The Nigerian government has announced the approval of steps for the sale of 11 power firms, in a bid to solve the power supply situation.
Nigeria’s Presidential Task Force on Power (PTFP) has started consultations with IPPs to determine an appropriate level of tariff. This follows the Federal Government’s directive to the Nigerian Electricity Regulatory Commission (NERC) to review electricity subsidy to ensure that the tariffs reflect the cost of power supply.
As part of its efforts to boost power supply in the country, the Nigerian Government has said that it is compiling studies of all the abandoned dams across the country in order to resuscitate them for electricity generation.
The Islamic Development Bank (IDB) and the African Development Bank (AfDB) have announced that they will jointly be supporting the Mambilla Hyrdo Power Project in Nigeria.
Nigeria is working at delivering a full-fledged private power sector by June 2011. The policy shift appears to be a key deliverable that the present government wants to have in place before the next election.
The Power Holding Company of Nigeria (PHCN) reached a capacity of 3800 MW in June 2010, and is trying to achieve a capacity of 6000 MW by the end of 2010.
After being unable to attract funds from potential investors to build new power stations and upgrade existing units, Zimbabwe’s power expansion plans have failed to make any progress.
The Nigerian Electricity Regulatory Commission (NERC) is to review the Multi Year Tariff Order (MYTO) for electricity, particularly for bulk purchasers.
The South African power utility Eskom should be broken up, according to Ian McRae, a former Chief Executive from 1985-1994 of Eskom.