Ipaja Power Transmission Station Gutted By Fire

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A power transmission station based in Ipaja, a Lagos suburb, was gutted yesterday morning by fire which raged on for hours heightening fears of likely power outage in Ikeja and its environs.

Eyewitnesses said the cause of the fire which began around 11: am was unknown. The inferno consumed a massive transmission station belonging to Transisco Power Company.  “We don’t know the cause of the fire but it started shortly before the rains began. The fire was so massive that even the fire services were unable to bring it under control,” an eyewitness said.

It was also gathered that efforts of the Lagos State Fire Service (LSFC) at taming the fire was unsuccessful forcing the team to withdraw after 30 minutes. The heavy downpour also could not stop the inferno which eventually subsided around 3pm.

FG seeks $3.4bn foreign loan for power projects …says Nigerian banks charge high interest rates

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The Federal Government is looking beyond Nigerian banks to raise $3.4bn needed to fund power projects in the country because of high interest rates being charged on loans by local banks.

The Chairman, Presidential Task Force on Power, Mr. Beks Dagogo-Jack, said Nigerian banks had not done enough in terms of understanding how the ongoing reforms in the power sector worked.

He spoke with journalists on the sidelines of the Presidential Power Reform Transaction signing ceremony in Abuja on Monday.

1,074MW drop in Power generation

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The poor supply of electricity being witnessed across the country currently is as a result of a significant drop in power generation from a peak of 4,517 megawatts attained on December 21, 2012 to 3,443MW on Tuesday.

The 1,074MW drop is, however, a slight improvement over the 2,987.6MW peak generation recorded on April 6, 2013, when a whopping 1,529.4MW was lost.

The drop in power generation, our correspondent gathered from the Ministry of Power, was as a result of low gas supply to thermal power plants.

Germany, EU Commit €24.5m to Nigeria’s Power Reforms

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Prof. Chinedu Nebo, Power Minister

•       NLNG gets $360m Korean loan
Chineme Okafor
 
The German Government and the European Union (EU) have expressed commitment to Nigeria’s efforts at liberalising her power sector in the ongoing reform exercise.

Both Germany and EU would to this end, commit a cumulative sum of €24.5 million within the framework of the Nigerian-German Energy Support Programme (NGESP) to foster Nigeria’s efforts in advancing her energy policy and regulatory environment, energy mix with focus on rural renewable electrification as well as energy efficiency and respective institutional capacity development.

Nigeria in addition to Culture-Based Incidental Power-2

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Today, it's no more news in the land to see the magnitude media of briefing inundated with wrongful as well as burdensome stories of galloping inflation of contract sums, disappearing act of artificial agreementors after collecting mobilisation capital, or repeatedly all of the contract sum; blind thefts of treasuries with impunity, brigas well asage, culture of disuse, outright lack of brains on the part the presidentship, endless dashed hopes, and lack of cleverness in statecraft, as well as sample of abject cum white elephant projects with no ethereal relevance to the aspirations of the public.

Nigeria in addition to Culture-Based Incidental Power

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Guidance is an issue that affects all of humankind. But, visionary as well as true leaders usually, are hard to find. Not only are we impacted by this phenomenon, but we are also called to exercise it.

Whether we are bracketed in leading geopolitik or business, guiding innocent minds, leading a family tree, a sports team committee, organising a tv dinner, a class project, a carpool or a household, or just standing for what is best at every turn of man endeavour -the public has a presidentship role to take the part of. In other words, we are each called upon to be custodians of what is preferred and good, lasting and of financial worth, for those in our care at one point of time or another.

SHAMELESS: Nigerians Generate 518MW More Electricity Than FG’s Power Stations – UNILAG VC

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The embarrassing state of electricity generation and supply in the country was again brought to the front burner when the Vice Chancellor, University of Lagos, UNILAG, Professor Rahaman Bello revealed that Nigerians are currently generating far more electricity through the use of generators in their homes, corporate offices and industrial places than what the Federal Government is producing through its power stations across the country.

“An estimated 6000 MW is generated via individual and corporate outfits to meet their minimum demands for electricity,” Bello disclosed yesterday, at the Nigerian Institute of Management, NIM, inaugural ‘Nigeria: Arise and Shine’ annual lecture.

Nigeria Signs Power-Company Sales Pacts With Siemens, Transcorp

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Nigeria signed deals for the sale of 15 state power companies to buyers including Siemens AG (SIE), Korea Electric Power Corp. (KEP) and Transnational Corp. of Nigeria Plc, the West African nation’s privatization agency said.

The buyers now have 15 days to pay 25 percent of the amounts they bid, the Abuja-based Bureau of Public Enterprises said today in an e-mailed statement. The Nigerian government sold 10 power distributors and five generation companies in September and October. Full payment is due within 90 days.

Power: Labour, FG set for fresh showdown over privatisation

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THERE are strong indications that a fresh crisis is brewing between organized labour and the Federal Government over the planned privatization of the assets of the Power Holding Company of Nigeria, PHCN.

Already, both parties are singing discordant tunes that have begun to heat up the system and threatened industrial peace in the Power sector that appeared to have been restored after the Federal Government and labour reached agreement late last year on the contentious terminal benefits for workers ahead of the privatization of PHCN’s assets.

Sweden: The Country That Imports Wastes To Generate Power

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When it comes to keeping wastes out of landfill sites, Sweden leads the way in the world. It recycles what could be reused and bums what can be safely incinerated to provide power for a quarter of a million homes. Sweden however faces a big problem, and the problem is that Swedes are too environment-conscious and therefore aren’t throwing away enough waste to feed the incinerators.

Rivers State Commissioner For Power, Augustine Wokocha Kidnapped

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The commissioner in charge of power, Augustine Wokocha, was kidnapped over the weekend.

Police sources told Saharareporters that Mr. Wokocha was kidnapped with the librarian of the Federal College of Education (Technical), Omoku in Ogba/ Egbema/Ndoni local government area. Also, kidnapped was Dr. R F Quadri and the school's director of Academic Planning and Statistics, Dr. Richard Ihua Maduenyi.

The commissioner was kidnapped as he was returning from Ahoada town some 35 miles from Port harcourt the Rivers state capital. Family sources stated that Wokocha was seized around 6:30 PM on Ahoada-Omoku road in the state.

 A police source said the kidnappers are yet to make any demands for ransom. The governor of Rivers state Rotimi Amaechi has reportedly suppressed the kidnap story from getting any media attention in the state.

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