Business
FG, NDPHC, States Partner On 4000MW Electricity Distribution
The Federal Government, Niger Delta Power Holding Company, Lagos, Ogun and Oyo States have agreed on a bilateral trade to distribute 4,000 megawatts electricity to the extensive industrial and business clusters in Agbara and throughout Nigeria.
This was revealed at the ‘Light Up Nigeria Programme: Agbara Business Rountable’ in Lagos last Thursday.
While speaking at the event, the Managing Director and Chief Executive Officer, NDPHC, Chiedu Ugbo, explained that the primary objective of the initiative was to ensure a consistent, reliable, and cost-effective supply of electricity generated from its power plants.
NDPHC is a government-owned company responsible for implementing the National Integrated Power Project, which aims to enhance electricity generation with associated electricity transmission and distribution infrastructure.
Ugbo said, “To date, NDPHC has successfully constructed eight power plants with a combined capacity of approximately 4000 MW, as well as various transmission and distribution infrastructure.
“However, a significant portion of this capacity remains stranded due to constraints within the transmission and distribution system, distribution losses, gas limitations, and the financial burden on the Federal Government’s balance sheet through NBET, the FGN-owned primary bulk purchaser of electricity that on-sells to electricity distribution companies in Nigeria”.
With the evolving regulatory framework of the Nigerian Electricity Supply Industry, and the declaration of Eligible Customers, NDPHC said it had identified opportunities to revolutionise the industry through end-to-end solutions that increased electricity access for Nigerian homes and businesses and reduce the financial burden on FG’s balance sheet.
On his part, Vice President Kashim Shettima, who is also the Chairman, Board of Directors, NDPHC, gave the company a six-month order to distribute the stranded electricity to interested customers across the country.
According to him, the launch of the strategic collaboration between Niger Delta Power Holding Company Limited, and its key partners was for the design, development, and operation of projects to supply dedicated, steady, and quality power to major industrial and commercial clusters in Nigeria. This echoed President Bola Tinubu’s pledge to reinvigorate the nation’s infrastructure framework.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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