Nigeria to retain N32.4bn yearly on aircraft repairs

Nigeria is set to save $90 million dollars with the commencement of Aero Contractors Maintenance Repair and Overhaul (MRO) facility, given that the country operates no fewer than 40 Boeing aircraft, New Telegraph has learnt. Hadi Sirika disclosed this to this newspaper at the roll out of Aero Contractors 737-500 aircraft from the hangar after the successful completion of a C-Check. He said the capital flight narrative is about to change with the organisation’s initiative. A C-check is a detailed maintenance check where the entire component of an aircraft is…

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Fashola: DISCOs’ network deficiency hurts 2,000MW power distribution

About 2, 000 Mega Watt (MW) power currently available cannot be distributed due to limitation in the network of the distribution companies (Discos), Nigeria’s Minister of Power, Works and Housing, Babatunde Fashola, has said. He disclosed this in a document, saying that the government is putting together a policy position to help expand the distribution network of the DisCos. “I also use the opportunity to call out to manufacturers to let us know where they are, how much power they need, and how we can connect you because we have…

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NDPHC targets 7,000MW power distribution

The Niger Delta Power Holding Company (NDPHC) has surged its power distribution system target in 2018 to 7, 000 Mega Watt (MW). Managing Director, NDPHC, Engr Chiedu Ugbo, who declared this in a document,stated that the agency was working in collaboration with other stakeholders in the power sector to ensure that the Nigerian Electricity Supply Industry (NESI) has a distribution system capable of taking all the over 7, 000 mega watts of electricity currently being generated to consumers by 2018. The greatest challenge of the industry at present, the NDPHC…

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Nigeria loses N23bn to faulty Kaduna refinery’s lube unit

The loss by Nigeria to the neglect of Kaduna refinery’s lube breaking unit has hit N23 billion. The neglect of the all-important section clocked 23 years at the weekend. The abandoned facility, New Telegraph gathered, has also worsened the prices of base oil importation into the country.   The Kaduna refinery is the only facility in Nigeria built with capacity to break base/lube oil-the major ingredient for the production of lubricants.   Checks by this newspaper showed that the base oil cracking unit of the refinery first showed signs of…

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‘Intellectual development of youth necessary for sustainable growth’

  Leaders at all levels in the country have been called upon to pay attention to the intellectual development of the youth if the country must attain sustainable growth.   Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, gave this charge at a book launch in Abuja. Dr. Baru, who was the special guest at the public presentation of the book entitled: “Preferred Above My Peers” written by Mrs. Betty Amechi Anekwe- Ugona, Executive Director, Storage, Nigerian Pipelines and Storage Company (NPSC), a subsidiary of…

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Mixed grill for peak power generation

  Although Nigeria, at the weekend, hit a new power generation peak of 5,895 Mega Watt (MW), about 2000mw of the feat will not translate to power supply for millions of Nigerians. ADEOLA YUSUF reports   Power generation, on Friday, December 15, peaked at 5895 Mega Watts (MW), highest level in Nigeria’s history. While some Nigerians were basked in euphoria over the good news, the Minister of Power, Works and Housing, Babatunde Raji Fashola, declared that about 2, 000 MW of the generation was still idle. Checks, however, showed that…

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USADF, partner in $3m off grid energy investment deal for Nigeria

The U.S. African Development Foundation (USADF) and partner, All On, at the weekend, announced the creation of a $3 million partnership with the goal of expanding access to energy for underserved and unserved markets in Nigeria. Over the next three years, both parties will jointly provide funding for up to 30 Nigerian small and medium enterprises that improve energy access through off-grid energy solutions spanning solar, wind, hydro, biomass and gas technologies. USADF will provide grant funding to the selected companies while All On will provide an equal amount of…

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