Connect with us
Paramount
Advertisement
Ican
Advertisement
IZIKJON
Advertisement
forex
Advertisement
Stanbic IBTC
Advertisement
Binance
Advertisement
Esetech
Advertisement
Patricia
Advertisement
Fidelity ads
Advertisement
app

Energy

FG to revive 3 power projects in Abia by first quarter 2021

3 major power projects in Abia State are set to be revived by the Federal Government by the first quarter of next year.

Published

on

FG set to create at least 5 million jobs for youths in the power sector – Minister of Power , Consortium of Western investors to inject upwards of $5 billion in Nigeria's renewable energy sector, Power: Nigeria's deal with Siemens - the birth of a new era?

The Federal Government has disclosed that it will revive 3 major power projects in Abia State by the first quarter of 2021

This was disclosed by the Minister of Power, Mr. Sale Mamman on Saturday after a tour of the power project sites.

READ: N2trillion Mambila project: FG starts disbursement of compensation funds

The Minister of Power on Saturday said that projects that would be revived include the 60/40MVA Ampree substation, 132 KVA Ampree transmission lines, located in Arochukwu, Ohafia and Ubur-Ihechiowa,  and whose contracts were awarded in 2001.

READ: FG says vehicle owners to pay N250,000 to convert from petrol to autogas

The Minister says he was shocked to find out that despite being nearly 95% complete the projects were abandoned over 10 years ago, and pledged that the contract would be rewarded for completion.

READ: Federal Housing Authority gives debtors 21 days to pay up or have names published

“The power projects are of immense benefit to the people because they will not only boost their electricity supply but also give room for expansion to cover the entire Abia Senatorial districts,” he said.

READ: Africa’s internet economy has the potential to reach 5.2% of the continent’s GDP by 2025 – Goggle/IFC

What you should know

The FG has upped talks on power projects recently, last month the FG announced that it will sell the Geregu 2, Omotosho 2, and Calabar power plants for N434 billion in 2021. The FG also disclosed plans to concession major sports stadiums across the country.

READ: Investors to access N300 billion as FG set to privatise power companies

Nairametrics also reported that the Federal Government will commence the process of the installation of 5 million solar-home systems in under-served and off-grid communities across the country from next week.

READ: FG to deliver 1 million vehicle conversion to autogas by end of 2021

bitcoin train

Binance
Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Energy

Siemens Power deal: FG to collaborate with Egypt

Nigeria is set to collaborate with Egypt towards a total overhaul of the power grid and distribution systems.

Published

on

FG set to create at least 5 million jobs for youths in the power sector – Minister of Power , Consortium of Western investors to inject upwards of $5 billion in Nigeria's renewable energy sector, Power: Nigeria's deal with Siemens - the birth of a new era?

President Muhammadu Buhari ordered the Ministry of Power to work with the Egyptian government on an effective rollout of the  Presidential Power Initiative with German engineering company Siemens AG.

This was disclosed by Mr. Aaron Artimas, Special Adviser, Media and Communication to the Minister of Power,  in a statement in Abuja on Monday.

The Special Adviser revealed that the Minister of Power, Mr. Sale Mamman, disclosed this in a meeting with the  Egyptian Ambassador to Nigeria, Mr. Ihab Awad, citing that the FG wants to learn from Egypt’s successful implementation of a power upgrade with Siemens AG.

READ: Plan to overhaul Nigeria’s Power grid attracts investors – Siemens

“The President had reasoned that obtaining more information from Egypt will enable Nigeria to maximize our agreement with Siemens, towards the total overhaul of our power grid and distribution systems,” he said.

The Power Minister said that the FG would leverage on Egypt’s rollout programme also and added that both countries would also collaborate on renewable energy, and improving other sectors of the electricity value chain.

What you should know 

  • Nairametrics reported that the FG  and Siemens AG have signed a contract for the pre-engineering phase of the Presidential Power Initiative.
  • In 2018, Siemens, Elsewedy Electric, and Orascom Construction launched a 14.4 GW  project under 30 months including the largest combined cycle megaprojects in Beni Suef, Egypt.

Continue Reading

Energy

TCN hits power transmission of 5,615.40MW

The TCN has broken its own transmission record twice in the space of a week.

Published

on

TCN MD Abdulaziz, four other directors receive appointment letters

The Transmission Company of Nigeria (TCN) announced that it hit another record milestone on transmission, as it recorded a national peak of 5,615.40MW.

This was disclosed in a statement by Ms Ndidi Mbah, General Manager, Public Affairs, TCN, on Tuesday in Lagos, she added that the TCN hit the record on the 28th of February.

The TCN added that the transmission was distributed at a frequency of 50.20Hz by 9.30 pm of the same day, as the TCN has broken its own transmission record twice in the space of a week.

READ: TCN: Minister of Power shares FG’s plans with new management

“Also, on Feb.26, 2021, TCN equally transmitted a new Maximum Daily Energy of 116,891 14MWH which is higher than the previous value of 116,121 42MWH achieved on Feb. 25, 2021 by 769.72MWH,” the TCN said.

Mr Sule Abdulaziz, Managing Director, TCN, said the company would remain focused on its goal to complete ongoing projects and undertake new ones as it strives to put in place a robust transmission and, despite challenges posed by vandalism and insecurity.

What you should know 

  • Nairametrics reported on March 1st that The Transmission Company of Nigeria announced it has broken its transmission record once again, after hitting a record of 5,584.40 MW.

Continue Reading
Advertisement




Advertisement

Nairametrics | Company Earnings