Power generation companies under the aegis of the Association of Power Generation Companies have urged the Federal Government to extend its proposed N3.6tn power subsidy payment plan beyond 2028, warning that the electricity sector’s liquidity crisis cannot be resolved within three years. The Chief Executive Officer of APGC, Joy Ogaji, made the call while reacting...
Category: Power
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ECG Reaffirms Commitment to Cash Waterfall Mechanism to Stabilise Power Supply
The Electricity Company of Ghana (ECG) has reiterated its commitment to strict adherence to the Cash Waterfall Mechanism as part of efforts to ensure a stable and uninterrupted electricity supply nationwide. Mr Kwame KpekpenaMr Kwame Kpekpena, Acting Managing Director of ECG, described the Cash Waterfall Mechanism as a transparent and equitable revenue distribution system designed...
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NEDCo Manager unhappy about infiltration of fake electricity meters
The Sunyani Area Manager of the Northern Electricity Distribution Company (NEDCo), Mr Eugene Odoi Addo, has expressed concern about the influx and use of fake electricity meters. He said the situation remained worrying, saying that it was detrimental to NEDCo’s operations, causing significant losses to the nation. Mr Addo raised the concern at a programme...
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Nigeria records second grid collapse in four days
Nigeria’s electricity grid collapsed Tuesday morning, plunging Africa’s most populous nation into darkness for the first time in 2026 and reviving questions about the country’s chronically unstable power infrastructure. This development marks the second time Nigeria would be plunged into darkness in the new year, after recording its first grid collapse on January 23.The national...
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Mixed reactions greet state-owned power plant initiative
By Kizito CUDJOEGovernment’s plan to build a 1,200-megawatt (MW) state-owned thermal power plant has drawn cautious approval from independent power producers, even as energy policy think-tanks warn that long-standing structural and climate risks could undermine the project’s viability if left unaddressed. Announced by the Finance Minister in the 2026 Budget Statement and Economic Policy, the...
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PUWU blames ECG’s poor performance on political appointments
The Public Utility Workers’ Union (PUWU) of the Trades Union Congress (TUC) in the Ashanti Region has attributed the poor performance of the Electricity Company of Ghana (ECG) to the government’s practice of appointing the Managing Director and assigning key performance indicators (KPIs), even when such appointees fail to deliver. According to the Union, this...
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IPGs Applaud Government for Settling Legacy Power Sector Arrears
The Independent Power Generators (IPGs) of Ghana have formally commended the Government of Ghana for settling a significant portion of the long-standing arrears owed to power generation companies in the country.In a statement, the IPGs acknowledged the efforts of the Ministry of Finance and the Ministry of Energy and Green Transition, describing the payments—made in...
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Final unit at Bilibino Nuclear Power Plant permanently shut down
The last of the three operable units at the Bilibino Nuclear Power Plant in Chukotka, Russia, was permanently shut down on 30 December.Bilibino Nuclear Power Plant, in Russia’s Arctic north east, has been operating for 51 years in the permafrost zone, with its reactors operating for a combined 190 reactor-years, generating 11.6 billion kWh of...
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China begins construction of two new nuclear power units
First concrete has been poured for the nuclear islands of unit 1 of the Bailong nuclear power plant in China’s Guangxi Zhuang Autonomous Region and of unit 2 at the Lufeng plant in Guangdong province, marking the official start of construction of the two CAP1000 reactors. The construction of Phase I (units 1 and 2)...
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Public Ownership Won’t Cure Power Market Volatility
There are at least two places, San Francisco and the mid-Hudson Valley in New York, where political activistss are currently advocating for a public takeover of the local investor-owned utility. Pacific Gas and Electric is owned by utility holding company PG&E Corporation and the service territory of the former Central Hudson Gas & Electric Company...