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ADEBAYO ADELABU
The Transmission Company of Nigeria (TCN) has referenced a statement from the Minister of Power, Adebayo Adelabu that Right-of-Way problems and others were hindering the progress and completion of up to 120 projects in the power sector across the country.
Adebayo Adelabu, the Minister of Power, has said that the revised electricity tariff for Band A customers could decrease if the Naira strengthens against the Dollar in the foreign exchange market, indicating that the rates are not fixed.
The Minister of Power, Adebayo Adelabu, has said that the federal government will sanction power distribution companies (DisCos) that fail to supply 20 hours of electricity to customers in the Band A category.
The Minister of Power, Adebayo Adelabu, has said that prior to the introduction of the upwardly revised electricity tariff the federal was subsidizing about 67% of the power sector, which was expected to amount to N2.9 trillion by the end of 2024.
Egbin Power receives FG’s assurance on debt settlement, improved gas supply
Adebayo Adelabu, the Minister of Power, has affirmed the federal government’s dedication to supporting local meter manufacturers, aiming to enhance local content development and stimulate industrial sector growth.
The Minister of Power, Adebayo Adelabu, has confirmed the Federal Government’s strategy to escalate the electricity generation capacity from 3,500 megawatts to 6,500 megawatts within the next three to six months.
Credco and Vergnet a French Wind Turbine Company have proposed to build a 30 megawatts windfall and solar hybrid plant in the Lekki area of Lagos state.
FG says it plans to increase the country’s power generation from around 4000 megawatts to 6500 megawatts in the next five to six months.
The Federal Government has accused some electricity distribution companies (DisCos) of deliberately refusing to take up power supply...
The Federal Government has declared that Nigeria can no longer continue to subsidize electricity as the country must begin to move towards a cost-effective tariff model.
The Minister of Power, Adebayo Adelabu has mooted the idea of creating legislative measures to ensure gas payments are made in naira in the power sector.