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Tag "Azura"

Reps panel summons TCN MD over controversial Azura power deal

    Reps panel summons TCN MD over controversial Azura power deal

The house of representatives committee on finance has summoned Sule Abdulaziz, managing director, Transmission Company of Nigeria (TCN), over the Azura power plant agreement. The committee, chaired by James Faleke,

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EXCLUSIVE: How Nigeria paid $137m in two years for unutilised gas in ‘take or pay’ deals

    EXCLUSIVE: How Nigeria paid $137m in two years for unutilised gas in ‘take or pay’ deals

Facts have emerged on how Nigeria paid $137 million in two years for gas and electricity that were never used in the “take or pay deal” the country entered into

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Azura MD: Why electricity privatisation is not yielding expected results

    Azura MD: Why electricity privatisation is not yielding expected results

Edu Okeke, managing director of Azura-Edo IPP, says the privatisation of the power sector is not yielding expected results because the government reneged on the most important part of the

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THE INSIDER: FG set to guarantee $1bn new solar projects — despite choking under ‘take or pay’ deals

    THE INSIDER: FG set to guarantee $1bn new solar projects — despite choking under ‘take or pay’ deals

Despite getting its fingers burnt and running into debt over existing power deals, the federal government is set to provide more sovereign guarantees to 14 new solar power projects. Nigeria

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EXCLUSIVE: Nigeria considers $30m monthly ‘take or pay’ deal with Qua Iboe Power

  EXCLUSIVE: Nigeria considers $30m monthly ‘take or pay’ deal with Qua Iboe Power

Nigeria is seriously considering entering into another $30 million a month “take or pay” deal with Qua Iboe Power Plant

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Nigeria not liable to pay $1.2bn over Azura deal, says presidential aide

  Nigeria not liable to pay $1.2bn over Azura deal, says presidential aide

Ahmed Zakari, special adviser to the president on infrastructure, says Nigeria is not liable to pay $1.2 billion according to

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EXCLUSIVE: ‘Presidency source’ lied — Azura $1.2bn deal was signed in August 2015

  EXCLUSIVE: ‘Presidency source’ lied — Azura $1.2bn deal was signed in August 2015

An unnamed presidency source told reporters on Sunday that the Azura Power deal was signed by the government of President

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Azura power contract is another P&ID in our hands, says Omo-Agege

  Azura power contract is another P&ID in our hands, says Omo-Agege

Ovie Omo-Agege, deputy senate president, says Nigeria’s agreement with Azura Power could be another P&ID case on the neck of

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