Thursday, March 23, 2023
Home POWER $33m Azura power deal: Reps invite ministers of finance, power, others

$33m Azura power deal: Reps invite ministers of finance, power, others

The House of Representatives has invited the Ministers of Power and Finance and heads of Bureau of Public Procurement (BPP), Niger Delta Power Holding Company (NDPHC) over a $33 million Azura power purchase agreement.

Other agencies invited include: Nigeria Bulk Electricity Transmission (NBET), Transmission Company of Nigeria (TCN) and Nigeria Electricity Regulatory Commission (NERC).

Chairman, House of Reps Committee on Finance, James Faleke, which is investigating alleged breach of agreement and perennial power failure in the country invited the heads of all the agencies in Abuja on Tuesday.

Faleke said the agencies would be brought before the committee to explain their role in the power deal, adding that the appropriate date for their appearance before the committee would be communicated to the affected agencies.

The committee had on Aug. 19 discovered that the country was committed to a monthly payment of $33 million in a take or pay deal.

The committee however discovered that Azura power plant had not been able to deliver the 450 megawatt of electricity agreed to with TCN to the national grid since the contract was signed.

Faleke, however told the Managing Director, TCN, Mr Sule Abdulazeez to present its budget allocation from 2002 to date and the contract awarded and the certificates  by TCN on power transmission line

He said that if  Azura would demand money in dollars from power being generated, Nigeria should also demand money from Azura in dollars for power being used from the national grid.

The committee also asked TCN to provide it with its Internally Generated Revenue (IGR) from 2010 including its audit report, while also picking holes in the IGR being spent by TCN outside budgetary provision.


Vandals jailed for stealing Eko Electric Property 

According to the statement, Abdullahi Yinusa was caught vandalizing 70mm (about 2.76 in) core electric cables at No 38 Akin Adesola Street, Victoria Island. He was detained by the police at Bar Beach Police Station and arraigned at the Lagos Magisterial District on the 3rd of January 2023. 

NCP names Mainstream Energy Solutions preferred bidder for Zungeru Power plant

MESL (the preferred bidder) scored 1142 marks (94.3%) of the total 1,200 marks, thus surpassing the minimum benchmark score of 75% of 1,200 marks, having offered the highest concession fee of $USD70,000.25 to beat Africa Plus Partners Nigeria Limited Consortium (APPNLC) which scored 742 points.

Estimated billing: Group writes NERC, demands sanction of DisCos

That your Agency should as matter of urgency set up monitoring committee to start monitoring the activities of discos in their franchise area especially in the instance of capping order and tariff charges on consumers.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

We pay for only electricity generated, put on the grid – NBET 

The Nigerian Bulk Electricity Trading (NBET), has said that it only responsible for electricity generated and put on the grid and not...

NLNG joins U.N. group to reduce methane emissions, pursues decarbonisation

 According to NLNG’s Managing Director and Chief Executive Officer, Dr Philip Mshelbila, the Company had signed an MoU with UNEP in the last quarter of 2022, stating that the signing demonstrated the Company’s commitment to reduce methane emissions from its operations as part of its decarbonisation journey.

Nigeria launches six regulations for Midstream, Downstream petroleum sector

The new regulations are: Midstream and Downstream Petroleum Operations Regulations, 2023, Assignment or Transfer of License and Permit Regulations, 2023; Petroleum Measurement Regulations, 2023;. Gas Pricing and Domestic Demand Regulations, 2023; Petroleum (Transport and Shipment) Regulations, 2023 as well as  Natural Gas Pipelines Tariff Regulations, 2023.

NBET denies NDPHC January payment

NDPHC, from data gathered by energy TIMES, was billed N854,104,159 million, having consumed 861,007.18 million cubic feet of gas in the month of January.

Recent Comments