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Tag "NBET"

Zainab Ahmed: FG’s N1.3trn electricity intervention fund didn’t produce significant result

    Zainab Ahmed: FG’s N1.3trn electricity intervention fund didn’t produce significant result

Zainab Ahmed, minister of finance, budget and planning, says the N1.3 trillion intervention fund the federal government provided for the power sector has not yielded any significant result. On March

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NBET moves to expunge N7.2bn budget for ‘senate’ — after TheCable’s exposé

    NBET moves to expunge N7.2bn budget for ‘senate’ — after TheCable’s exposé

The Nigerian Bulk Electricity Trading (NBET) Plc is making moves to expunge the N7,620,840,000 allocated for the “senate” in its 2021 budget, TheCable understands. A review of the 2021 approved

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REVEALED: NBET budgets N7.6bn for ‘senate’ — but can’t settle GenCos’ invoices

    REVEALED: NBET budgets N7.6bn for ‘senate’ — but can’t settle GenCos’ invoices

The Nigerian Bulk Electricity Trading (NBET) Plc allocated N7,620,840,000 for the “senate” in its 2021 budget, TheCable has discovered in its budget analysis. Curiously, NBET — the body that buys

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EXCLUSIVE: Qua Iboe power project stalls as FG weighs liabilities

    EXCLUSIVE: Qua Iboe power project stalls as FG weighs liabilities

The progress of the Qua Iboe Power Plant (QIPP), which is expected to generate 540 megawatts of electricity when completed, has been stalled because the federal government is unable to

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EXCLUSIVE: FG, QIPP begin negotiations on ‘take or pay’ power deal

  EXCLUSIVE: FG, QIPP begin negotiations on ‘take or pay’ power deal

After initial delays, the federal government and promoters of the Qua Iboe Power Plant (QIPP), a private generating company, have

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EXCLUSIVE: Accugas issues new deadline to FG — after receiving N13.6bn arrears

  EXCLUSIVE: Accugas issues new deadline to FG — after receiving N13.6bn arrears

Federal government has settled N13.6 billion of outstanding invoices Accugas Ltd for gas supply to the Calabar Generation Company Limited,

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EXCLUSIVE: Power minister launches moves to pay disputed N13.5bn to Adeleke’s power plants

  EXCLUSIVE: Power minister launches moves to pay disputed N13.5bn to Adeleke’s power plants

Sale Mamman, minister of power, has launched moves to pay the disputed N13.5 billion claims to power plants owned by

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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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HEDA asks Buhari, CCB to probe Amobi over ‘misconduct’

  HEDA asks Buhari, CCB to probe Amobi over ‘misconduct’

The Human and Environmental Development Agenda (HEDA) has asked President Muhammadu Buhari and the Code of Conduct Bureau (CCB) to

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INSIDE STORY: The N13.5bn civil war between Adeleke’s power plants, NERC and NBET

  INSIDE STORY: The N13.5bn civil war between Adeleke’s power plants, NERC and NBET

When the next managing director of the Nigerian Bulk Electricity Trading Plc (NBET) assumes office, one of the knotty issues

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