energy companies, has unveiled plans to list on the Nigerian Exchange Limited (NGX), with a significant market capitalisation pegged at N1.8 trillion. In a statement obtained by EnergyPlanets, Transcorp Power announced its intention to introduce 7,500,000,000 Ordinary Shares, each valued at 50 kobo, at a price of N240.00 per […]Read More
Amidst concerns over Nigeria’s electricity supply, Minister of Power, Adebayo Adelabu, has hailed Azura Power West Africa as a role model for power plants in the country. During a visit to the Azura power plant in Benin City, Adelabu commended its operational efficiency and highlighted its potential to address Nigeria’s power challenges. Azura power plant […]Read More
Kaduna Electric has announced its intention to comply with the directive from the Nigerian Electricity Regulatory Commission (NERC), requiring the refund of overbilled customers. This decision comes following NERC’s enforcement action against distribution companies, including Kaduna Electric, for failing to adhere to the commission’s Capping Order aimed at preventing excessive billing for unmetered customers. According […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has issued two licences to the Alaro Connect Free Zone Enterprise at Alaro City in Epe, Lagos State, to generate and distribute electricity within the free zone. According to NERC, the first license is designated for Embedded Electricity Generation, enabling the enterprise to generate up to 10 megawatts of […]Read More
Eskom, South Africa’s main power supplier, recently announced the expiration of budget quotes for integrating four projects into the grid under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP). Initiated in 2020 to tackle the country’s energy issues, RMIPPPP sought to secure 2,000MW from diverse dispatchable technologies, such as gas, solar PV, wind, battery […]Read More
In the final quarter of 2023, European power producers achieved a significant milestone by generating more electricity from wind sources than from coal for the first time. According to data from the think tank Ember, Europe’s utilities produced a record-breaking 193 terawatt hours (TWh) from wind sites, surpassing the 184 TWh generated from coal-fired power […]Read More
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