FG to generate $25b from proposed economic labs in 2018
The Federal Government plans to generate about $25 billion in foreign and domestic investments from the launch of its economic “Focused Laboratories” next month.
Terminal operators waive N1.5b charges on stranded power equipment containers at port
Container terminal operators in Nigeria have waived a princely sum of N1.5 billion on more than 500 stranded power equipment containers belonging to the Transmission Company of Nigeria (TCN).
TCN’s power transmission capacity hits 7000mw, says Fashola
Minister of Power, Works and Housing, Babatunde Fashola yesterday said that the Transmission Company of Nigeria (TCN) had improved its capacity to transmit electricity from 5,000mw to 7,000mw.
Reps panel, Fashola disagree over $1.5bn loan, German consultant
House of Representatives committee on power yesterday disagreed with the minister of Power, Works and Housing, Babatunde Fashola over the $1.5 billion loan it obtained for electricity distribution in the country.The loan was obtained on behalf of the Transmission Company of Nigeria (TCN).
Fashola faults Reps over moves to fund FERMA from consolidated revenue fund
Minister of Power, Works and Housing, Babatunde Fashola, yesterday faulted on-going moves to set aside one per cent of the consolidated revenue fund to the Federal Road Maintenance Agency (FERMA) to repair roads in the country.
FG gives DisCos investment work plan for unutilised power
The Federal Government said it will present to electricity Distribution Companies (DisCos) with investments work plan to build 33/11/0.415kV lines and distribution substations to utilise the 2,000 megawatts (MW) generated but currently unutilised.
Return of the toll gates
Before the Senate Committee on the Federal Emergency Roads Maintenance Agency, FERMA, the minister responsible for-federal-roads, Babatunde Fashola announced
GenCos back Fashola on declaration of eligible customers
The electricity Power Generation Companies (GenCos) have given their support to the Minister of Power, Works and Housing, Babatunde Fashola, for the declaration of eligible customers in the Nigeria Electricity Supply Industry (NESI).
BEDC commissions Asaba substation to boost supply
In efforts to improve customer service, Benin Electricity Distribution (BEDC) Plc, has announced the successful completion and commissioning of a new 2X15MVA 33/11Kv Injection substation, at Asaba mains, Ibusa area of Delta State.