Power Sector News (5578)
A crisis of confidence has hit the Nigerian Bulk Electricity Trading Plc (NBET) over an N701billion subsidy for Generation Companies (GENCOs). NBET Managing Director Dr. Marylin Amobi has redeployed some officers in the Finance and Internal Audit sections, who had reservations about the N701billion loan for the GENCOs, The Nation Newspaper reports.
The average national daily gas supply to the nation’s power plants has risen by 64 per cent, the Nigerian National Petroleum Corporation (NNPC) Financial and Operations Report for May 2017 released today in Abuja has said.
Engr. Olice Kemenanabo is an electrical engineer by profession and the Managing Director, Bayelsa Electricity Company Limited. He manages the Kolo Creek Gas Turbine Station, Imiringi, which was hitherto the only source of electricity supply in the oil and gas-rich state. He bares his mind to John Iwori on the challenges of power supply in the country and the way forward
The Kaduna State government and Hebei Province of China have signed a bilateral agreement for the establishment of solar power plants, agro allied industries as well as steel and cement manufacturing factories across the state, Channels TV reports
Ngozi Ifeoma Malo, senior special adviser to former minister of power, Chinedu Nebo, says Nigeria can generate 10,000 megawatts of electricity, but transmission is the problem.
The Federal Government has said that Nigeria’s power sector required an investment of $5billion (N1.8 trillion) in the next five years to solve transmission challenges, Guardian Reports.
The Federal Government has inaccurately projected that 6 million households in Nigeria need metering, according to Sweetcrude.
Oil giant, Shell said it plans to spend as much as $1 billion a year on its New Energies division as the transition toward renewable power and electric cars accelerates, AllAfrica reports