Indian Energy Firm Partners Nigeria’s Power Sector For Continuous And Reliable Supply

Feedback Energy Distribution Company (FEDCO), an Indian-based technology firm, says it has launched an indigenous high-tech Information Technology (IT) solutions system in Nigeria. Dilip Kumar, its Chief Projects Officer, announced the company’s entry into the nation’s power sector in a statement. He said that FEDCO had partnered the Port Harcourt Electricity Distribution

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FG Completes Concession Plan For N6.6bn Gurara Hydropower Plant

The Federal Government has completed the concession Plan required for the handing over of the N6.68bn Gurara Hydropower Plant to a concessionaire. It said the 30-megawatts power plant located in Kaduna, would contribute to addressing the gap in electricity supply across the country, particularly in the North-West states of Nigeria. The Minister

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Alleged N2 Billion Fraud Weakened Investor Confidence In The Power Sector– NERC

The Nigerian Electricity Regulatory Commission has said the allegation of fraudulent payments to two power plants levelled against the Nigerian Bulk Electricity Trading Plc has weakened investor confidence in the power sector. The government-owned NBET buys electricity in bulk from Gencos through Power Purchase Agreements and sells through vesting contracts to

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Govt Interference, Inefficiency, Inaccurate Data Threaten Power Supply — GENCOs

THE Electricity Generation Companies, GENCOs, have identified inaccurate data, government interference, and inefficiency as major factors, currently affecting power supply in the country. In a report, the GENCOs explained that the power sector is in dire need of total overhauling. It stated: “From research, developed nations differ from underdeveloped (third world)

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