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Thursday, 30 May 2013

Nigeria’s power sector still stutters

Posted on 23:17 by Unknown
Written by Yunus Abdulhamid
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The power sector in Nigeria remains largely in the doldrums in spite of sing songs from the federal government, given that the ever expanding Nigerian population of over 160 million is still grappling with just 4,500 megawatts of electricity, an amount of power used by a medium sized European city.
In December 2012, power generation in Nigeria hit a record 4,517mw. In 2010, it was 2000mw.
The government celebrated it at every opportunity. That record has continued to dwindle, fluctuating between 2500mw and 3500mw since then. Just last weekend, there was a system collapsed that plunged the entire country into darkness.
At the start of 2011, then minister of Power, Prof Barth Nnaji, made a commitment that by December of 2012, the power generation capacity would hit 5000 megawatts. It never did. The federal government blamed poor transmission grid, saying generation capacity had hit the target but could not be wheeled to the distribution companies.
By the wake of 2012 and down to the beginning of 2013, the federal government assured Nigerians that generation target for December 2013 was 10, 000 megawatts and indeed by the timeline contained in the vision 2020, Nigeria is supposed to have 10, 000mw by end of 2013.
However, on May 1, 2013, minister of power, Prof Chinedu Nebo, again announced that given current realities, the 10, 000 mw for 2013 was unrealistic. The goal post was then shifted once again, this time; first quarter of 2014.
Few weeks before, at an elaborate ceremony at the state house in Abuja, Prof Nebo had said the transmission grid needed an overhaul and an investment outlay of $3.5 billion to be able to handle the quantum of power generation capacity in the coming months.

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We’ve boosted electricity with N1.3b, says Dickson

Posted on 23:10 by Unknown
By Igoniko Oduma /Yenagoa
Bayelsa State Government says it has expended N1.3 billion “to boost electricity in the state” despite residents expressing concerns over frequent power outages in the state in the past two years.
Bayelsa was thrown into darkness on Friday, May 17, after a heavy storm pulled down a big tree which fell on one of the power towers of Power Holding Company of Nigeria (PHCN) in the thick forest of riverine Obunagha community in Yenagoa local government area of the state.
The huge tree was said to have badly damaged the power tower which had caused a comprehensive disruption of electricity supply to the state.
Already, water vendors and operators of salons, documentation centres and cold rooms in Yenagoa have capitalized on the situation to arbitrarily increase the prices of their services even as long queues are observed at petrol stations.
Investigations showed that a 20-litre jerry can of water now goes for N50 as against N30 while a haircut had increased from N200 to N300 as dealers on generators in Yenagoa are said to be exploiting the situation to record increased sales.
There are concerns that Bayelsa had recorded too frequent power outages in the last two years.
 
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South Korea to invest $30bn in Nigeria’s power sector

Posted on 23:04 by Unknown
A South Korean company, High Quality and Marketing Company(HQMC), in conjuction with their Nigerian partners, Samie Holding Limited, is to invest about $30 billion in the next 10 years to produce 10,000 megawatts.
President of HQMC, Monn-Sang Kim, stated this before signing a Memorandum of Understanding (MOU) with the Minister of Power, Professor Chinedu Nebo.
He stated that HQMC was going to produce 1000 megawatts every year, starting from January 2014 through solar energy.
Kim said that the objective of the MOU was the development of megawatts with Battery Energy Storage System (BESS) of electric power generation capacity in Nigeria through the cooperation of the Nigerian government and HQMC.
He said: “The projects shall be developed following an Independent Power Producer (IPP) model, whereby a special purpose project company shall be established for each project to facilitate equity investment by the parties and third party investors.”
Speaking at the event, Minister of Power, Professor Nebo, stated that Nigeria was very eagre for electricity generation, but wanted to work more with producers of renewable energy.
 
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4,000 megawatts & more! Here is the full list of FG’s achievements so far (READ)

Posted on 22:57 by Unknown
Goodluck_Jonathan
 

 
POWER
• Launch of the Roadmap for Power Sector Reform. The Roadmap launched sets out a clear implementation plan of the Electricity Power Sector Reform Act (2005) as a reaffirmation of the commitment to resolve the power crises and setting the path for power sector Improvement.
• The Re-instatement of the Nigerian Electricity Regulatory Commission. The regulatory body was strengthened with a new Chairman and Commissioners sworn in for the purpose of providing appropriate regulatory functions for the electricity market in Nigeria.
•The Jonathan administration unbundled the Power Holding Company of Nigeria (PHCN) into 18 successor companies for greater efficiency and effectiveness in power generation and distribution.
• Creation of the Nigerian Bulk Electricity Trading Plc. The President inaugurated the CEO and board of the Nigerian Bulk Electricity Trading Plc (also known as the Bulk Trader) in August 2011. The requisite environment for private sector investment in the Nigerian Power Sector has been created by establishing a credit-worthy offtaker of power, NBET Plc, who provides confidence to the power generating companies that they will be paid for power produced.
• The Jonathan administration launched the Energy Efficiency and Energy Conservation Lighting Scheme. This is to promote and encourage the use of energy efficient bulbs and lighting systems in order to create an energy conservation culture
• The Federal Government of Nigeria entered into an MOU with worldwide leaders in the power sector, General Electric. The MoU stipulates that General Electric will invest up to 15 percent equity in power projects in the country summing up to 10,00MW capacity by the year 2020. General Electric also proposes to establish local packaging facility for small aero-derivative turbines in Nigeria which will promote job creation.
• Signing of a Memorandum of Understanding with the US- ExIm Bank. The Ex-Im Bank of the United States of America signed an MoU with the Federal Government of Nigeria to provide an investment window of up to $1.5BN for investors willing to invest in the Nigerian Power Sector. This is the first time such quantum of money will ever be made available by the US Exim Bank for a specific sector in Africa.
•The Goodluck Jonathan administration has improved the power generation from around 2000 megawatts to 4502 megawatts in December 2012 the highest since Nigeria returned to democratic rule in 1999.
•By July this year, power generation will hit 6,000 megawatts and by December this year it will hit 10,000 megawatts (assurance given last week by Minister of State for Power).
•All ten Power Plants under the National Integrated Power Projects (NIPP) scheme to be commissioned by the end of this year. At the moment, majority of them have reached 95 percent completion stage.
•Improved power supply has been boosted in part by the emergency declared in the Gas sector last year by President Jonathan. At the time gas supply was insufficient. But now, thanks to the intervention by Mr. President, Nigeria now produces more gas than is required for domestic consumption.
•For more efficient power supply, the Jonathan administration has privatized the power distribution companies (DISCOs) under a most transparent bid process.
•Today, large parts of an unprecedented number of cities and towns across the country are enjoying between 14 to 16 hours of uninterrupted power supply, except in some few areas where localized problems of power distribution network have created bottlenecks for smooth transmission.
 
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Wednesday, 29 May 2013

Will the power minister deliver the goods?

Posted on 23:56 by Unknown
 


Apparently concerned about the state of electric power supply across the country, the Senate recently summoned Chinedu Nebo, minister of power, Hajia Zainab Kuchi, minister of state for power and others to appear before its Committee on Power two weeks ago to explain why the problem of electricity supply has remained unabated in the country.


A recent survey by NOI Polls Limited, Nigeria’s leading opinion polling and research organisation, revealed that power outages experienced by Nigerians last month were worse than that of March.

At the meeting, Nebo, among other things, disclosed that nothing less than N335 billion was needed to have a robust super national grid network that would ensure uninterrupted and steady supply of electricity.

Nebo, who reportedly expressed worry over the decay in the sector, said most of the equipment available were old, adding that there was also a problem of acute shortage of able-bodied manpower.
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Govt inaugurates committee on coal-to-power generation

Posted on 23:46 by Unknown
 
THE Federal Government has inaugurated a committee on Coal-to-Power generation to ensure an alternative energy source, especially from coal with a view to diversifing the nation’s electricity resources and enahncing sustainable power supply in the country.
Minister of Mines and Steel Development, Musa Sada, who was represented by the Permanent Secretary in the ministry, Linus Awute, at the inauguration told The Guardian in Abuja that the aim of the project will be to “act the element of the ministry’s roadmap and develop future resources and plants to enhance our power generation.”
He said that the country’s coal supply sustainability include an overall large reserve of metric tones with proven huge reserves, as well as environmentally friendly quality of low sulphur bituminous and sub-bituminous coal and good storage characteristics.
 
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Tackling the challenge of unsteady power supply

Posted on 23:41 by Unknown
Saving-Electricity
 
“I believe by the grace of God, the use of generators will gradually become less and less a thing of importance in Nigeria and this will take long before it is achieved.”
These are the exact words of the Minister of Power Professor Chinedu Nebo, in his comments on how soon Nigerians would begin to enjoy steady electricity supply without recourse to the use of generators. Epileptic power supply has been an endemic problem in Nigeria. Efforts by past governments to address the problem appear to have yielded little result. The 2010 Power Sector Road Map and Reform which seek to reverse this unacceptable trend are seen by many as the first time that government put in place an ambitious and robust master plan to proactively tackle the issue of epileptic power supply in the country.
 
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Chinese Companies to Build Hydro-Power Plants for Nigeria

Posted on 23:38 by Unknown
 
The plant, located in central North Niger State, is expected to be completed in 2017 and is being constructed by China-based consortium of Sinohydro Corporation Ltd and Chinese National Electric Engineering Co (CNEEC).

Both Chinese firms signed the Engineering procurement construction (EPC) contract with the federal ministry of power to complete the project by the end of 2017, Xinhua reported.

President Goodluck Jonathan said at the ceremony that the hydro dam project when constructed would generate 700 megawatts of electricity for the country.

The Zungeru Hydro Electricity Power Project was conceived in 1982, but due to constraints of funds the construction work could not commence.

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Electricity: ‘Nigeria can attain10,000mw by year end’

Posted on 00:56 by Unknown
President of the Senior Staff Association of Electricity and Allied Companies (SSAEC), Comrade Bede Opara has said that Nigeria can achieve 10,000mw power generation by the end of this year.
Opara said the nation’s desire to up its power generation lies on the contractors handling power projects and the institutions to sanction them if they fail to complete their jobs as at when due.
He told our correspondent in a telephone chat that Nigeria has what it takes to achieve 10,000 mw in the months ahead.
He said: “It is feasible provided the contractors are ready to work within the scheduled time and government institutions are ready to guide and possibly sanction them if they fail to deliver the projects as at when due.”
Power Minister, Professor Nebo had last week shifted the nation’s goal post to the attainment of the 10,000 megawatts to the first quarter of 2014 due to extraneous factors.
 
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PHCN attributes high bills to faulty meters

Posted on 00:49 by Unknown
 
Lagos- Rekhiat Momoh, the Orile Business Manager of PHCN in Lagos, on Tuesday said that faulty and obsolete meters were responsible for the outrageous bills being distributed in the unit.

Momoh disclosed this at a Customers Consultative Forum held by the business district in Lagos.

She said that the faulty and obsolete meters were contributing to poor metering in the area.

The business manager said that the development was one of the major challenges facing the unit, saying that the management was not happy with the situation.
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FG Approves $1.7bn Counterpart Fund For Power Sector

Posted on 00:43 by Unknown
 
The federal government has approved $1.72 billion to cover counterpart funding for the construction of the 700MW Zungeru hydroelectric power dam in Niger State and other projects in the power sector.
The government has also disclosed the phase in of the 3,050MW Mambilla dam in Taraba and the Gurara dam in Suleja, also in Niger State.
Speaking yesterday at the official ground-breaking ceremony of the project site in Zungeru, Niger State, President Goodluck Jonathan noted that the problem of funding and other obstacles which had hindered the effective commencement of the project have now been adequately addressed.
 
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Our children’ll not remember generator again — Jonathan

Posted on 00:25 by Unknown
President Goodluck Jonathan
 
With the short and medium-term programmes mapped out for the power sector in the country, President Goodluck Jonathan on Tuesday said Nigerian children soon would no longer depend on generators for electricity supply.
Speaking at the ground-breaking ceremony of the N162.9bn Zungeru Hydro Power Dam in Niger State, the President said many of the programmes mapped out for the power sector had been attained and surpassed, and that the issue of generators would soon be a thing of the past.
He said, “Today, many short and medium programmes have been attained and surpassed. The long term programmes of the power project are underway.
“Our children must not live in a country where they get individual generators to generate light for them. This government is ensuring the regulation of the power sector to ensure power for all.”
Jonathan said his administration was working towards the regulation of power where the use of individual generators would be outlawed.
 
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Unending ripples over unbundling of PHCN

Posted on 00:19 by Unknown
 
By CHARLES KUMOLU
LIKE other sectors of Nigeria’s socio-economic existence, the story of the country’s energy sector since the Electricity Corporation of Nigeria, ECN, ordinance No. 15 of 1950, has been punctuated by operational failures. Although, those in charge of the nation’s power sector can claim otherwise owing to some distant and recent reforms in the sector.
But the sad state of the power sector, is a common knowledge to both the learned and unlearned man on the streets of Lagos and Lafia, as almost all Nigerians are victims of the near absence of electricity in a country of about 160 million people.
 
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FG deploys MYTO fund to fix electricity companies

Posted on 00:10 by Unknown
 
Written by Simon Echewofun Sunday
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The Minister of state for Power, Hajiya Zainab Ibrahim Kuchi has said the zero budgetary allocation to the 17 successor companies of former Power Holding Company (PHCN) in the 2013 appropriation were being funded with the Multi Year Tariff Order (MYTO) II.
She said latest July ending, the electricity distribution and generation companies would be handed over to the preferred bidders after all labour related issues of PHCN workers are sorted out. Kuchi spoke in Abuja yesterday at a press conference.
The minister denied media reports which quoted her to have said at a senate committee hearing that the ministry was yet to get the first and second quarters’ budgetary release and that electricity generation capacity will hit 10, 000 megawatts by the end of 2013.
She said “…were not
 
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PHCN: Preferred bidders and current realities

Posted on 00:05 by Unknown
 
By CHARLES KUMOLU
THE journey to the current state of affairs in Nigeria’s energy sector, it was gathered, could be traced to the 2005 power sector reforms by President Olusegun Obasanjo. That reform, which came about through the enactment of Electric Power Sector Reform Bill, EPSRB, started the process of privatising PHCN.
In line with this reform, the FG would retain transmission arm of PHCN, which would be handed over to a credible firm under a five-year contract.
 
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Tuesday, 28 May 2013

PHCN fleece Nigerians of N3.41trn/yr on electricity bills

Posted on 02:12 by Unknown
 
BY MICHAEL EBOH
…Airports pay N130m, banks’ branches – N85,000 monthly…PHCN, conduit pipe for looting – customers
The Federal Government through the Power Holding Company of Nigeria, PHCN, is fleecing Nigerians of about N3.41 trillion ($19.6 billion) annually through outrageous electricity bills, which is not commensurate with the amount of power supplied to consumers.
According to investigations by Sweetcrude, PHCN collects about N1.04 trillion annually from households in Nigeria, N2.074 trillion annually from Micro Small and Medium scale Enterprises, MSMEs; N2.86 billion from the 22 federal airports across the country and N3.4 billion from banks and other large scale enterprises.
 
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Dagogo-Jack: Nigeria’s Electricity Challenges More of Internal Capacity Alignment

Posted on 02:07 by Unknown
 
Beks Dagogo-Jack

Chairman of the Presidential Task Force on Power (PTFP), Beks Dagogo-Jack, recently spoke to Chineme Okafor on challenges in Nigeria’s electricity industry, which had seen the supply fluctuate repeatedly. Excerpts:

The government said power generation averages 4,500mw, are we actually on 4,500MW?
No, we are not, but you can pick the exact figure from the control centre. We are not on 4,500mw and that doesn’t have to be a speculated data, it is a fact. The figure changes every day because it is a lot of dynamics that produce energy on-grid
Even when we got to 4500 megawatts, we didn’t stay there for a very long time, but we made history that at some points we reached boundaries that were thought impossible based on the deficiencies that were in our system. All we did was to get people to think differently, own up their small targets and this happened while the taskforce was reconstituted and whilst there was a sense that certain things have happened in the sector and there was going to be complete reversal of progress and there were even fears that the reforms were going to collapse.
 
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Controversy Shrouds FG’s Proposed Review of Electricity Act

Posted on 02:01 by Unknown

260513F.Chinedu-Nebo.jpg - 260513F.Chinedu-Nebo.jpg
Minister of Power, Prof Chinedu Nebo

Chineme Okafor

There is an indication that the federal government’s proposed review of provisions in Nigeria’s eight-year old Electric Power Sector Reform (EPSR) Act might have been initiated without the knowledge or input of the Minister of Power, Prof. Chinedu Nebo.
Minister of State for Power, Hajia Zainab Kuchi, disclosed recently that government was planning to review the policy document to fully reflect existing challenges and changes in the country’s power sector reforms route.
But presidency sources told THISDAY in Abuja that key government agencies and functionaries in the power sector were also not informed about the proposed review.
Kuchi announced the planned review exercise during an oversight visit to the ministry by the Senate Committee on Power and Steel led by its Chairman, Senator Philip Aduda.
 
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Monday, 27 May 2013

Power: NCP approves financial bidders for Kaduna, Afam

Posted on 22:41 by Unknown
ROTIMI FADEYIMay 28, 2013No Comments »
 
The National Council on Privatization (NCP) has approved seven firms to participate in the financial bid opening stage for the Kaduna Distribution Company (DISCO) while the council also endorsed four firms for Afam Generating Company (GENCO).
The Chairman of the Technical Committee of the council, Mr. Atedo Peterside while addressing Journalists after the fourth meeting of the council, stated that the firms were invited after the submission of the required post qualification security.
According to Peterside, the firms invited for the bid opening for the Kaduna Disco include Axis Power Distribution Limited; Nahco Consortium; Incar Power Limited; Aiteo Consortium; LEDA Consortium; Northwest Power Limited and Copperbelt Consortium.
 
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Sunday, 26 May 2013

Problem of power sector is corruption, not lack of funds – NERC boss

Posted on 22:48 by Unknown
Electric-power-plant
 
electrification agency
Oscarline Onwuemenyi
26 May 2013, Sweetcrude, ABUJA – The Chairman and Chief Executive Officer of the Nigerian Electricity Regulatory Commission, NERC, Mr. Sam Amadi has argued that the major challenge to the development of the nation’s electricity sector was not inadequate funding as has been bandied over the years, but corruption, inefficiency and greed of operators.
Amadi, who spoke in an interview with our correspondent in Abuja, stressed that more than 80 per cent of the challenge within the power sector was due to corruption.
He noted that it was fashionable among government officials to point fingers at poor funding as the challenge in the power sector, but wondered how judiciously they had applied funds that were made available in the past.
 
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FG won’t hand over power firms to buyers until full payment

Posted on 22:44 by Unknown
 
 
Federal Government said yesterday that it won’t handover the 15 Power Holding Company of Nigeria (PHCN) successor companies to their buyers without them completing the outstanding 75 percent payment of their respective bid considerations.
The Bureau of Public Enterprises (BPE)’s spokeman Chigbo Anichebe said in a statement the companies have not been handed over to the buyers as being said by people.
Anichebe said the National Council on Privatisation had only approved the constitution of Transition Committees for the 15 Power Holding Company of Nigeria (PHCN) successor companies whose preferred bidders have paid only 25 percent of the bid value.
 
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No secret takeover of electricity firms —BPE

Posted on 22:36 by Unknown
Head, Public Communications, Bureau of Public Enterprises, Mr. Chigbo Anichebe
 
The Federal Government has not secretly handed over 15 successor companies of the Power Holding Company of Nigeria to core investors, the Bureau of Public Enterprises has said.
Spokesman of the privatisation agency, Mr. Chigbo Anichebe, who said this in a statement made available to our correspondent on Sunday, also disclosed that the National Council on privatisation had approved the privatisation of the Abuja Securities and Commodities Exchange.
Anichebe said there was no truth in the report that the successor companies had been handed over to the core investors without the payment of the 75 per cent of the bid prices.
 
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PHCN Twitter account functioned only 24 hours in 2 years

Posted on 22:31 by Unknown
An illustration
 
The official Twitter handle of the Power Holding Company of Nigeria, Eko Distribution Zone, @PHCNEkoZone has only been active for 24 hours since it was created.
An investigation by our correspondent showed that the company’s Twitter account, which was opened on November 3, 2010, became dormant the day after.
Before then, the company had tweeted only one message announcing that it could be followed on Twitter. “We are now on Twitter,” it said.
Nothing has been posted on the handle, which boasts a following of about 73 people, ever since that time.
Another handle credited to the PHCN on the social service, @PHCNnigeria, which was opened on April 10, 2011, was active for two days. Afterwards, it became dormant.
 
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FG and delayed handover of GENCOs, DISCOs

Posted on 13:12 by Unknown
FG and delayed handover of GENCOs, DISCOs
 
Recent reports show that the final handing over of the privatised power generation and distribution companies, GENCOs and DISCOs, of the Power Holding Company of Nigeria, PHCN, billed for this month (May 2013) may not materialise after all. The delay in handing over the 15 successor power GENCOs and DISCOs to new power sector investors was blamed largely on unresolved labour-related matters dogging the privatisation process. Indeed, the terminal and severance benefits of PHCN workers have reportedly become a cog in the wheel of progress of power sector reforms. It does also appear, however, that the inconsistencies in government’s pronouncements on the matter spring fundamentally from the lack of political will by the President Goodluck Jonathan-led Federal Government to take an iron cast decision on the initiative and resolutely enforce same.
 
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Saturday, 25 May 2013

PPMs: Relief comes for Nigerians

Posted on 01:46 by Unknown
 
In two weeks time, it will be one year after the Multi-Year Tariff Order II electricity policy was introduced. That was June 1, 2012 when the Nigerian Electricity Regulatory Commission said customers won’t have to pay for prepaid meters anymore.
NERC, at that time, said the price of getting a meter had been factored into the increase in tariffs. Since then, however, the PPM scheme has suffered many policy summersaults, placing electricity customers at the receiving end of outrageous billing.
But if the information recently published on its website is anything to go by, then the stalemate on the procurement of pre-paid meters may soon be over.
NERC has said in a statement this week that it had ordered electricity distribution companies to start implementing the new scheme. Known as Credited Advance Payment for Metering Implementation, the scheme, which was introduced in March, allows customers to pay for PPM and get a refund in form of units of energy.
 
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Why investors are yet to pay 75% balance for PHCN

Posted on 01:03 by Unknown
Why investors are yet to pay 75% balance for PHCN
 
The preferred bidders who have made the initial 25 per cent payment for the purchase of the unbundled Power Holding Company of Nigeria (PHCN) are yet to pay the 75 per cent balance, which is obligatory before the handover that is scheduled for July ending, because of the pending labour issues, it was learnt yesterday.
According to an insider source at the Bureau of Public Enterprises (BPE), none of them (the investors) had paid the balance of 75 per cent.
The source also explained that even if the investors had paid the balance, the Federal Government would not hand over the entities to them until the labour issues are resolved.
 
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Thursday, 23 May 2013

NERC inaugurates working group on uniform account system

Posted on 23:12 by Unknown
 
As part of the process of developing a uniform accounting framework to facilitate the review and analysis of the licensees’ financial statements, the Nigerian Electricity Regulatory Commission (NERC) in collaboration with the Financial Reporting Council (formerly Nigerian Accounting Standards Board), agreed on the adaptation of the US Federal Energy Regulatory Commission (FERC) 2009 version of the Uniform System of Accounts (USOA). In a statement by the Assistant General Manager, Media, Maryam Abubakar, noted that the draft was discussed with industry participants at interactive workshops in Calabar and Kaduna respectively.
 
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New metering policy rekindles hope in indigenous manufacturers

Posted on 23:01 by Unknown
 
 
 
THE new wind of change ushered in by the privatisation process may have raised the hope of electric meter manufacturers in the country, who have had little share of the market in the recent years.

The Nigeria Electricity Regulatory Commission (NERC) recently announced the starting of a new metering scheme tagged Credit Advanced Payment for Meter Installation (CAPMI).

With the new regime, it is believed that the move would help to fast-track and find a lasting solution to the difficulties consumers encounter in the process of acquiring prepaid meters, as well as addressing the menace of over-billing.
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Finance Ministry releases N200 billion 2nd Quarter capital, pays N72.7B to power sector

Posted on 22:54 by Unknown
 
Nigeria’s Finance Ministry has released N200 billion capital for the second quarter of 2013, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, announced today.

“This,” said her Special Adviser, Paul C Nwabuikwu, “will ensure further progress in the execution of capital projects captured in Budget 2013.”

He disclosed that out of the N400 billion released as capital for first quarter 2013, of which N335 billion has been cash-backed, “of the cash-backed portion, 65% has been utilised so far.”

Nwabuikwu in a statement released in Abuja, the Nigerian capital, also disclosed that the ministry has paid a total of N72.7 billion to the Federal Ministry of Power so far this year to cover various items in line with the implementation of the Power Roadmap.
 
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FG TO Handover PHCN Companies To Private Owners In July

Posted on 22:50 by Unknown
 
The federal government has set the timeline for the handing over of the Power Holding Company of Nigeria (PHCN) successor companies for July ending.
Already the preferred bidders of the entities which includes 11 distribution companies (Discos) and six generation companies (Gencos), have all paid the 25 per cent bid price and would be required to make the balance 75 per cent payment before taking over the entities.
Speaking at a media briefing in Abuja yesterday, Minister of State for Power, Zainab Kuchi, assured that the handing over to the successor companies will definitely be by the end of July which she said was the projection of both the ...
 
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Investors to take over PHCN in July

Posted on 22:45 by Unknown
Investors to take over PHCN in July
 
• Govt releases MYTO funds
Winners of the successor firms unbundled from the Power Holding Company of Nigerian (PHCN) are to assume possession of the companies by July, the Minister of State for Power, Hajiya Zainab Kuchi, has said.
Hajiya Kuchi said the new date, which is in line with the Bureau of Public Enterprises’ (BPE’s) timeline for the privatisation of PHCN, was chosen to allow for the resolution of outstanding issues between PHCN staff and the Federal Government.
Kuchi, who spoke to reporters in Abuja, noted that the ministry had taken over the challenges and addressed them.
According to her, the fund for the workers’payment is available and the ministry that is computing the data would pay the workers in June.
 
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PHCN Privatisation: FG Envisages July Relinquishment of Assets to Bidders

Posted on 22:38 by Unknown
 
Minister of State for Power, Hajia Zainab Kuchi

Chineme Okafor

 The federal government has disclosed that it will hand over 15 of the successfully privatised successor companies heaved off the Power Holding Company of Nigeria (PHCN) to their winning investors by the end of July 2013.
It explained that the final relinquishment of the companies which has been delayed by the lingering issues relating to settlement of severance benefits of workers of the various companies of PHCN has been scheduled for July following its conclusion of negotiations with members of PHCN labour unions.
 
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Wednesday, 22 May 2013

‘Corruption, insecurity may hinder expected growth in privatisation of PHCN’

Posted on 23:58 by Unknown
 
NIGERIA'S infrastructure industry is expected to see yearly average real growth of seven per cent between 2013 and 2017 within its construction sector.
International watchdog - Business Monitor International (BMI), which made this disclosure in its second quarter 2013 infrastructure report released recently, attributed this expected growth to the on-going unbundling and privatization of the Power Holding Company of Nigeria (PHCN).
But, the report however highlighted the risks that may hamper the implementation of major projects, ranging from deep-rooted corruption; violence perpetrated by militant Islamists and retaliatory forces, and a vast yet still inefficient bureaucracy.

Read more on The Guardian

 
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Power generation to hit 10,000 mw by Dec – Minister

Posted on 23:49 by Unknown
 
The Federal government will be able to generate 10,000 mega watts of electricity by December this year, Minister of State for Power, Hajiya Zainab Kuchi, has said.
Speaking when she appeared before the Senate Committee on Power in Abuja, the minister revealed that N347 billion would be needed for the realization of the 10,000 mega watts.
Kuchi however, said that although, the process of privatization of the Power Holding Company of Nigeria (PHCN) has been completed, the generation and transmission companies given out because the ministry want to ensure that they are in good shape before handing them over to the successor companies, in addition to zero allocation for them in the 2013 ...
 
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Electricity: World Bank to assist Nigeria generate 2,000MW

Posted on 23:43 by Unknown
 
The World Bank has said it will help Nigeria to generate additional 2,000 megawatts of electricity in the next two years through support to independent power producers.
The Country Director for Nigeria, World Bank, Ms. Marie-Francoise Marie-Nelly, disclosed this in an interview with our correspondent on the sideline of the ongoing country performance reviews.
Marie-Nelly also said the bank, which is seeking approval for projects worth $1.5bn in the country, planned to rehabilitate four dams in the country to help boost agricultural production through irrigation.
 
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Power financing: Banks eager, await documentation outcome

Posted on 23:33 by Unknown

 


Monday Onuwabuagbe a small business owner who runs a photo studio in FESTAC town, a Lagos suburb, has heard of plans to reform the government-owned Power Holding Company of Nigeria (PHCN) by selling it off to core private sector investors.


Onuwabuagbe, who is in his late fifties, is optimistic that the reforms will put an end to the daily blackouts which cast a shadow on his otherwise, flashy snapshots.


He however says he is in the dark, about the current state of the reform process.

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Power Sector bedevilled By Weak, Old Infrastructure — Nebo

Posted on 23:17 by Unknown
POWER PLANT
 
The Minister of Power, Prof. Chinedu Nebo, says the power sector is bedevilled primarily by old and wreck infrastructure, which experience frequent break downs and result in power outage.
While acknowledging that that the road to the realisation of stable power in the country “is rough,” Nebo who noted that in the last two years, peak power supply has improved from about 2,000MW to over 4,000MW, however, said that the weak infrastructure continue to pose challenges.
The minister stated this in Abuja during an oversight visit by the Senate Committee on Power, led by Senator Phillip Aduda, Chairman of the committee.
 
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Tuesday, 21 May 2013

POWER SECTOR: STILL A CHALLENGE

Posted on 23:40 by Unknown
Despite the huge investment, there is no noticeable improvement in electricity supply

The Federal Government recently approved N592 billion to boost power transmission as part of efforts to achieve a target of 20,000 megawatts. This was made known by Vice President Namadi Sambo during a recent investment trip to Toronto, Canada. Unfortunately, this will not be the first time Nigerians would hear of such huge financial allocation to the power sector without any noticeable improvement in electricity supply. While there were expectations that the unbundling of the Power Holding Company of Nigeria (PHCN) along with its DISCOS (distribution companies) will translate into improved and increased power generation and efficient distribution in the country, darkness continues to reign even with higher tariffs...
 
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Minister Wants Extra Funding For Power Projects

Posted on 23:17 by Unknown
 
The Minister of Power, Prof. Chinedu Nebo, has expressed concern over the funding mechanism used to finance power projects
The Minister is calling for a special intervention fund for the power sector, besides budgetary allocations.
Prof. Nebo, in an interview with some journalists in Abuja, said unless something serious happens to ensure power projects are not stopped midway, the sector was at the risk of total collapse.
He argued that power projects are very sensitive and abandoning them would lead to the failure of the whole process and meant a return to square one.
He said: “When Power Ministry begins a project, that project remains uncompleted until it is completed. So if you cut off the fund midway or two third way or three quarter way, they remain like that.”
The Minister said the federal government should consider sensitive projects as those of power when preparing budgets and disbursing funds to ministries.
 
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$500m AfDB loan: FG commences withdrawal, sets up c’ttee

Posted on 23:13 by Unknown
 
By NOEL ONOJA
The federal government has activated and commenced access to a $500 million African Development Bank (AfDB) loan with the setting up of a monitoring and evaluation (M&E) committee in Abuja. The loan aimed solely as intervention for the power sector is to be released in tranches of $100 million. The setting up of the committee is one of the pre-conditions for drawing on the loan.
According to a statement released by government, The Transmission Company of Nigeria (TCN), one of the successor companies of the now unbundled Power Holding Company of Nigeria (PHCN) charged with the responsibility of evacuating and transmitting generated power, has been asked to access the funds as it works towards bridging the enormous gap in the sub-sector.
It will be recalled that minister of power Chinedu Nebo has said that about $3.4 billion is needed to help upgrade the transmission network to the standard that it would evacuate the expected generation capacity coming on stream.

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Minister Wants Extra Funding For Power Projects

Posted on 23:02 by Unknown

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Monday, 20 May 2013

Containing the PHCN leviathan

Posted on 23:50 by Unknown
Lekan Sote
 
Which do you pay to the Power (wit)Holding Company of Nigeria? Is it the amount you charged to your prepaid meter, the outcome of actual reading of your postpaid meter, or the estimate arbitrarily apportioned to you by the PHCN because you have no prepaid or postpaid meter? In other words, do you subscribe to, or pay a rate or a levy to the PHCN?
In yet another danfo (Kombi) bus ride in the Lagos Metropolis, talk gravitated to the billing regime of the PHCN. It was late in the evening. The inner light of the bus kept flickering off and on, and someone had difficulties ascertaining the exact denomination of the naira note that he was pulling out of his pocket. He didn’t want to overpay the bus conductor. He then asked, in derision, “Oga Driver. Why the light for your bus no dey light well, well?” He stirred the hornet’s nest. The driver retorted, “Sebi you no kuku get light for your house.” Everyone laughed. Thereafter, a playful banter ensued between the team of the ebullient driver and the conductor on the one hand, and the passengers on the other hand. A man asserted that the “crazy bill” was a ploy by the PHCN staff to extort money from the public. People wanted to know how, so he gave the following explanation:
 
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Skye Bank to invest $150m in power sector

Posted on 23:47 by Unknown
Mr. Kehinde Durosinmi-Etti
 
Skye Bank Plc has announced its plans to invest up to $150m in the power sector before the end of this year.
The Group Managing Director, Skye Bank, Mr. Kehinde Durosinmi-Etti, said that about 17 per cent of its loan portfolio would also be in the upstream oil and gas sector.
Speaking at the company’s pre-Annual General Meeting in Lagos on Monday, Durosinmi-Etti also said the bank might also be involved in buying some banks put up for sale, adding that if any of them was worth buying, Skye Bank might consider it.
He said the bank would be raising additional capital of up to N50bn before the end of the year, explaining that the funds would be used to boost its business and improve its capital base.
 
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NERC commences N50,000 pre-paid meter scheme

Posted on 23:44 by Unknown
By KUNLE KALEJAYE
The Nigeria Electricity Regulatory Commission, NERC has commenced the N50, 000 new pre-paid meter scheme, under the Credited Advance Payment for Metering Implementation (CAPMI).
The NERC in a statement made available to Vanguard also mandated Electricity Distribution Companies, (DISCOs) across the country to commence full implementation of the scheme.
According to Dr. Sam Amadi, Chairman, NERC, CAPMI provides a platform for willing customers to pay the cost of the meter into a dedicated account jointly managed by the DISCO and meter Vendor/Installer, adding that once payment has been effected, the customer will have their meter installed within 45 days, by an accredited Vendor/Installer.
 
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PHCN high tension cable kills two in Edo

Posted on 23:28 by Unknown
Written by Vincent Egunyanga, Benin
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Tragedy struck yesterday in Igbanke area of Orhionmwon local government area in Edo State when two persons were electrocuted and died on PHCN high tension cables.
One of the victims simply identified as Ibrahim Traore was electrocuted over alleged indiscriminate restoration of high voltage power by men of the Power Holding Company of Nigeria (PHCN). Traore, the first victim, an ice cream vendor, was said to have met his death on Thursday while trying to open the door to his apartment situated at Ake-Igbanke.
 
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PHCN blames transmission station fire on defective transformers

Posted on 23:20 by Unknown
By KUNLE KALEJAYE
The management of PHCN Ikeja Electricity Distribution Company has said that the fire incidence that occurred at the Ikeja West Transmission station was as a result of some defective transmission transformers.
Mr. Chris Akamnonu, the Chief Executive Officer of the zone made the clarification at the weekend during the media briefing in Lagos.
It will be recalled that on Tuesday, May 14 at about 11 am, fire gutted a power transmission station based in Ipaja, a Lagos suburb, causing fears of likely blackout in Ikeja and its environs.
 
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Jebba community cries out over pollution of water by PHCN

Posted on 23:14 by Unknown
RESIDENTS of Ipata community, Jebba in Moro Local Government Area of Kwara State have complained of pollution of their source of drinking water from chemical released from the Jebba Dam Site by the Power Holding Company of Nigeria (PHCN.)
The people said that they did not have good drinkable water from the river where thay got their source of water supply as a result of chemical released to the river from the Jebba Dam by the PHCN.
Speaking with Community News, a member of the community, Mr Musa Danlaji said that “the people in the community don’t have safe water to drink because the river from which we get our water supply used to be polluted by chemical released from the Jebba Hydro electric dam whenever the machines were serviced.
 
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PHCN assures customers of stable power supply…seeks alternative funding

Posted on 22:56 by Unknown
 
THE Federal Government has reiterated its commitment to provide stable power supply to Nigerians as a result of an increase in power generation from the Power Holding Company of Nigeria (PHCN).
The Chief Executive Officer, Ikeja Electricity Distribution Company, Engr Okaa Chris Akamnonu, who conveyed this message, told journalists on Friday in Lagos that the PHCN would not relent until Nigerians enjoy stable power supply.
 
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Blog Archive

  • ▼  2013 (500)
    • ►  August (49)
    • ►  July (109)
    • ►  June (126)
    • ▼  May (153)
      • Nigeria’s power sector still stutters
      • We’ve boosted electricity with N1.3b, says Dickson
      • South Korea to invest $30bn in Nigeria’s power sector
      • 4,000 megawatts & more! Here is the full list of F...
      • Will the power minister deliver the goods?
      • Govt inaugurates committee on coal-to-power genera...
      • Tackling the challenge of unsteady power supply
      • Chinese Companies to Build Hydro-Power Plants for ...
      • Electricity: ‘Nigeria can attain10,000mw by year end’
      • PHCN attributes high bills to faulty meters
      • FG Approves $1.7bn Counterpart Fund For Power Sector
      • Our children’ll not remember generator again — Jon...
      • Unending ripples over unbundling of PHCN
      • FG deploys MYTO fund to fix electricity companies
      • PHCN: Preferred bidders and current realities
      • PHCN fleece Nigerians of N3.41trn/yr on electricit...
      • Dagogo-Jack: Nigeria’s Electricity Challenges More...
      • Controversy Shrouds FG’s Proposed Review of Electr...
      • Power: NCP approves financial bidders for Kaduna, ...
      • Problem of power sector is corruption, not lack of...
      • FG won’t hand over power firms to buyers until ful...
      • No secret takeover of electricity firms —BPE
      • PHCN Twitter account functioned only 24 hours in 2...
      • FG and delayed handover of GENCOs, DISCOs
      • PPMs: Relief comes for Nigerians
      • Why investors are yet to pay 75% balance for PHCN
      • NERC inaugurates working group on uniform account ...
      • New metering policy rekindles hope in indigenous m...
      • Finance Ministry releases N200 billion 2nd Quarter...
      • FG TO Handover PHCN Companies To Private Owners In...
      • Investors to take over PHCN in July
      • PHCN Privatisation: FG Envisages July Relinquishme...
      • ‘Corruption, insecurity may hinder expected growth...
      • Power generation to hit 10,000 mw by Dec – Minister
      • Electricity: World Bank to assist Nigeria generate...
      • Power financing: Banks eager, await documentation ...
      • Power Sector bedevilled By Weak, Old Infrastructur...
      • POWER SECTOR: STILL A CHALLENGE
      • Minister Wants Extra Funding For Power Projects
      • $500m AfDB loan: FG commences withdrawal, sets up ...
      • Minister Wants Extra Funding For Power Projects
      • Containing the PHCN leviathan
      • Skye Bank to invest $150m in power sector
      • NERC commences N50,000 pre-paid meter scheme
      • PHCN high tension cable kills two in Edo
      • PHCN blames transmission station fire on defective...
      • Jebba community cries out over pollution of water ...
      • PHCN assures customers of stable power supply…seek...
      • PHCN is ‘billing’ us to death ...It is not true - ...
      • PHCN customers divided over prepaid, analog meters
      • Prepaid meters, a better alternative to analog ones
      • Electricity: NERC Grants Consumers Leverage on Act...
      • Power Sector Earned N189bn in 2012
      • Fire Incident: PHCN Embarks on Network Rearrangement
      • NERC holds consultation on metering code
      • Electricity meter to cost more - NERC
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      • NERC pegs electricity meters costs at N25, 000 to ...
      • NERC Rolls Out New Electricity Metering Scheme
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      • NERC: What manner of regulation?
      • Fire guts Ipaja power transmission station
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