The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced a new base price for natural gas at $2.42 per Million British Thermal Unit (MMBTU) for power sector and $2.92 for commercial users. The agency announced the new domestic base price and wholesale prices of natural gas for 2024 in a statement on Monday. […]Read More
The management of Ikeja Electric Plc, one of Nigeria’s leading electricity distribution companies, has attributed the ongoing power service disruption experienced by its customers to significant load restrictions across several of its transmission load centres. In an official communication addressed to its valued customers on Tuesday, the company expressed regret for the inconvenience caused and […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has mandated all electricity distribution companies (DisCos) in Nigeria to procure at least 10 percent of their contracted energy offtake from embedded generation sources, half of which must be procured from renewable energy sources. This is expected to be made available by April 1, 2025. For example, Abuja Disco […]Read More
The Management of Ibadan Electricity Distribution Company (IBEDC) Plc, has disconnected the power supply to the University of Ibadan College Hospital (UCH) due to an outstanding debt exceeding N400 million Naira, the DisCo said in a release. In the statement obtained by EnergyPlanets, this drastic measure comes after exhaustive attempts to engage with the hospital’s […]Read More
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
In a significant move to address the persistent challenges in Nigeria’s power sector, the eleven Electricity Distribution Companies (DisCos) have secured a credit facility totaling N273.34 billion from the Central Bank of Nigeria (CBN). This substantial sum, allocated under the Nigerian Electricity Market Stabilization Facility intervention project, aims to bolster the country’s electricity infrastructure and […]Read More
In a landmark ruling, the Niger State High Court in Minna has awarded a staggering N1.1 trillion in compensation to the Samboro community in Rafi Local Government Area. This compensation is for the severe hardships endured due to the Zungeru Hydroelectric Power Project situated in the region. Justice Mohammed Mohammed, presiding over suit no: NSHC/6/2023 […]Read More
The Honorable Minister of Power, Adebayo Adelabu, has commended the company’s noteworthy performance and pledged unwavering support towards improving the nation’s power landscape. He made this known while visiting Ikeja Electric Plc on Thursday, March 14, 2024, marking a significant step towards addressing Nigeria’s power challenges. During his visit, Minister Adelabu emphasised the crucial need […]Read More
In a bid to enhance the nation’s power supply, the Federal Government has issued a directive to the Nigerian Electricity Regulatory Commission (NERC) to revoke licenses of non-performing electricity distribution companies (DisCos). Adebayo Adelabu, Minister of Power, made this known during a crucial meeting with agency heads held in Abuja on Monday. Addressing the gathering, […]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
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