Tag: #NigeriaPower
-
GRID POWER SLUMPS: BEDC WARNS OF REVENUE HIT AS SUPPLY DROPS
Nigeria’s fragile power supply is taking a toll on electricity distributors. The Benin Electricity Distribution Company (BEDC) says the sharp drop in electricity generation from the national grid now around 3,940 megawatts is hurting its operations, reducing customer satisfaction, and slashing revenue. Speaking in Benin, BEDC’s Chief Commercial Officer, Ogunleye Akinleye, said the low generation…
-
BEDC ALERT: DAILY 9-HOUR POWER OUTAGES TO HIT BENIN FOR OVER A MONTH
Planned maintenance on major transmission line will disrupt electricity across key communities starting Feb. 27. Benin Electricity Distribution Company (BEDC) has warned that residents and businesses in parts of Benin City will face daily electricity outages from 8 a.m. to 5 p.m. for more than a month. The outages, running from Feb. 27 to Mar.…
-
REA, LOTUS BANK SEAL N100BN DEAL TO POWER RURAL NIGERIA WITH RENEWABLE ENERGY
Thousands of rural communities without electricity may soon see the lights come on as REA and Lotus Bank roll out a massive N100 billion financing plan to boost clean energy access. The Rural Electrification Agency (REA) has signed a landmark agreement with Lotus Bank to unlock N100 billion in financing aimed at expanding renewable energy…
-
POWER SECTOR PUSH: BPE, DISCOS TEAM UP TO CLOSE METERING GAP
With 5.6 million Nigerians still unmetered, power regulators and distributors are tightening collaboration to deliver free meters nationwide. The Bureau of Public Enterprises (BPE) and Nigeria’s 11 Electricity Distribution Companies (DISCOs) have stepped up talks to fast-track the rollout of free electricity meters, as the country battles a metering gap estimated at 5.66 million. Speaking…
-
MINISTER PRAISES TINUBU FOR COMPLETING MAIDUGURI EMERGENCY POWER PLANT
Maiduguri’s power outage days are near over! Minister of Information Mohammed Idris hails President Tinubu for finishing the city’s vital gas power plant that promises nearly nonstop electricity. During a tour of federal and state projects in Maiduguri, Minister Idris recalled how insurgency once wiped out power in Borno state. He praised former President Muhammadu…
-
NIGERIA POWER SECTOR EXPERTS APPLAUD NEW ELECTRICITY ACT
The Electricity Act promises more power, private investment, and state empowerment. Nigeria’s 65th Independence Day also marks a turning point in the power sector, as stakeholders celebrate the transformative Electricity Act. The Act liberalizes power generation and distribution, empowering states to regulate electricity and encouraging private sector growth, boosting stability and affordability. Industry leaders commend…
-
AEDC REPORTS NATIONAL GRID COLLAPSE CAUSING POWER OUTAGE
Nationwide blackout hits AEDC areas after grid failure; restoration efforts underway. The Abuja Electricity Distribution Company (AEDC) announced a collapse of the national grid at 11:23 a.m. on Wednesday, causing widespread power outages across its franchise areas. AEDC is coordinating with stakeholders to restore power as soon as the grid stabilizes, urging customers for patience…
