Energy Development Project

FG’s unpaid debt to GenCos hits N500bn, N701bn intervention falls short, says GenCos

Written on May 29th, 2017 by
Categories: Energy Development Project

ENERGY FG’s unpaid debt to GenCos hits N500bn, N701bn intervention falls short, says GenCos Posted on May 1, 2017 COMMENTS The 26 electricity Generation Companies (GenCos) in Nigeria have revealed that the federal government is owing them about N500bn debt...
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Gencos threaten nationwide blackout over N140bn debt

Written on May 29th, 2017 by
Categories: Energy Development Project

Summary:   QUOTE A further breakdown of the N140 billion debt profile, which are financial obligations from the Central Bank of Nigeria (CBN) and NBET showed that Egbin Power Limited is being owed N68.71 billion; Transcorp Power, N28.29 billion; Shiroro, N9.66 billion; Ge...
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GENCOs, DISCOs at war over mounting debts

Written on May 29th, 2017 by
Categories: Energy Development Project

QUOTE The DISCOs have blamed their inability to meet their financial obligations in the electricity value chain on      - non-reflective tariffs,      - vandalism,      - low power generation,      - inability to access credit facilities from the banks  (already have N3 trilli...
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Written on May 29th, 2017 by
Categories: Energy Development Project

THE NATION May 29, 2017 How Over N400b Debts by DisCos Crippled GenCos There are fresh insights as to why the operations of the different power generation companies (GenCos) across the country have been rendered prostrate. The Nation can authoritatively report that th...
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DisCos fail to settle N243bn GenCos’ debts

Written on May 29th, 2017 by
Categories: Energy Development Project

DAILY TRUST   DisCos fail to settle N243bn GenCos’ debts By BusinessNews Staff on February 15, 2017 The 11 electricity Distribution Companies (DisCos) operating in Nigeria have not settled a debt of N243bn for power supplied by 25 Generating Companies (GenCos) as at the end of 2...
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‘How Nigeria can fix power sector’ – Green Elec President Marcel Hochet

Written on May 28th, 2017 by
Categories: Energy Development Project

THE NATION ‘How Nigeria can fix power sector’ Posted By: AKINOLA AJIBADE On: May 29, 2017 In: CEO How can Nigeria’s endemic power problem be resolved? By increased investment in renewable energy, gas pipelines, power plants and transmission network, among others, say...
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FG Lists Category Of Eligible Customers in Nigerian Electricity Supply Industry (NESI)

Written on May 24th, 2017 by
Categories: Energy Development Project

FG Lists Category Of Eligible Customers in NESI May 23,2017 THE Federal Government FG has declared four (4) categories of eligible customers in the Nigerian Electricity Supply Industry. The declaration permits electricity customers to buy power directly from the generation c...
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Energy Storage Key to Reliable Solar Power Systems

Written on May 24th, 2017 by
Categories: Energy Development Project

Nigerian Electricity Hub Energy Storage Key to Reliable Solar Power Systems May 24, 2017 To sustain the growth profile of alternative energy systems like solar power, experts have stressed the need for the deployment of effective and quality energy storage systems like batteries. In an ...
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Crude Oil Barrel Breakdown – WSJ

Written on May 22nd, 2017 by
Categories: Energy Development Project

    http://graphics.wsj.com/oil-barrel-breakdown/   WALL STREET JOURNAL   Barrel Breakdown The cost of producing a barrel of oil and gas varies widely across the world, setting up winners and losers as the price of crude fluctuates at historically low levels. By...
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We must return to regional electricity grids — Thomas

Written on May 13th, 2017 by
Categories: Energy Development Project

We must return to regional electricity grids — Thomas Published May 14, 2017 Dada Thomas The President, Nigeria Gas Association, Mr. Dada Thomas, who is also the Chief Executive Officer, Frontier Oil Limited, speaks with IFE OGUNFUWA on the inefficiencies in the gas to pow...
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