By Eyo Nsima Barely less than one day to the much-talked-about July 1, 2023 electricity tariff increase in Nigeria, consumers continue to recharge more than before, hoping to cut costs when it becomes operational. Checks by The Daily, www.thedaily-ng.com, indicated that many customers, including households and organisations have intensified efforts to recharge their prepaid meters. […]
ELECTRICITY TARIFF: Recharge, gain more before July 1, 2023 — DisCos By Eyo Nsima The Electricity Distribution Companies, DisCos, have urged consumers to recharge their prepaid meters ahead of the planned increase in tariff scheduled to start on July 1, 2023. In their several messages to the consumers, the DisCos, noted that they would safe
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CLEAN ENERGY: We need to invest $2.8 trillion annually in developing nations — Report By Our Correspondent The International Energy Agency, IEA, and International Finance Corporation, IFC, have disclosed that the world needs to invest $2.8 trillion yearly in order to boost clean energy investment in developing economies. In the report – Scaling Up Private
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ELECTRICITY: Nigeria’s generation drops 37% to 2,649.9MW By Our Correspondent Electricity generation in Nigeria remained low at 2,649.9 megawatts, MW, grossly inadequate considering the nation’s over 200 million population. The generation dropped by 37 per cent to 2,649.9 megawatts, MW on Wednesday, this week, from 4,207.05 MW recorded the previous day. Checks by The Daily, www.thedaily-ng.com,
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EXPLAINER: Nigeria’s Electricity Act By Odion Omonfoman The Electricity Act, EA 2023 has a number of new provisions worth studying by market participants in the Nigeria Electricity Supply Industry, NESI, including investors across the electricity value chain, the Federal Ministry of Power, State Governments, and even the Nigerian Electricity Regulatory Commission, NERC. Key provisions
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By Godswill Odiong President Bola Tinubu has signed the new Electricity Act into law, which replaces the 2005 Electricity and Power Sector Reform Act. The Electricity Act was first passed in July 2022 in the administration of former President Muhammadu Buhari. The new bill seeks to promote private sector investments in the Nigerian power sector
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Shell funded impact investment company, All On, through its Demand Aggregation for Renewable Technologies (DART) program, has announced its commitment of $11 million to support 25 mini-grid projects in Nigeria. This was made known at an inaugural DART workshop with off-grid developers, commercial banks, domestic investors, and other critical stakeholders to discuss strategies to unlock
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Metering: We have surpassed Federal Government’s expectation — MMAAN By Godswill Odiong The Meter Manufacturers and Assemblers Association of Nigeria (MMAAN) disclosed, weekend, that it has surpassed the expectation of the Federal Government on metering. In a statement signed by the Acting President, Engr. Ademola Agoro FNSE and Secretary, Engr Duro Omogbenigun, MMAAM, stated:
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By Godswill Odiong The Transmission Company of Nigeria (TCN) has disclosed that nine of its towers, from towers 56 to tower 65 along the Papalanto/Abeokuta 132KV transmission line had collapsed due to the activities of vandals. A statement by the General Manager, Public Affairs of the company, Mrs Ndidi Mbah, said the towers located
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The Rural Electrification Agency (REA) holds a first-of-its-kind investor matchmaking event for the Solar Power Naija Programme to provide the opportunity for potential investors to pitch their financial offerings to developers, clearly stating the selection criteria and key terms. Also, the event provides a networking and matchmaking forum that brings together key investors and high-performing
