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   Market Date: 30-09-2014   
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Power

  1. Letter to President Obama on the Anniversary of the Power African Initiative


    I wrote an open letter to President Barack Obama, as we mark the anniversary of the power Africa initiative this week. Highlighted is the importance of this initiative, the success we have made so far in its first year, and what my company, Heirs Holding
  2. Nigerian Power: The Way Forward


    It’s Time to Take Nigerian Power Reform Seriously. Despite ongoing challenges ranging from inadequate gas supply to antiquated wiring and transformers, the Nigerian power sector is moving full-steam ahead. During our most recent visit to Lagos, we heard e
  3. 6 IN 10 Nigerian Households received less than 5hrs of Power Supply in Q1 2014


    Power Sector poll results released by NOIPolls Limited for Q1 2014 have revealed that an average of 63% (43%+20%) of Nigerians have experienced no improvement in their power supply, with 43% who experienced a worsened state and 20% having no difference at
  4. Where Are The DISCOs And GENCOs?


    An indigenous opinion research firm working in partnership with The Gallup Poll (USA), NOI Polls, recently confirmed that electricity supply has worsened since November 2013 when the power sector was handed over to new investors. It goes without saying th
  5. Winners emerge for 10 power generation firms


    Top bidders for the 10 Niger Delta Power Holding Company of Nigeria electricity generation firms emerged on Friday as the Federal Government opened the financial bids for the power plants.
  6. Challenging Gas-to-Power infrastructure threatens the declaration of the Transition Electricity Mark


    At the conclusion of the first phase of the power sector privatisation programme, which was marked with the formal handing over of the 10 successor companies of the Power Holding Company of Nigeria (PHCN) on the November 1st 2013, there was a very high de
  7. UBA lifts Power Sector Privatization with US$700 million funding


    United Bank for Africa Plc (UBA) has extended US$700 million (N113 billion) in funding to different investors towards the acquisition of power assets in Nigeria's recently privatized power sector. Phillips Oduoza, Group Managing Director and Chief Executi
  8. FG completes sale of PHCN’s successor companies


    The Federal Government on Monday drew the curtains on the privatization of the successor companies to the Power Holding Company of Nigeria (PHCN) with the formal handing over of the remaining two – the Kaduna Distribution Company and Afam Generation Compa
  9. LAFARGE to sell unused electricity to Nigeria


    Lafarge Cement WAPCO Plc, Nigeria’s second-biggest cement producer, plans to sell about 40 megawatts of excess power to the national grid to improve power supply in the country. The, General Manager, Michael Awanayah said this at the West African Power In
  10. Forte Oil Plc takes over Geregu Power Plant


    Forte Oil Plc has taken possession of the the 414 megawatts Geregu Power Plant following the formal hand over of complete operational control at a brief ceremony.
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