Power Sector And Other Related News Stories For Thursday May 9th 2024

Posted by News Room May 9, 2024

Tariff Hike Attracting Investors To Power Sector, Says Adelabu

Amid calls for the reversal of the Band A tariff hike, the Minister of Power, Adebayo Adelabu, has stated that the policy is attracting local and foreign investors to the power sector.

The minister disclosed this recently when he launched a mobile substation in the Ajah area of Lagos State.



Is Nigeria’s Domestic Energy Crisis Impacting Regional Power Supply?

In 2001, a 70-kilometer (43 mi) long 330 kV powerline was built between Sakété, Benin Republic and Ikeja, Nigeria. It was a CEB–NEPA Power Interconnection that connected Nigeria’s power grid (NEPA) with Benin’s grid.



The Nation’s Worsening Power Supply

The federal government’s plan to increase power generation from 4,000mw to about 6,000mw in the next six months, is grossly inadequate. President Bola Tinubu had in October last year promised the business community that he would ensure that  Nigeria’s economy hit $1trillion by 2030, and even boasted that he could make it happen by 2026.



Investment: FG Unveils National Energy Policy, Master Plan

The federal government has unveiled two strategic documents that will serve as a roadmap to energy transition, efficiency and reliability in the country to power Nigeria’s industries, enhance economic development and attract more investments.



Ukrainian Firm Bids to Invest in Nigeria’s Energy Sector

A Ukrainian company has offered to generate between 350-500 megawatts of renewable energy in solar and wind technology in Nigeria which will transform it into a power efficient nation.



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