Business Hilights

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Work on 3050MW Mambilla Power Plant to begin as litigant withdraws suit at ICA

Though funding remains another major bottleneck, but last week’s withdrawal of age long lawsuit filed at the International Court of Arbitration against the execution of the project against the 3050MW Mambilla Power Plant, may have cleared the way for any…

Discos’ poor installations, constructions behind rising consumers’ electrocution

The true cause of momentary electrocution of Nigerian electricity consumers’ have been identified and stringent measures and regulation introduced by the Federal Government to tame the scourge going forward. Otherwise, the Federal Government is officially considering the prosecution of power…

New power policy rendering Discos technically useless in power value chain?

The newly unveiled electricity distribution policy, called ‘willing seller, willing buyer’ have continued to generate confusion as to the place of Discos in the emerging new value chain of electricity delivery from generation to end users. In a statement issued…

First unit of $1.29bn Zungeru hydropower plant to begin production next year—FG

Whereas there had been no sign of serious investor on the planned $5.2bn Mambila Power project, there are hopes that first unit of the $1.29bn Zungeru hydropower plant coming up in Niger State may begin power production to the national…