Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Nigeria’s cheapest gencos are up for sale

Chacha Wabara by Chacha Wabara
October 9, 2017
in Business News
TCN ready to waive Discos' N270 billion debt, TCN want Discos to recapitalise, Discos investment in power sector, AfCFTA, Gencos reacts to AfCFTA, Outsourcing companies in Nigeria, Grid systen collapse

A substation owned by a transmission company in Nigeria

Share on FacebookShare on TwitterShare on Linkedin

The Niger Delta Power Holding Company (NDPHC) has complained that it charges the lowest rate for electricity generation, a problem which the Managing Director of NDPHC, Mr. Chiedu Ugbo said was a problem caused by NBET.

“Our tariff is somewhere around N18 while the rest of the generation plants are about N23 per kilowatt hour. We are discussing this with NBET right now because it is what we met. They plugged in the 2012 number without escalation built into it, like inflation and all that, so while others kept going up, ours remained static, and that is one reason, but we are discussing because there is no reason why we should remain low particularly when we don’t get capacity payments,” Ugbo claimed. If the claim is true, then the station NDPHC is generating the cheapest electricity oin the country.

Any joy from this piece of new is however short-lived as the NDPHC will soon divest itself of 3 electricity generation companies built under the National Integrated Power Projects. This is according to the Managing Director of NDPHC, Mr. Chiedu Ugbo, who announced that the sales were now clear as the specific issues that led to the suspension of their sales have now been addressed.

RelatedPosts

Electricity update: Nigeria’s energy generation rises to 89,648MWh

Electricity update: Nigeria’s energy generation rises to 89,648MWh

The plants affected are the 634 megawatts (MW) Calabar, 1,076MW combined cycle Alaoji, and 506MW Geregu, which although had received clearance for privatization could not be sold due to specific issues.

“This privatisation process started in 2012 and moved to 2013 with the emergence of the preferred bidders. At that time it was a mix of market issues and internal issues that had to do with gas supply, completion of the power plants and evacuation.” Ugbo noted.

Some of the issues that had stalled their sales include a lack of evacuation facilities in Alaoji and Calabar and gas supply issues in Benin. However, with the completion of the Ikot-Ekpene switching station, the transmission line to Calabar and the transmission line to Alaoji, these issues have now been resolved and the privatization process can continue.

Related

Tags: ElectricityElectricity tariffGENCOSNews Review

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • 5 important things to consider before buying a stock
    • FundQuest Marks 10th Anniversary With Digital Innovations
    • Lagos to increase waste evacuation charge by 50%, to prosecute residents without waste bin from October 1

    Follow us on social media:

    Recent News

    Foreign investors demand for Nigerian stocks increases to N38.98 billion, Nigerians reveal why they pick their favourite banking stocks

    5 important things to consider before buying a stock

    August 11, 2022
    FundQuest Marks 10th Anniversary With Digital Innovations

    FundQuest Marks 10th Anniversary With Digital Innovations

    August 11, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com