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Tag: Egbin Power Plant

  • ‘How Egbin Power drives sector growth’

    ‘How Egbin Power drives sector growth’

    As part of commitment to further advance technology in the country and strengthen the power sector, indigenous power generation company (GenCo), Egbin Power Plc, has launched an internship programme tagged “Egbin PowerUp,” a six-month immersive internship designed to deepen students’ understanding of the industry, while fostering innovation and excellence.

    According to the Genco, the initiative provides students from various tertiary institutions across Nigeria with the opportunity to gain hands-on technical experience while working alongside seasoned professionals at our power Plant.

    Speaking on the PowerUp Internship programme, CEO of Egbin Power, Mokhtar Bounour, emphasised that by providing practical training and equipping young people with pragmatic problem-solving skills, they are empowered and prepared for the future, thereby enabling them to make a meaningful impact on society.

    “At Egbin Power, we believe that investing in our nation’s youth is investing in Nigeria’s future. The Egbin PowerUp programme is a platform for young minds to ignite their passions, hone their skills, and become the driving force behind Nigeria’s energy revolution.

    “By nurturing these talents, we’re shaping a brighter, more sustainable tomorrow for the power sector and the country. This initiative aligns with the Sustainable Development Goal 4 which seeks to ensure that all individuals have access to ‘inclusive and equitable quality education and lifelong learning’ opportunities, “ Bounour said.

    The internship programme attracts students from different fields of study including Engineering, Applied Industrial Science, Information Technology (IT) and Environment & Safety among others.

    Read Also: Electricity disruption nationwide caused by shutdown of Egbin Power Plant – IED

    The current cohort, which began in July, includes vibrant engineering and chemistry students from leading institutions such as the University of Lagos (UNILAG), Pan-Atlantic University (PAU), Caleb University, Bells University, the University of Ilorin, Federal University of Technology, Akure (FUTA), Alex Ekwueme Federal University, Ndufu-Alike, Ikwo (FUNAI), Federal University of Petroleum Resources, Effurun (FUPRE), Obafemi Awolowo University (OAU), and Ahmadu Bello University (ABU).

    Through initiatives like this, Egbin Power remains dedicated to investing in the future of Nigeria’s power sector and nurturing the next generation of leaders. As Egbin PowerUp programme continues to empower young minds, Egbin Power is driving the growth of the power sector, contributing to Nigeria’s progress and prosperity by responsibly bringing energy to life.

  • Electricity disruption nationwide caused by shutdown of Egbin Power Plant – IED

    Electricity disruption nationwide caused by shutdown of Egbin Power Plant – IED

    Ikeja Electric Distribution Company (IE) has explained why some parts of Lagos State and by extension, nationwide is experiencing power supply disruption.

    The Nation learnt Egbin Power Station, one of the largest thermal power stations in the country, has been temporarily shut down to facilitate maintenance work on a crucial gas pipeline.

    The Egbin power station is located in the Ikorodu area of Lagos state and supplies around 16% of the total electricity to the National Grid.

    It has an installed capacity of 1320MW which makes it the largest provider of electricity in Nigeria.

    The plant’s closure, according to Ikeja Electric is necessary to allow the Nigeria Gas Company (NGC) to conduct vital maintenance on the gas pipeline that supplies the facility.

    Read Also: Amosun to Oshiomhole: you are responsible for your removal as APC chairman

    The DisCo in an announcement on its official X handle on Wednesday, apologised for the inconvenience.

    It said: “Please be informed that the current power supply disruption is as a result of the ongoing maintenance work on the Nigerian Gas Company (NGC) gas pipeline supplying gas to Egbin Power Generation Company”.

    “Consequently, this has led to temporary shut down of the plant, resulting in extensive load shedding nationwide

    “We sincerely apologise for inconvenience caused by this situation…”

    The temporary shutdown of the Egbin Power Station has resulted in a significant reduction of power available to distribution companies and load centers nationwide.

    The shutdown, commenced at 11:13 hours on December 18, 2023, is expected to last for three days, causing a substantial reduction in the national power grid’s capacity.

  • Egbin power plant shut, darkness looms

    Egbin power plant shut, darkness looms

    Nigerians will have to endure a torrid period of electricity supply as the country’s biggest power plant, Egbin Power plant, Ikorodu, Lagos, has been shut for three days.

    The power station, with an installed capacity of 1,320 Mega Watts (MW) is being shut because the Nigerian Gas company (NGC), who is the sole supplier of gas to Egbin, commenced maintenance works on its gas pipelines.

    The consequence of this is that the national grid will be short of at least 676MW of electricity supply, a development that will have serious implications on the electricity supply in the country.

    Read Also: Egbin power plant plans 1,900MW boost, deepens gas to power

    The management of Transmission Company of Nigeria (TCN), in a notice  said the station was shut as at 11:13 hours of 18th December 2023, to allow the Nigeria Gas Company (NGC) to maintain a linking gas pipeline supplying gas to Egbin Power Station.

    “This means a reduction of 676MW of bulk power generated into the nation’s grid for three days and consequently the quantum of bulk power available to be delivered to distribution companies load centers nationwide for the period”, TCN explained.

  • DISCOs, Egbin power plant sign agreement to supply 220mw

    DISCOs, Egbin power plant sign agreement to supply 220mw

    The Nigerian Electricity Regulatory Commission (NERC) has informed the Federal Government of the activation of the agreement between Paras Energy and Eko DISCO to provide 40megawatts (mw) to Lagos as well as the agreement between Ikeja and Eko DISCOs with Egbin power plant for dedicated supply totalling 220mw.

    A communiqué at the fourth Minister of Power, Works and Housing meeting in Calabar Power Plant, Odukpani, Cross River State, revealed this yesterday in Abuja.

    It noted that the parastatals in the power sector and the operators in the Nigerian Electricity Supply Industry (NESI) have updated the monthly meeting on their plans and development.

    It noted that the “meeting resolved that Port Harcourt DISCO and Calabar and Ibom Power Plants can proceed with their bilaterally negotiated agreement to supply currently stranded power, starting with 150MW to 250 MW.

    “Port Harcourt DISCO will invest in infrastructure in Akwa Ibom and Cross River to receive the power and deliver it to customers at the approved tariff.

    The communiqué added the Transmission Company of Nigeria (TCN ) announced that projects critical to improving power distribution in Aja, Kebbi, Kafanchan, Otukpo, Makurdi, Wudil, Afam, Daura and Kwanar Dangora are completed or nearing completion.

    According to the communiqué, the meeting acknowledged the shortage of gas, limiting power output from power stations connected to the ELPS pipeline, and supported ongoing discussions between the  Minister of Power ,Works and Housing and Minister of Petroleum Resources to facilitate additions in gas supply and the repair of the Forcados Oil Export Line to ameliorate the gas shortage.

    It revealed that the meeting acknowledged the need to improve on the responsiveness and awareness of the Distribution Companies’ (DISCOs’) Customer Complaints Units (CCU) to ensure that all complaints from paying customers are acknowledged and resolved swiftly.

    Resolutions were made to publicise dedicated customer complaints lines in four national newspapers by each DISCO to support this objective in the next two weeks.

    The communique noted that the meeting reiterated the need for more aggressive rollout of metering for all customers.

    In this regard, it stressed that “Eko, Kano, Kaduna and Jos DISCOs confirmed plans to aggressively deploy recently procured metering starting in May.

    Abuja DISCO assured the meeting that it plans to meter 100,000 households by December and Port Harcourt DISCO intends to install 110,000 by the same time.”

    It said that the meeting committed to treating all decisions made as binding. To this end, a unanimous resolution was made regarding strong sanctions against operators who fail to act on decisions agreed at the meetings.

  • New investments in Egbin power plant hit N7.3b

    New investments in Egbin power plant hit N7.3b

    • Firm decries poor remittance from market operation

    The new investors in Egbin Power plant have invested over N7.3billion between November 1, 2013 and now to turn  the company around, the  Managing Director, Egbin Electricity Power Plc,    Mike Uzoigwe, has said.

    He told the  House of Representatives Committee on Commercialisation and Privatisation on an oversight function, that another $4million would be required for  the overhaul of the plant.

    The Head of Public Communications, Bureau of Public Enterprises (BPE),  Chigbo Anichebe, who made this known in a statement yesterday, explained that since the take-over in November last year, the company has embarked on major improvements which include the repair of unit 4, Numbers 5 and 6 HP Heaters, as well as the replacement of water cooling inlet line fittings.

    Others are the repairs of three boiler water wall tube rupture, replacement of lighting bulbs inside the power plant, and a scheduled major overhaul of all units from 2014, running upto  to 2016, among others.

    Uzoigwe gave a breakdown of the overhaul schedule as follows: Unit 1: March, 2015, Unit 2: October, 2015, Unit 3: July, 2015, Unit 4: October, 2014, Unit 5: January, 2016 and Unit 6, April 2016.

    The committee, however, praised the Nigerian engineers at the company for their ingenuity to keep the plant functional despite challenges in the operations of the plant.

    Its Chairman, Hon. Khadija Bukar Abba-Ibrahim,  noted that despite the obsolete equipment and poor funding, the Nigerian engineers were able to operate the plants to give maximum services to Nigerians before and after the privatisation.

    She said the Committee would engage other members of the National Assembly to ensure the passage of  the Petroleum Industry Bill (PIB) so that the current challenges in  gas supply to power companies are addressed to ensure steady power supply in the country.

    Uzoigwe decried the low remittance to the company from the Market Operator and urged the lawmakers to urgently intervene to make the electricity market attractive for investment.

    He  decried the situation whereby only a fraction of what is due to the company is remitted, saying of the N13billion acruing to firm  only N6.5bn was received, and that out of what was received, the company was owing the Nigerian Gas Company (NGC) N5.3billion while it had spent N7.35billion on staff salaries  and renovations.

    Uzoigwe also called on the lawmakers to intervene to ensure that  the entitlements  of the former workers of the PHCN were fully paid as all remittances  to that effect were understood to have been made to the Office of the Accountant General of the Federation (OAGF) by the relevant government agencies.

  • NCP approves sale of Egbin to KEPCO

    NCP approves sale of Egbin to KEPCO

    • Approves lease extension to ENL

    The National Council on Privatisation(NCP) has approved the sale of 70 per cent Federal Government’s shares in Egbin Power Plant to KEPCO Energy Resource at the cost of $407.3million, the Bureau of Public Enterprises  (BPE), has said.

    In a release contained in its- bulletin- Info Privatisation, the BPE asked the firm to pay 51 per cent of the plant’s share currently valued at $670million.

    BPE added that the approval was one of the decisions that the NCP reached during its second meeting in Abuja, this year.

    The Council has directed that the BPE reserves 10 per cent of the plant’s shares ( equivalent of 30 per cent) should be sold to the public through Initial Public Offer (IPO) at a later date.

    The NCP explained that the privatisation of Egbin Power Plc was earlier concluded with KEPCO Energy Resources for the sale of 51 per cent shares via a willing-buyer , willing seller transaction on May 17, 2007 at a price of $280million.

    The bulletin also revealed that the NCP has approved the Supplementary Lease Agreement between ENL Consortium, Nigerian Ports Authority (NPA) and BPE , which gives effect to the extension of the concession of Terminals C and D in Apapa Port to ENL.

  • Korean firm to buy 70% of Egbin Power Plant for $407.3m

    The National Council on Privatisation (NCP) yesterday approved the sale of 70 per cent of Egbin power plant in Lagos to a Korean firm, KEPCO at $407.3 million.

    The Council, chaired by Vice-President Namadi Sambo took the decision at its meeting in the State House.

    Briefing State House correspondents at the end of the meeting, Chairman of the Technical Committee of NCP, Atedo Peterside, said the Egbin power plant is currently valued at over $670 million, which is more than the $549 million it was valued in 2007 when the Federal Government began negotiations to sell 51 per cent equity of the plant to the same firm.

    He said: “What we have done today (yesterday) is after negotiations and approval by the NCP, is to agree to sell 70 percent of the plant to KEPCO which is a South Korean company.

    “KEPCO will pay $407.3million. At the time the transaction was done in 2007, Egbin was valued at $549million and they actually paid a deposit of 10 per cent of the amount based on that valuation.

    “Based on that valuation, we have agreed to more or less ratify that previous transaction. But we have done and increased transaction and they are paying a larger sum of money. The evaluation that we have done with Egbin at a value of $670m which is higher than the original evaluation of $549m.

    “In total, they are going to pay $407million to the Federal Government and that evaluation was comparable to the evaluation that was done for Geregu, Sapele and Ugheli Power Plants.

    He went on: “Equally approved for sale as part of the plans to privatise the nation’s power generation plants, are Omotosho (Ondo state) and Olorunsogo (Ogun State) to the Chinese firms which are almost done with construction.

    He said that NCP thought it wise to offer the plants on right of first refusal to the Chinese firms since they would naturally understand the plants better.

    According to him, they have agreed to a sale price, which the Council considered reasonable enough.

    The plants, he said, were offered for $166 million, and except for Afam plant, “every other power plant owned by PHCN now has a core investor”.

    Femi Otedola’s firm Amperium consortium also presented a confirmation of payment of $33 million including local component of N519.12 million into Bureau for Public Enterprise’s (BPE) account, being 25 per cent down payment for acquiring 51 per cent of Geregu power plant.

    The CEO of Forte Oil, a partner of Amperium consortium, Akin Akinfetiwa, made the public presentation at the end of the meeting to the Acting Director General, Benjamin Dikki.

    The firm was given 15 days grace but it paid the purchase sum immediately after the approval was granted.

    The NCP yesterday also approved a NIPOST reform bill, which will make the postal agency to return to its role of regulating the industry and also as an operator.

    But the two functions will be separated since a Postal Commission will be created to act as the regulator.

    The Acting BPE boss, also announced the NCP’s approval of five draft bills for onward transmission to the Federal Executive Council for further approval, including Inland Waterway; Ports; Railways; Road sector; National Transport Commission.

    The NCP also deliberated on the report of the progress being made by the Attorney-General of the Federation, on the issue of arbitration delaying the privatisation of the Ajaokuta steel plant and Aluminium Smelter Company of Nigeria (ALSCON).

    According to the Minister of Mines and Steel Development, Musa Mohammed Sada, the feuding parties had their initial meeting trying to settle out of court and some useful discussions to take the resolution further are ongoing.

    He said: “We are beginning to see that very soon we are likely to conclude some of those issues, such that BPE will take full charge of these two important facilities and are appropriately privatised, not the way it happened before that is now putting us into these issues.

    “This time, it will be in such a way that they will come back to contribute the way that they are expected to as major industrial backbone of the Nigerian economy.” He added