Echotitbits – Nigeria News

Tag: Electricity Generation

  • Geregu Power Control Shifts as MA’AM Energy Takes Majority Stake

    Geregu Power Control Shifts as MA’AM Energy Takes Majority Stake

    2025-12-30 14:30:00

    According to Punch, MA’AM Energy has taken control of 77% of Geregu Power Plc following a restructuring that ends billionaire Femi Otedola’s indirect controlling interest.

    The report said the shift followed changes around the majority shareholder structure and noted the transaction was not presented as a direct share sale on the NGX.

    Geregu’s update cited in Punch said the transfer changes the controlling interest and sets up a new governance posture for one of Nigeria’s key listed generation assets.

    Premium Times reported the ownership shift and cited a source saying the deal “was valued at $750 million.” In the corporate update referenced by Punch, Geregu Power stated: “As a result of this transaction, the indirect controlling interest… has been transferred to MA’AM Energy Limited.”

    Echotitbits take: This is a strong signal that investors see real value in listed power assets. Watch for (1) capex commitments by the new controller, (2) governance changes, and (3) whether the move reshapes market expectations for other energy listings.

    Source: The Punch — December 30, 2025 (https://punchng.com/otedola-cedes-geregu-power-control-to-maam-energy/)

    The Punch 2025-12-30

    Photo Credit: The punch

  • Gas constraints squeeze power plants again, raising blackout fears nationwide

    Gas constraints squeeze power plants again, raising blackout fears nationwide

    Photo Credit: Punch
    2025-12-17

    Premium Times reports that the Nigerian Independent System Operator says electricity generation dipped after gas supply constraints linked to pipeline vandalisation reduced fuel availability to several plants.

    In parallel, Vanguard quotes Enugu Electricity Distribution Company attributing reduced supply across the South‑East to “low system frequency resulting from gas constraints” affecting generation companies.

    Together, the updates point to a familiar bottleneck: Nigeria’s grid remains highly sensitive to gas disruptions, so even a localized upstream incident can cascade into national load‑shedding and lower customer allocations.

    As the festive season drives higher demand, distribution companies are likely to continue issuing notices on reduced load allocation, while grid managers lean on hydro dispatch and contingency measures to keep frequency stable.

    Premium Times (NISO statement): “electricity generation on the national grid has dropped due to gas supply constraints arising from… gas pipeline vandalisation…”

    Vanguard (EEDC): EEDC blamed the drop on “low system frequency resulting from gas constraints affecting electricity generation companies.”

    Analysis/Echotitbits take: The short-term fix is operational (gas restoration + grid re-dispatch), but the longer game is investment and security for gas infrastructure. Watch for repair timelines, any further sabotage reports, and whether TCN publishes updated allocation figures.

    Source: Punch — December 17, 2025 — https://punchng.com/blackout-looms-as-gas-shortfall-hits-power-stations/