INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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PARTS OF EDO, DELTA TO EXPERIENCE OUTAGE FOR 13 DAYS, SAYS TCN. (PHOTO).

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 Parts of Edo, Delta to experience outage for 13 days, says TCN


The Transmission Company of Nigeria (TCN) at the weekend said parts of Delta and Edo States are to experience outage for 13 days owing to the commencement of erection of two towers.

TCN also said the outage will be due to the restringing of the Benin-Delta and Delta-Oghara 132kV double circuit transmission lines.

Public Affairs, General Manager, Ndidi Mbah made this known in a statement.

She said: “The Transmission Company of Nigeria (TCN) hereby states that it will commence the erection of two (2) number 132kV transmission towers at its Amukpe Transmission Substation and will equally restring a portion of the Benin-Delta and Delta-Oghara 132kV double circuit transmission lines, from tomorrow, Saturday, May 4th to 17th, 2024.”

According to her, Amukpe substation will be out for the duration of the work.

She added bulk power supply to Benin DisCo through the following feeders: the ADEJE, INDUSTRIAL, WOODLAND, MOSOGAR, SAPELE (SAPELE) and ABRAKA feeders will be out of bulk power supply for the period.

The spokesperson noted that the outage is necessary to create a safe working environment for the contractor. Completion, of the projects will put in place N-1 redundancy that would enable TCN supply bulk electricity to the substation from either the Benin or Ughelli transmission line.

Mbah said this means that when one transmission line is faulty, bulk electricity can still be received in the substation from the second line.

She said TCN apologises for the inconvenience electricity consumers supplied from the substation will experience within the period, but notes that the projects will help ensure a more flexible and consistent bulk power supply through Athe Amukpe Transmission Substation.. 

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