OpeOluwani Akintayo Lagos — The Niger Delta Power Holding Company says an additional 126 megawatts of electricity will be added to…
Browsing: Niger Delta Power Holding Company
OpeOluwani Akintayo Lagos — The circumstance and identities of those that led the indigenous gas producer and supplier Seven Energy…
*To focus on expansion, repair & upgrade of all critical transmission/ distribution infrastructure 05 July 2018, Sweetcrude, Lagos, Nigeria — GE…
“The government came up with the N701 billion intervention early last year to ensure that at least, we are able to pay for our gas because with 30 per cent, it could not have been able to pay the gas supply and then maintain our power plant.”
He said, “Nigerians are in the best position to assess the power situation and not the figure being released by government officials. Let’s hope that the 100 per cent of the (NIPP projects) will be completed and all of them will be feeding power into our homes. Maybe we will see the change.”
Ugbo said that the two 7.5 MVA power transformers at the station would inject 13 megawatts of electricity to the existing supply to Lafia and environs.
Ugbo said, “We are still negotiating with the buyers. The privatization challenges such as liquidity problems, inadequate gas supply, as well as microeconomic issues, had a significant impact on the privatization process since the emergence of the bidders on March 7, 2014. But we are negotiating with them.”
Oscarline Onwuemenyi 10 November 2017, Sweetcrude, Abuja – The Ministry of Power, Works and Housing has announced that four of…
“This privatisation process started in 2012 and moved to 2013 with the emergence of the preferred bidders. At that time it was a mix of market issues and internal issues that had to do with gas supply, completion of the power plants and evacuation.
“The suppliers need a little profit, the consumers must also agree with suppliers. Government, as regulator, should also be there to regulate the duo. They have to source for the service they are giving consumers, so we should reach compromise and not fight over tariff,” he said.
