Sale of NDPHC plants: Short changing the North?
The Niger Delta Power Holding Company (NDPHC)
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“Where is the power?” President Buhari quipped about the purported $16 billion spent on power generation during the former President Olusegun Obasanjo’s administration. As at today, Nigeria’s peak power generation stands at 5,801.60MW, while capacity stands at 7,652.6MW.
Sixteen billion dollars is a lot of money and one can imagine that it would have given us more than the infrastructure we need in terms of power generation and distribution. The lack of prudence in government spending has seen us fritter away a fortune, either as junketing funds or as funds spent on phantom projects. Another $16 billion was handed over to the Paris Club as debt payment, which could have been better handled by part payments while negotiating debt relief. Today we are still back in the debt pool, with 72 per cent of government revenue going away as debt servicing. We have been unfortunate en
Tlou awards contracts for Lesedi power project
Apr 15, 2021 3:52:am
Summary Contracts have been awarded for the construction of the overhead lines and substations at the Lesedi gas-to-power project in Botswana.
by: Shardul Sharma
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Tlou awards contracts for Lesedi power project
Sydney-listed Tlou Energy has awarded key contracts related to its Lesedi gas-to-power project in Botswana, it said on April 14.
Contracts have been awarded to Botswana-based Zismo Engineering for the construction of the overhead lines and to South Africa’s OptiPower for the construction of substations, the company said.
The first phase of the project will involve the construction of transmission lines, transformers, a grid connection, electricity generators and potentially the drilling of additional gas wells. The 100-km transmission line will run from the Lesedi coalbed methane (CBM) project to the town of Serowe, where it will connect to the ex
Tlou to Raise £2.6mn for Botswana Project
Sydney-listed Tlou Energy plans to undertake an equity placement of £2.6mn (US$3.6mn), it said on March 16. The placing will be conducted through a bookbuild process.
The funds raised will be mainly used by Tlou to construct a 66kV transmission line from its Lesedi coalbed methane-to-power project in Botswana to the existing electricity grid at Serowe, and for field operating costs and ancillary equipment.
The company said it plans to start work as soon as possible on the transmission line following the award of tenders for the construction of overhead transmission lines and sub-stations. The environmental and social impact assessment for the line has been completed as well as route alignment and associated surveys.
Tlou in Funding Talks with Botswanan Firm on CBM Project
Mar 1, 2021 9:00:am
Summary
by: Joe Murphy
London-listed Tlou Energy is in talks with a very reputable Botswana-based entity for financing for the Lesedi coalbed methane (CBM) .
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Total dues owed by electricity distribution companies to power producers rose nearly 24% to ₹1,36,966 crore in December 2020 compared to the same month a year ago, reflecting stress in the sector.
The distribution companies (discoms) owed a total of ₹1,10,660 crore to power generation firms in December 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).
The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms.
In December 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at ₹1,27,498 crore as against ₹97,835 crore in the year-ago period.