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Privatisation: What Nigerians Expect from Bulk Electricity Trading Company
- By Alex Ekemenah
- Published Monday 10th 2012
- EnergyWorld
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At the inauguration of the Management Board of the Nigerian Bulk Electricity Trading Plc (NBET), last year August, President Goodluck Jonathan said of the board, “I have every confidence that you will faithfully execute this mandate of serving as a bulwark against the potential payment default by distribution companies until they become financially strong to directly enter into power purchase agreement on bilateral basis”.
“I therefore, expect that you will carry out diligently the job of negotiating and signing of future contract agreements with power producers.” President Jonathan further said, in order to attract the confidence of consumers and the goodwill of international partners.
Jonathan restated the commitment of his administration to the power sector reform, noting that the necessary process would not be abridged. “We are quite determined to conclude all processes that would lead to generation, transmission and distribution of improved stable and regular power supply to our people,” he said.
Privatisation of Electricity Distribution Companies: What Next?
- By Alex Ekemenah
- Published Monday 22nd 2012
- EnergyWorld
- Unrated
Atedo Peterside, Chairman, Technical Committee of NCP
A new era beckons in the power sector as Integrated Energy Distribution and Marketing Limited, a firm in which Gen. Abdusalami Abubakar former Head of State, is the chairman, is set to acquire three of the juiciest electricity distribution companies in the country. The electricity distribution companies are Eko, Ikeja and Ibadan. Integrated Energy Distribution and Marketing was prequalified to take control of the companies at the opening of bids submitted by 20 firms jostling for controlling stakes in 10 electricity distribution companies that have been put up for privatisation by the Federal Government last week Tuesday in Abuja.NNPC, Genesis Electricity Sign MOU on Power Supply to PHRC
- By Alex Ekemenah
- Published Monday 17th 2012
- EnergyWorld
- Unrated
The Nigerian National Petroleum Corporation, NNPC, and Genesis
Electricity Ltd have signed a Memorandum of Understanding designed to
bolster power supply to the Port Harcourt Refining Company, PHRC, and
strengthen its production capacity.
Nigerian Crude Oil Production Hits 2.7m Barrels
- By Alex Ekemenah
- Published Monday 17th 2012
- EnergyWorld
- Unrated
The Group Managing Director of the Nigerian National Petroleum
Corporation (NNPC), Engr. Andrew Yakubu has revealed that a significant
milestone has been recorded in the oil and gas sector as Nigerian crude
oil production has increased from 2.4 Million barrels per day to 2.7
mbpd.
4,500mw Target: What are the Prospects?
- By Alex Ekemenah
- Published Monday 17th 2012
- EnergyWorld
- Unrated
Dr Sam Amadi, Chairman, National Electricity Regulatory Commission
The Nigerian Electricity Regulatory Commission (NERC) said last week that it sees the federal government achieving the 4,500 megawatts of power target set for the country by year-end. But is this what we really need? asks ALEXANDER EKEMENAH in this reportMadueke’s Scorecard as Petroleum Minister
- By Uchenna Kalu
- Published Tuesday 31st 2011
- EnergyWorld
- Unrated
Diezani Allison-Madueke was the surprise choice to head sub-Saharan
Africa’s biggest oil and gas exporter when Goodluck Jonathan, then
acting president, unveiled his cabinet April 2010.
The new minister’s principal task was to bring the long-delayed Petroleum Industry Bill – the most ambitious overhaul in the industry’s 50-year history – into law. This she could not do in the time she has headed the ministry.
The new minister’s principal task was to bring the long-delayed Petroleum Industry Bill – the most ambitious overhaul in the industry’s 50-year history – into law. This she could not do in the time she has headed the ministry.
FG Resolves ExxonMobil Dispute
- By Uchenna Kalu
- Published Tuesday 31st 2011
- EnergyWorld
- Unrated
A source from Nigerian National Petroleum Corporation (NNPC) said last
week that Nigeria is making progress towards resolving a dispute with
Exxon Mobil over oil licensing renewals covering fields producing more
than 500,000 barrels per day.
Is this Time to Reform the Power Sector?
- By Uchenna Kalu
- Published Monday 22nd 2010
- EnergyWorld
- Unrated
DR Lanre Babalola has always been a proponent of reforms in power
sector; sometimes he goes it alone. The way the man sees it: no
reforms, no industry. It is that fundamental. He believes that the
reforms that would increase electricity generation and bring
efficiency into the system, is non negotiable.


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