
Power Holding Company Of Nigeria - PHCN







Presidential aide to Muhammadu Buhari, Tolu Ogunlesi has countered Peter Obi, presidential candidate of the Labour Party, Obi on Nigeria-Siemens power project

The NREC and BPE chiefs said the new boards for the affected discos have been approved and the bureau was collaborating with the Central Bank of Nigeria (CBN).

Distribution companies in Nigeria are heavily indebted to generating firms to the tune of N75 billion which is a 50 per cent drop in revenue recorded by GenCos.

The Nigerian government is making moves to boost power supply in the country by injecting about $550 million, decentralise the national grid and use solar.

While Nigeria's electricity grid has collapsed eight time in 2022, Egypt added over 28,000MW in three years. Nigeria currently generates about 3,000MW in 2022.

Nigerian Electricity Regulatory Commission, NERC has blamed poor maintenance, low supply of gas and vandalism as the reason for poor power supply in the country

“As a result of this development, all our outgoing feeders are out and this has affected supply to our customers in Abia, Anambra, Ebonyi, Enugu and Imo states.

There was widespread blackout across Nigeria on Sunday, June 12, following the collapse of the national power grid. The grid has collapsed over 4 times in 2022.

Energy experts are looking for ways to tackle Nigeria's energy problem and fashioning out means of having sustainable energy in the Nigeria as the country grows
Power Holding Company Of Nigeria - PHCN
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