NERC, in its latest quarterly report released this week, explained that these companies opted for self-generation licenses exceeding 1MW capacity exclusively for internal use, reflecting escalating frustration with grid unreliability. “Captive power plants above 1MW require NERC permits to ensure they operate solely for the license holder’s consumption without selling to third parties,” the regulator…
Transgrid Enerco Limited has completed the acquisition of a 60 percent controlling interest in Eko Electricity Distribution Company (Eko DisCo) in a transaction valued at about N360 billion. The transaction, which was initially expected to close by April 2025, was finalised on December 30, making it one of the largest privately negotiated takeovers in Nigeria’s…
Geregu Power Plc said its ultimate ownership has changed following a restructuring at its majority shareholder, marking the exit of billionaire investor Femi Otedola from the company’s control and triggering a sweeping overhaul of its board. The Nigerian power producer said MA’AM Energy Ltd has acquired a 95 percent stake in Amperion Power Distribution Company…
Electricity distribution companies have commenced the distribution of prepaid meters at no cost to their customers, although it was gathered that the meters are largely for Band A and some Band B customers. This is coming a few weeks after the Chairman of the Nigerian Electricity Regulatory Commission, Musiliu Oseni, accused the DisCos of refusing…
The Federal Government has signed a Memorandum of Understanding (MoU) with Chinese infrastructure and Internet of Things (IoT) solutions provider, You Jie Te Environment Technology Ltd (YJT), to localise the manufacturing and assembly of Compressed Natural Gas (CNG) and electric vehicle (EV) infrastructure in Nigeria. The agreement was executed through the Presidential Initiative on Compressed…
The Federal Competition and Consumer Protection Commission, FCCPC, has lifted the seal placed on the headquarters of Ikeja Electric Plc after the power firm agreed to comply with regulatory directives over consumer rights violations. The Commission, in a statement issued on Friday and signed by its Director of Corporate Affairs, Ondaje Ijagwu, stated that the…
The Federal Competition and Consumer Protection Commission has sealed the corporate headquarters of Ikeja Electric for allegedly leaving 19 residential units without electricity for about 30 months. The commission disclosed in a statement on Thursday that this occurred despite the complainant, who owns the 19 units, paying all charges requested by Ikeja Electric and fulfilling…
The Niger Delta Power Holding Company (NDPHC) has successfully restored additional 450MW of generation capacity to the national grid following the completion of scheduled maintenance on the Geregu NIPP plant. A statement by Emmanuel Ojor, Head Corporate Communications and External Relations saysthe four-week extended minor inspection, undertaken by Siemens Energy, was executed to enhance the…
The Federal Government has inaugurated a 1.5-megawatt solar hybrid mini-grid at the National Orthopaedic Hospital, Dala, Kano, to boost reliable and affordable electricity supply for medical services. The Rural Electrification Agency’s Managing Director, Abba Abubakar-Aliyu, disclosed this on Thursday during the groundbreaking ceremony in Kano. The event also featured the presentation of a 1.5-Tesla Magnetic…
The Federal Government is projecting nearly $1bn (about N1.49tn) in annual revenue from electricity exports to 15 West African Countries under the Economic Community of West African States sub-region from June 2026. The earnings are based on what a full 600 megawatts export capacity is capable of generating at the prevailing regional tariff, as Nigeria…
