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   Market Date: 21-11-2013   
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Power

  1. Forte Oil Plc takes over Geregu Power Plant


    Forte Oil Plc has taken possession of the the 414 megawatts Geregu Power Plant following the formal hand over of complete operational control at a brief ceremony.
  2. Transcorp takes over Ughelli Power Plant


    Transcorp Ughelli Power Limited (TUPL), a subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) today officially took physical ownership of Ughelli Power Plc, the owner and operator of the 1000MW capacity Ughelli Power Plant following a hando
  3. Ghana plans new investment in energy sector for 2014


    Investment in Ghana’s hydrocarbons sector has boomed over the past six years, with capital inflows helping stoke headline growth in the double digits. The performance of oil and gas exploration and production (E&P) activity has been robust, but passage of
  4. Power supply to households improve slightly in Q3 2013


    Latest power sector poll results released by NOIPolls Limited for the 3rd Quarter of 2013 has revealed that more Nigerians experienced slight improvements in their power supply in Q3 (38%) compared to Q2 2013 (33%). Similarly, the proportion of Nigerians
  5. Banks alone cannot fund the $8bn yearly power needs - FBN Capital Conference


    Nigerian banks would need the support of institutional and foreign investors to fund the huge resources needed to drive various ongoing infrastructure projects, especially the over $8 billion required to meet the deficit in the power sector for the next 1
  6. Jonathan Presents Licences, Shares Certificates to 14 New Owners


    In what has been described as a historic handing over and a milestone in the power sector reform process, President Goodluck Jonathan on Monday, handed over share certificates and licenses to the 14 new owners of the power distribution companies (discos)
  7. Nigeria considers coal to ease power shortage


    An agreement to invest in coal-fired power generation could be a positive move for broadening Nigerias energy mix and strengthening formal grid supply, which lags well behind demand.
  8. Transitioning Nigeria's state owned electricity sector to a private power market


    Energynet Ltd will be hosting the inaugural Power Investors Summit Nigeria, this coming 2 4 October 2013, at the Lagos Oriental Hotel, Victoria Island. This senior level industry engagement, endorsed by the Honourable Minister of Power, Prof Chinedu Neb
  9. Positive Effects of Power Sector Privatisation will soon emerge – President Jonathan


    President Goodluck Jonathan said Monday in Abuja with the successful conclusion of the sale of the country’s power generation and distribution companies, Nigerians will soon begin to enjoy the positive benefits of the privatization of the sector.
  10. AfDB enhances access to reliable and affordable electricity supply in Côte d'Ivoire


    TUNIS, Tunisia, July 24, 2013/ -- The Board of Directors of the African Development Bank (AfDB) yesterday approved a senior loan of up to 50 million euros to finance the CIPREL Power Expansion Project to increase the existing plant capacity by 222 MW and
  11. 47% of Nigerians Experienced Poor Power Supply in Q2'13


    The series of Power Sector Polls conducted by NOI Polls Limited in the second quarter of 2013 has revealed that an average of 47% of Nigerian adults said that electricity supply was poor or went from bad to worse. The results also indicate that about 8 in
  12. Obama's Power Africa initiative: Reforms key to Power Africa success – AfDB


    The African Development Bank (AfDB) (http://www.afdb.org) will, as part of its support for U.S. President Barack Obama’s Power Africa initiative, deepen and expand its work in reforming the energy sector.
  13. Elumelu's Heirs Holdings Commits USD2.5 Billion to Obama’s Power Africa Initiative


    DAR ES SALAAM, Tanzania - As part of his commitment to deliver affordable and accessible power to the continent, African business leader Tony O. Elumelu is committing US$2.5 billion to the power sector in Africa. The investment is being made through his p
  14. Power sector receives boost hope at NDPH roadshow


    Demonstrating its commitment to bringing viable solution to the development and transformation of the power sector in Nigeria, the Niger-Delta Power Holding company organized a roadshow on 'Bridging the power gap for sustained economy'.
  15. Angola to 'increase power production five-fold by 2017'


    The Angolan government has announced plans to invest US$17.7mn (AKZ1.7bn) and quintuple the country's power production capacity by 2017
  16. GON finally signs share purchase agreements, to realise $2.32billion


    The Federal Government on Thursday signed the Share Purchase Agreement (SPA) and twelve other documents with fourteen (14) core investors that won bids for 15 successor companies carved out of the Power Holding Company of Nigeria (PHCN)preparatory to the
  17. GE and GON sign N150b Power Deal, enters agreement with Geometric for 450mw plant


    The Government of Nigeria (GON) yesterday sealed a $1billion (N158 billion) deal with General Electric (GE) USA to boost the power sector in the next five years; underlined by the agreement to establish a manufacturing/assembly and training facilities in
  18. Transcorp and GE sign agreement on Power & Infrastructure Development


    Transnational Corporation of Nigeria Plc (Transcorp) and General Electric (GE), today signed a framework agreement to collaborate in addressing the infrastructural needs of Nigeria, with emphasis on the power and transportation sectors.
  19. Update on Winners as BPE opens bids for 11 distribution companies


    The Bureau of Public Enterprises, BPE, is today organising the formal commercial bids opening for 11 distribution companies (DISCOs), which are successor companies of the Power Holding Company of Nigeria, PHCN.
  20. NCP Names Buyers of Nigeria’s Five (5) Power Plants – Transcorp , Forte Oil are successful


    The National Council on Privatisation (NCP) of Nigeria today, announced the preferred bidders for five state power generation plants, part of plans to privatise the country's electricity sector to boost growth in Africa's second largest economy.
  21. Transcorp Consortium wins bid for the acquisition of Ughelli Power Plant


    The Nigerian Bureau for Public Enterprises (“BPE”) , following the conclusion of its evaluation of the commercial bids for the privatization of some of the power generation companies created from the unbundling to the Power Holding Company of Nigeria (PHC
  22. Nigeria: Ensuring a successful power sector privatisation


    A cardinal objective of power sector roadmap created by the current administration in August 2010 to help implement the Electricity Power Sector Reform Act of 2005 is the sustained improvement of electricity service delivery throughout the transition peri
  23. GEJ reconstitutes Power Sector Action Committee and Task Force on Reforms


    In a move to give renewed impetus to his administration’s drive to significantly improve power supply across the nation, President Goodluck Ebele Jonathan Wednesday recomposed the Presidential Action Committee on Power and the Presidential Task Force on
  24. The New Electricity Tariff: the benefits and the Fears


    A new electricity tariff is set to commence in Nigeria in less than 24hrs despite the huge outcry from a large number of Nigerians. Barring any unforeseen challenges, the payment of a new tariff regime under the multi-year tariff order 2 (MYTO-2), as app
  25. Nigeria says GE signs $10 billion power plants MoU


    Nigeria says GE signs $10 billion power plants MoU
  26. Electricity Tariff to Rise by 11%, Says NERC Boss


    Electricity Tariff to Rise by 11%, Says NERC Boss
  27. Nigeria again delays power sector privatisation


    Nigeria again delays power sector privatisation
  28. Nigerian Energy Sector Report – BGL


    Nigerian Energy Sector Report – BGL
  29. NERC to decide on new electricity tariff Thursday


    NERC to decide on new electricity tariff Thursday
  30. FG suspends electricity tariff hike


    FG suspends electricity tariff hike
  31. Regulator issues 21 new power licenses


    Regulator issues 21 new power licenses
  32. Nigeria's power privatisation delayed to Q2 2012


    Nigeria's power privatisation delayed to Q2 2012
  33. Blackout looms nationwide as PHCN plans to shut 5 power plants


    Blackout looms nationwide as PHCN plans to shut 5 power plants
  34. Frequently Asked Questions on Power Sector Reforms


    Frequently Asked Questions on Power Sector Reforms
  35. Electricity Supply And Demand Statistics


    Electricity Supply And Demand Statistics
  36. Nigerian Power Conference - May 25 2011


    Nigerian Power Conference - May 25 2011
  37. Nigeria to privatise power generation


    Nigeria’s president on Thursday invited foreign investors to join what could be one of Africa’s biggest privatisations as the country seeks to sell its power generation and distribution companies.Goodluck Jonathan called time on the state-ow
  38. Govt renews initiatives for FDIs in power sector


    The Federal Government has stepped up efforts to secure more Foreign Direct Investments (FDIs) in the nation’s power sector, to improve supply situation in the country. Already, the government has begun discussions with some international investors
  39. Central Bank focuses on power sector


    The recent moves by the Central Bank of Nigeria (CBN) to bailout the power sector is worrisome, some finance experts say.
  40. Babalola says FG needs $5bn annually for optimum power supply


    The Federal Government has said that for the country to achieve 10,000 megawatts of electricity that could fast-track economic growth, it needs to inject between $3 billion and $5 billion annually in five years into the power sector


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