The Vanguard Newspaper on page 9 and Punch page 20 all reported that the Federal Government inaugurated the governing board of Nigeria Electricity Liability Management Company Ltd. NELMCO. Adding that with the new board members, in place there is hope for the settlement of debts owed by Power Holding Company of Nigeria, PHCN, which will be taken over by NELMCO.
The paper further stated that the board members of NELMCO comprises the Minister of Power, Engr. Abubakar D. Aliyu, Director General Bureau of Public Enterprises (BPE), Director General Debt Management Office and Managing Director of Nigeria Electricity Liability Management Company, NELMCO.
Detail of the Story; Captioned, “Hope rises for legacy power sector creditors, FG appoints NELMCO Board”.
The Daily Trust Newspapers on page 19 reports that the Director, Governance and sustainability, Ejiro Gray of the Sahara Group has posited that solution to power issues in Nigeria lies in Mini-grid.
She said that alternative sources of energy is indispensable considering the population of Nigeria, Ejiro Gray said energy transmission plans or strategy involves the use of Mini-grid for renewables because cost of expansion of the national grid to rural areas is too much for generating and distribution companies to bear.
Detail of the Story; Captioned, “Power solutions lies in Mini-grid”.
The Punch Newspaper page 21 reports that the latest data sourced from the Nigeria industry supply said the capacity of electricity plants dropped from the total capacity of 13,461 megawatts to as low as 4,022MW as at when tested in July, 2021.
The paper further stated that there has been a drop in the combined generation capacity of Nigeria’s 26 power plants by 70 per cent, industry statistics have shown.
Detail of the Story; Captioned, “Nigeria’s 26 power plants capacity drops by 70%”.
Senior Information Officer
For: Director, Information