Russian companies are involved in 30 new power projects in Nigeria and 15 other African countries. The projects are expected to generate about 3.7 gigawatts of electricity. President Vladimir Putin of Russia made the disclosure at the Russia-Africa Summit and Russia-Africa Economic and Humanitarian Forum holding in St. Petersburg, Russia. He listed some of the power projects currently underway in …

The Senate has asked the Federal Government to, as a matter of urgency, intervene and halt the proposed increase in electricity tariff by the 11 Distribution Companies (Discos). It also stressed the need to allow ordinary Nigerians to breathe, insisting that anything that would bring untold hardship to the citizens would be rejected in all its ramifications. The upper legislative …

Glamour, sportsmanship and camaraderie came to bear at finals of the fifth edition of Saharalympics Games, which saw the emergence of Egbin Power Plc as champion of the sport competition, organised among all entities of the energy conglomerate, Sahara Group. It was a victorious moment for the generating company (GenCo) as it emerged champion for the second time in a …

Ondo State Government has hailed Niger Delta Development Commission (NDDC) for completing the 132/33kv electricity sub-station at Ode-Erinje in Okitipupa Local Government. During the courtesy visit of NDDC’s Managing Director, Dr. Samuel Ogbuku and the commission’s management to Government House in Akure on Monday, the state’s Acting Governor, Hon. Lucky Aiyedatiwa expressed delight that the sub-station, which would provide electricity …

Electricity Distribution Companies (DisCos) have set November 2024 for electricity consumers to upgrade their meters. While mixed reactions have trailed the initiative, the DisCos have however maintained a deafening silence on the matter. Under the meter upgrade plan, called the Standard Transfer Specification (STS), a metering code to be introduced soon, will have to be generated by a consumer. The …

Electricity consumers in Akwa Ibom State have kicked against further increases in electricity tariff by Distribution Companies (DisCos) saying that Nigerians could no longer afford further pressure on an already stifling economy. This was the outcome of a meeting put together by the Cordinator, Human Rights Community, Clifford Thomas, and Chairman, of Akwa Electricity Consumers Forum, One Udoh,  in Uyo, …

The Oodua People’s Congress (OPC) has raised the alarm over a plan to further increase electricity tariff by the Distribution Companies (DisCos). It described the move as anti-people, oppressive, unjustified and aimed at discrediting President Bola Ahmed Tinubu’s administration. In a statement by its General Secretary, Comrade Bunmi Fasehun, OPC President, Otunba Wasiu Afolabi noted that the move had similarly …

President Bola Tinubu, on Wednesday, backed the implementation of a $5bn Floating Liquefied Natural Gas (LNG) project in the country. The President gave the backing when he received a group of joint venture partners made up of UTM FLNG, TECHNIP Energies and JGC Corporation in his office, alongside Ambassadors of France and Japan to Nigeria. Addressing State House correspondents after …

The World Bank has expressed its support for the Federal Government’s decision to remove subsidies and unify the country’s exchange rate. This follows President Bola Tinubu’s recent speech advocating for these measures. During an event organised by the World Bank to assess Nigeria’s economy over the past six months on Tuesday, Country Director, Dr. Subham Chadhuri emphasised that although the …

Egbin Power Plc, Nigeria’s leading electricity generation company, has announced a record-breaking 1,000 megawatts (MW) power generation, a feat representing a new peak in a two-year record. The company’s Chief Executive Officer, Mokhtar Bounour disclosed that the record-breaking result was made possible through the support and cooperation of industry operators and stakeholders. He also commended the employees for their commitment …