Nebo-No Rise in Electricity Tariff

Prof. Chinedu Nebo, Minister of power speaking at the Power Nigeria 2014 in Lagos recently has ruled out any raise in electricity tariff until power supply increases. He also said that efforts were being made to curb estimated billing in the Nigerian electricity supply industry.
 “We don’t want to see any increase in tariff until power generation and distribution increase, because people want to see electricity. We are talking of megawatts; the person in the village doesn’t care about megawatts. What he or she cares about is electricity,” he reported.

Mobil, Tenoil Petroleum Begin Ata Field Drilling

Tenoil Petroleum and Energy Services, a subsidiary of Heirs Holdings, has declared that it has reached an agreement with Mobil Producing Nigeria Unlimited, an ExxonMobil subsidiary, for the drilling of an appraisal well on the Ata Field.
The Ata Field which was discovered in 1964 by MPN, the operator of its joint venture with the Nigerian National Petroleum Corporation, and is situated in block OML68, which borders Tenoil’s block OPL 2008. Both blocks are located offshore of the eastern Niger Delta in a shallow water.

NERC - Discos can’t increase tariff to repay N213bn

Power distribution companies will not be allowed to increase electricity tariff as they work to repay the Central Bank of Nigeria’s N213bn facility allocated to operators in the power sector.

The Federal Government recently announced a N213bn facility to assist operators in the sector offset the huge legacy gas debts and amend their revenue shortfall in order to improve investment in the industry.

The Chairman, NERC, Dr. Sam Amadi, said the regulator was never focused on increasing tariff.

Gas Deficiency Makes Independent Power Plants Inactive

Due to the recent privatisation of the power sector, opportunities  has extended in the whole value chain of the Nigerian electricity supply industry, the festering challenges of fragile transmission network and gas supply are pulling the plug on several Independent Power Projects.
With the national generation capacity of 8,644 megawatts, the actual current generation is less than 3,849MW. The country was able to achieve an all-time peak generation of 4,517.6MW in December 2012.

Oil Exploration to Commence in Lagos by 2015

The Chairman, Committee on Energy, Mineral Resources and Waterfront Infrastructure, Hon. Lanre Ogunyemi, revealed that the Lagos State is likely to commence oil and gas exploration by next year, following the large deposit of oil found in some parts of the state which are Epe, Ibeju-Lekki and the Badagry axis. He revealed this in Lagos, explained that the state House of Assembly has enacted an enabling law to that effect.

FG; N200bn Set Aside for Power Sector Liabilities

The Chairman, Presidential Task Force on Power, Mr. Reynolds Dagogo-Jack, disclosed that the Federal Government has set aside N200bn for the payment of outstanding market liabilities and financial obligations in the power sector.

Mr. Dagogo-Jack made the statement in Uyo, Akwa Ibom State, on Friday, July 5, while on an inspection tour of power projects in the state as well as Cross River State. He said the fund was an intervention fund set aside by the Federal Government to settle market liabilities.

FG Opens TCN to Private Investors

The Federal Government announced that it had opened up the transmission arm of the power sector to private investors. The Transmission Company of Nigeria runs the power transmission arm which is being managed by Manitoba Hydro International, a Canadian firm with expertise in the management of power properties.

First 13mw Implanted Power Generation Plant Set for Commissioning

 According to sources close to the project, the first embedded power plant in the country which is built to generate 13.2 megawatts (MW) of electricity will be commissioned within the next two weeks. This is in accordance on the heels of the recent efforts put in place by the Nigerian Electricity Regulatory Commission (NERC) to ensure that the gaps in power supply in the country are bridged through embedded power generation.

Grid Instability Affects Power Supply in Egbin, Kainji and Other Power Plants

The Transmission Company of Nigeria disclosed that as a result of grid instability, the power generation in the country has dropped from 3,337 MegaWatts to 2,932MW in a space of five days.

The power plants affected by the instability included the Egbin gas power station, Kainji hydro power plant and Afam IV-V gas power plants.

The report stated that Egbin, Kainji and Afam IV-V are currently generating 402MW, 55MW and 0MW, respectively compared to 497MW, 92MW and 59MW, the plants were generating respectively five days ago.