Greetings to all employees, customers, stakeholders, regulators and members of the community. This is Ibom power update for the first quarter of 2017.
We are glad to announce the resumption of our plant operation as Accugas restored gas to Ibom power plant on the 12th of February, 2017. We have since started adding an average of 105Megawatts daily to Nigeria’s total power generation.
Within this first quarter, the Nigerian power sector witnessed some significant occurrences; the most notable was that Ibom power and other power plants across the country increased power generation to over 4,000Megawatts.
Also within the quarter, Federal Government appointed an interim MD/CEO for the Transmission Company of Nigeria (TCN), the Commissioners of the Nigeria Electricity Regulatory Commission (NERC) were inaugurated while over N700bn Power Assurance Guarantee was approved for the Nigeria Bulk Electricity Trading Plc (NBET). It is our hope that subsequent decisions and actions will further mitigate the challenges in the Nigerian Electricity Supply Industry (NESI). Read More
Ibom Power Company (IPC) is one of the first independent power plants in Nigeria. IPC was incorporated on the 15th January 2001 by Akwa Ibom Investment and Industrial Promotion Council “AKIIPOC” under the Corporate Affairs Commission (CAC). Read More