Britain will commit 16.7 billion Pounds (22.5 billion dollars) to nuclear power projects as the country shifts away from fossil fuels. Chancellor of the Exchequer Rachel Reeves said this on Tuesday. Reeves signed off on 14.2 billion Pounds of investment to build the new Sizewell C nuclear plant in Suffolk, England. Rolls-Royce had been named…
Nigeria’s Vice-President Kashim Shettima has inaugurated a new electricity distribution facility in Maiduguri, Borno State, as part of a wider national effort to enhance energy access in underserved regions and stabilise infrastructure in the conflict-hit northeast. The 7.5MVA injection substation, executed by the Niger Delta Power Holding Company (NDPHC), is expected to significantly improve power…
Many residents of the FCT, have urged the Federal Government to ensure that the recent increase in Megawatts (MW) of electricity from 4,100 to 5,700 translates to steady power supply. The consumers, who spoke to the News Agency of Nigeria (NAN) on Monday in Abuja were reacting to the 5,700 MW average daily power generated…
South African state utility, Eskom on Monday said that it was optimistic about power outlook in the country as there would be no electricity cuts in the next four months. Eskom’s difficulties in supplying power to Africa’s biggest economy have curbed economic growth for more than a decade. However, a turnaround in its plant performance…
Many electricity consumers in the Federal Capital Territory (FCT), say they are willing to pay for improved and steady power supply. The consumers, who reside in Kubwa, Kuje,, Gwagwalada and Nyanya spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday,. According to them, if power supply improves and it is stable, they…
The Federal High Court in Abuja on Monday, adjourned the trial of former Minister of Power, Saleh Mamman, until May 2. Justice James Omotosho adjourned the matter after the Economic and Financial Crimes Commission (EFCC)’s video evidence to counter the allegations by Mamman that his extra-judicial statement was not voluntarily made, was played in the…
The Federal Government and China Machinery Engineering Corporation (CMEC) on Wednesday signed a contract agreement worth 328.8 million dollars aimed at improving power supply across the country. The contract, valued at $328,819 million dollars covers Engineering, Procurement, Construction, and Financing for the implementation of transmission lines under Phase 1 of the Presidential Power Initiative (PPI)….
Transcorp Power Plc has declared a revenue growth of 115 per cent in 2024, amounting to N305.9 billion and an operating profit after tax of N80.01 billion. Mr Emmanuel Nnorom, Chairman, Board of Directors, Transcorp Power Plc disclosed this on Tuesday in Abuja, at the companies’ Annual General Meeting (AGM). Nnorom said that the financial…
The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned former Minister of Power and Steel, Dr Olu Agunloye before a Federal Capital Territory(FCT) , high court Apo. He was re-arriagned on allegations bordering on award of contract for construction of 3,960MW Mambilla Hydroelectric Power Station in Taraba. The anti-graft agency re-arraigned him on an…
The Consumer Technology Association (CTA) has warned on Sunday that tariffs proposed by President-elect Donald Trump could significantly reduce Americans’ ability to purchase technology products. It said that this would potentially cut consumer purchasing power by up to 143 billion dollars. According to a report released by CTA, laptop and tablet purchases could plummet by…
