The state requires about 1008 megawatts of electricity to meet its daily needs but about 100MW, representing 10 per cent of its requirement, is available from the defunct Power Holding Company of Nigeria.
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The union official said that if the workers’ entitlements were not paid by the end of October, the entire workforce of PHCN in all the 36 states would embark on indefinite strike
As part of efforts to boost power supply, the President recently commissioned the Geregu Power Plant in Kogi State
Igali blamed the few hiccups experienced in the course of the exercise on the large number of people involved, adding that government has enough fund for the process, but was being careful in ensuring that money was not paid into wrong accounts
By close of transaction on Wednesday night, all Preferred Bidders had paid up, except the Enugu Distribution Company, while the preferred bidder for Sapele Power Station had made substantial part-payment
“Their records have passed biometrics test and have been issued benefit statements showing their expected terminal benefits
It stated that the successor companies would be formally handed over to the bidders after full payment, at a ceremony which would herald the takeover of the companies by the private sector
TCN management said investigation had begun into the cause of the fire, which destroyed the transformers, manufactured by Mitsubishi in 1976 and inaugurated in 1979
Pekun Adeyanju, the Assistant General Manager, Public Affairs of the PHCN in Lagos State in a statement on Tuesday stated that the suspects were arrested on Monday at the Oshodi area of the state as “they were removing the four single core cables from the feeder pillar at LSDPC 500KVA Sehinde Calypso Transformer”
The Discos and Gencos are successor companies that were established after the unbundling of the Power Holding Company of Nigeria in line with the ongoing privatization of the nation’s moribund power sector
Sambo urged the companies to honour the contract it signed with the Federal Government, noting that non-payment for government investment on power may affect the smooth operation of the sector as government is paying for gas and other components to enable the sector function
The management of First Bank said the decision of the Edo State Government to shut its branches was informed by its insistence on obeying a court order freezing an account of the Power Holding Company of Nigeria with it, but which the state government wanted unfrozen, and not for tax related issues as erroneously reported by certain media organisations