2022 too far for upgrading wheeling capacity to 20,000 MW, TCN told
The Organised Private Sector (OPS) has described the recent position of the Transmission Company of Nigeria (TCN), that it has concluded plans to increase Nigeria’s wheeling capacity from 8, 000 to 20,000 megawatts by 2022 as bad news. Recall that…
Power blame game to deepen in 2020 as national grid crashes last week
Throughout 2019, the Nigerian national grid had not less than 20 collapses which translates to poor infrastructure and maintenance systems on power transmission. Recall that during the 2013 unbundling of the nation’s electricity sector, whereas generation and distribution was ceded…
‘Foreign investors’ on heavy machineries can’t survive on weekly power collapse’
Experts in development economics have given fresh reason why several roadshows and international campaigns by the Federal and State governments cannot convince deep pocket investors who rely on use of heavy machineries to do their business. In an interview with…
Is Discos deceiving critics with sudden N935bn five-year investment plans?
There are strong speculations that the recent indication that electricity distribution companies (Discos) are set to invest N935bn in their networks stemmed from unprecedented complains and outcries of both the Transmission Company of Nigeria (TCN) and even generation firms. However,…
FG may move $1.66bn TCN loan to Siemens for Nigeria-Siemens 25,000MW deal
Strong indications emerged Wednesday that the Federal Government may rely on the yet to be spent $1.66bn secured by the Transmission Company of Nigeria (TCN) from the World Bank and other multilateral financing agencies to deliver the recent power delivery…
Lagos 2019 Power Nigeria summit to review challenges as supplies worsen
The current drop in supplies of electricity nationwide due to issues bordering on transmission crisis despite upon the $1.63bn intervention so far made by the government arm of the industry, the Transmission Company of Nigeria (TCN) will take centre stage…
Nigeria-Siemens power deal bungles W’Bank $1bn loan request?
More revelations have emerged from the latest power sector revival deal sealed between the presidency and the German power giant, Siemens on Monday. Whereas throughout the discussions, no mention of funding was made by either parties on how to source…
Low load demand by Discos frustrating Gencos, economic productivity—Survey
Nigerians have continued to react to the retrogressive business ideology of Nigeria electricity Distribution Companies (Discos), who are now in the habit of reducing their demand for power from generating companies (Gencos), thereby frustrating generating capacities and killing the manufacturing…
Gencos may be amongst early gainers in AfCFTA if…
More sectors that may gain most from the full activation of the African Continental Free Trade Area (AfCFTA) Agreement signed last Sunday in Niamey, Niger Republic by all heads of government of the African Union (AU) are still emerging. Latest…
Disocs owe Transitional Electricity Market over N263bn in 4 years
More details have emerged on why the needed progressive investments in the nation’s electricity sector had reduced to snail speed in the last couple of years, thus fueling regular collapse of national grids and nationwide blackouts from time to time….
