‘Cost-reflective tariff, deregulation will boost DisCos’ – MD Century Power

Aug 6, 2020

To resolve the country’s power crisis, the Federal Government should fast-track the total deregulation of the power sector to motivate investors into all parts of it to guarantee quality power supply to consumers. The Managing Director/Chief Executive Officer, Century Power Generation Limited, Dr. Chukwueloka Umeh, stated this at a virtual media meeting, themed: “The dilemma…

Read More

MYTO responsible for epileptic power supply, remains ineffective – Centre

Aug 6, 2020

The Centre for Economic Policy and Development Research, Wednesday called on the Federal Government to immediately scrap the MYTO, stating that it is ineffective and responsible for the epileptic power supply in the country. In its July 2020 policy brief, the CEPDeR, which is embedded in Covenant University, Ota, declared that the (MYTO) should be…

Read More

Discos project N170bn in losses over Gencos’ poor capacity

Aug 5, 2020

Electricity distribution companies (Discos) in Nigeria have predicted an N170 billion tariff shortfall in 2020 due to the deteriorating capacity of generation companies (Gencos) to meet projected generation obligations. The Discos maintained that the energy sent out by the generation companies continues to fall below expectations, noting that if the situation persists throughout the year,…

Read More

BEDC Disco to improve power supply in Edo town and its environs

Aug 4, 2020

In attempt to significantly improve power supply to Igarra town and other communities in Akoko Edo LGA of Edo State, BEDC has finalized the design, and at the stage of awarding contract for the construction of a 33KV line from Okpella to Igarra. The project once completed, it was gathered, will change the source of…

Read More

Azura deal only power agreement that works – MD

Aug 4, 2020

Following the criticisms that have trailed the Azura-Edo Independent Power Project, (IPP), the Managing Director of Azura Azura Power West Africa Limited, Edo, Mr. Edu Okeke has described criticisms of the only power agreement that works as ironic and funny. Speaking yesterday on ARISE News Channel, the sister broadcast arm of THISDAY Newspapers, Okeke expressed…

Read More

Nigeria’s power Gencos reject Discos’ demand for sector-wide forensic audit

Aug 4, 2020

Power generation companies (Gencos) Monday faulted the demand by electricity distribution companies (Discos) for an all-inclusive forensic audit of the power sector. The Gencos explained that the Discos were the only revenue-receiving arm of the sector and as such could not request that other players be audited. They spoke through their trade association – the…

Read More

Nigeria’s electricity grid records 5377MW peak generation

Aug 4, 2020

The Nigerian power grid rose to 5,377 megawatts (MW) peak power generation on Saturday night, a feat attained 18 months after the previous record. The Transmission Company of Nigeria (TCN) disclosed this on Monday. It said the enhanced record occurred at 9.30pm on Saturday. On February 7, 2019, the national power grid reached 5,375MW peak…

Read More

Heavy power consumers set to pay exit fees as NERC releases new rules

Aug 3, 2020

NERC at the weekend released guidelines for heavy electricity consumers who wish to exit the services of Distribution Companies (Discos) to get supply directly from the Generation Companies (Gencos). Signed by the Chairman of the commission, Prof. James Momoh, and Commissioner for Legal, Licensing and Compliance, Dr. Dafe Akpeneye, NERC said the new guide for…

Read More

Discos provide conditions to accept FG, World Bank forensic audit

Aug 3, 2020

Ten out of the 11 electricity distribution companies (Discos) in Nigeria’s power sector have said that they will take part in a planned forensic audit of their operational activities by the federal government through the Nigerian Electricity Regulatory Commission (NERC) and the World Bank if certain conditions are guaranteed to them. This is coming as…

Read More

Siemens to train Nigerian DISCOs, stakeholders

Aug 3, 2020

German multinational conglomerate company, Siemens, has concluded plans to train electricity Distribution Companies and other electricity stakeholders in the country. Siemens in a statement on Thursday stated that 11 DISCOs, Transmission Company of Nigeria (TCN), and regulators would be trained on all the equipment and software being provided in phase 1. According to the company,…

Read More