Nigeria seeks $2b China loan for super grid to end blackout crisis

The Nigerian government is reportedly in discussions with China’s Export-Import Bank for a $2 billion loan to construct a new “super grid” aimed at resolving the country’s persistent electricity challenges. Minister of Power, Adebayo Adelabu, said on Monday that the new transmission line would serve both the eastern and western regions of Nigeria, where many…

Read More

House Committee Commends NDPHC for High Safety Standards at Calabar Power Plant

The House of Representatives Committee on Safety Standards and Regulations has commended the Niger Delta Power Holding Company (NDPHC) for upholding high safety standards at the Calabar Power Plant in Odukpani, Cross River State. In a statement, the Head, Corporate Communications & External Relations of NDPHC, Emmanuel Ojor, said the Committee gave the commendation after…

Read More

W’Bank, IAEA to Support Safe, Secure, Use of Nuclear Energy in Developing Countries.

The World Bank Group and the International Atomic Energy Agency (IAEA), Thursday sealed an agreement to partner in supporting the safe, secure and responsible use of nuclear energy in developing countries. The partnership agreement, signed by the World Bank Group President, Ajay Banga and IAEA Director General, Rafael Mariano Grossi, finally formalised multiple engagements between…

Read More

REA, FCMB Unveil N100bn Renewal Energy Financing Deal

The Rural Electrification Agency (REA) and First City Monument Bank (FCMB) have entered into a strategic collaboration to provide a ₦100 billion Naira loan facility targeted at accelerating private sector-led deployment of renewable energy solutions across the country. The agreement supports the implementation of the Distributed Access through Renewable Energy Scale-Up (DARES) initiative and will…

Read More

Fed Govt to intervene in gas-to-power tariff challenges

The Federal Government is considering strategic interventions to address power tariff challenges affecting gas supply and payment structures at key Nigerian National Petroleum Company Limited ( NNPCL)-led thermal power plants. A high-level meeting was held at NNPC Towers in Abuja between the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo; the Minister of Finance…

Read More

TCN inaugurates Seven-Man Committee to enhance Operational Efficiency

The Transmission Company of Nigeria (TCN) has inaugurated its newly constituted seven-member Performance Improvement Plan/Power Sector Recovery Operation (PIP/PSRO) Committee. The Performance Improvement Plan/Power Sector Recovery Operation(PIP/PSRO) programme is an Order and a critical component designed by the Nigerian Electricity Regulatory Commission (NERC) to enhance the operational efficiency and financial sustainability of the power sector,…

Read More

Lagos State Government issues Guidelines for its Electricity Market Operations

The Lagos State Electricity Regulatory Commission (LASERC) has formally issued Order No. LASERC ORDER/001/2025 establishing the regulatory framework for electricity market operations within Lagos State. This milestone Order marks the official conclusion of the transition period for the transfer of regulatory oversight from the Nigerian Electricity Regulatory Commission to LASERC, as stipulated in the Electricity…

Read More