The State of Power in Nigeria
Nigeria, the most populous nation in Africa, has long struggled with electricity supply challenges, including frequent power outages, inadequate infrastructure, insufficient investment, energy theft, and inefficient distribution networks. More recently, the country has been plagued with incessant national grid collapse (105 in the last nine years) leading to blackouts across the nation. Despite these setbacks, […]
Transcorp Consortium emerges As Preferred Bidder For Afam
The National Council on Privatisation approved Transcorp Consortium as the Preferred Bidder for the 100% acquisition of Afam GENCO (Afam Power Plc and Afam Three Fast Power Limited) with a bid price of N105.3bn. Afam GENCO has a total installed capacity of 966 megawatts generated from a natural gas-powered plant in Rivers State. With this […]