Enugu Electricity Distribution Company (EEDC) has said implementing the Band A customers tariff that was reduced from N209.50/kWh to N160.40/kWh, will cause N1 billion losses monthly. This was contained in a public announcement, Mainpower Electricity Distribution Limited (MEDL) management issued yesterday. “EEDC concluded that implementing it would result in a monthly loss of over N1…
The African Development Bank (AfDB) has committed $1.2million grant to kick start the Nigeria Battery Energy Storage System Feasibility Study. Its Country Office Director-General, Dr Abdul Kamara disclosed this during the inaugural/inception workshop of the feasibility study in Abuja. Represented by the Chief Engineer, AfDB Nigeria Country Office, Engr. Chigoziri Egeruoh, Director-General said: “This is…
With the commissioning of the new 330/132/33kV Bauchi Transmission Substation in Bauchi town, the Transmission Company of Nigeria (TCN) has added 240Mw to The Nation grid. Its GM, Public Affairs, Ndidi Mbah disclosed this in a press statement yesterday. She said, “The Transmission Company of Nigeria (TCN) has successfully commissioned a new 330/132/33kV Bauchi Transmission…
The Nassarawa State Governor, Abdullahi Sule yesterday granted a special tax holiday for Renewable Energy Service Companies (RESCOs) developing mini-grids. He anchored the tax waiver on the benefits accruable to the communities from the investment. “There is a special tax holiday for renewable energy because it is a win-win situation for you and our communities…
Nigeria has ratified and adopted a road map for the Nigerian Electricity Supply Industry (NESI) by approving the National Integrated Electricity Policy( NIEP). The policy which had been ready since December 2024 and submitted to President Bola Ahmed Tinubu was ratified on Monday at the weekly Federal Executive Council (FEC) meeting. The policy is a…
An indigenous solar panel manufacturing company, LPV Technologies and the Rural Electrification Agency (REA) have partnered to halt capital flight occasioned by the importation of solar panels. Managing Director, REA, Engr. Abba Aliyu, who spoke during a facility tour of the company’s state-of-the-art solar panel production plant in Lagos, described LPV Technologies as one of…
The Rural Electrification Agency (REA), in partnership with the Lagos State government, is set to launch Nigeria’s first floating solar power plant, a landmark project to bridge the energy gap in the state. Unveiled during the Lagos Energy Summit, the initiative is part of a broader collaboration with the REA, culminating in the signing of…
Nigeria’s Power Generation Companies (GenCos) has threatened shutdown of operations due Federal Government’s failure to settle over N4 trillion invoices. This was contained in a press statement the GenCos Board of Trustees (BoT), Chairman, Col Sani Bello (rtd) issued in Abuja. The statement said the GenCos are constrained to issue the press release to “draw…
An indigenous solar energy company, LPV Technologies, has called for a radical shift in government policy with a call for a zero-import approach to solar panels, arguing that only through local manufacturing can Nigeria truly secure its renewable energy future. Speaking at a press briefing at its newly inaugurated facility in Lagos at the weekend,…
