PH Disco hires 355 energy theft ‘detectives’ to boost revenue

Jun 26, 2020

As revenue loss through energy theft and vandalism hits N3Bn per month, the Port Harcourt Electricity Distribution Company (PHED) has hired and released 300 anti-energy theft agents in its area of coverage to track energy thieves and bring back every kobo sent out as bills. Management fears energy theft may cripple the sector sooner than…

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Abuja Disco increases electricity tariff

Jun 26, 2020

The Abuja Electricity Distribution Company has increased electricity tariff which will be effective from Wednesday July 1st, 2020. The company made this known via its twitter handle @aedcelectricity. “In this new tariff, there will be a marginal increase in the cost of electricity per kwhbut is not ALL CUSTOMERS that will be immediately affected. “The…

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Nigeria’s power sector shortfall hits N1.5t – DisCos

Jun 26, 2020

Electricity Distribution Companies (DisCos) have said the power sector shortfall has hit N1.5trillion, resulting in different unfavourable conditions. They said they have lost over N30 billion of their monthly revenue due to cases of energy theft, meter bypass, vandalism and unpaid electricity bills by consumers. The DisCos disclosed this in a statement by the Association…

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6 million households await meters as DisCos prepare for new electricity tariff

Jun 26, 2020

Despite unmet metering gaps to over six million customers/households, some electricity Distribution Companies (DisCos) have begun to inform customers that tariff will rise from July 1, following approval from the regulator and the Nigerian Government. With over six million Nigerian households still facing estimated billing, according to the latest data from the Nigerian Electricity Regulatory…

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Ibadan Disco to begin implementation of new tariff July 1st

Jun 25, 2020

The Ibadan Electricity Distribution Company (IBEDC) Plc will be implementing a tariff review beginning from the 1st of July 2020 as part of efforts to deliver excellent services to its customers. The Chief Operating Officer, Engineer John Ayodele, who revealed this on Thursday, explained that the objective of the review is to ensure that IBEDC…

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Lagos State Govt begins process to review electricity law

Jun 25, 2020

The Lagos State Ministry of Energy & Mineral Resources has commenced the process of reviewing the electricity law with the view to developing sustainable energy strategies and policies to promote an enabling environment that will attract investments. Mr. Olalere Odusote, Commissioner, Ministry of Energy & Mineral Resources, in a statement noted that electricity regulation is…

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Transcorp Power, Geregu Power meet privatisation performance target

Jun 25, 2020

The Senate Committee on Power has disclosed that only two out of the six privatised power generating companies (Gencos) have met the performance targets set by the Bureau of Public Enterprises (BPE) Specifically, the Chairman of the Committee, Senator Gabriel Suswan, who disclosed this at the just concluded three=day investigative hearing on the power sector…

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NBET owes power stations ₦120bn in 3 months

Jun 24, 2020

The Nigeria Bulk Electricity Trading Plc failed to pay 25 power producers a total of N119.55bn in the first three months of this year for the electricity produced and fed into the national grid. The government-owned NBET buys electricity in bulk from power generation companies through Power Purchase Agreements and sells through vesting contracts to…

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World Bank approves $750m for Nigeria’s power sector recovery

Jun 24, 2020

The World Bank has approved a 750 million dollars International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply. The Bank, in a statement in Abuja on Wednesday, said that the target was to also achieve financial and fiscal sustainability and enhance accountability in Nigeria’s power sector. It explained…

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Contractor says Nasarawa electric substation near completion

Jun 23, 2020

An official of AK-AY Elektrik, the contractor handling the project, Engineer Samson Johnson, has confirmed that the Akurba power substation is at 98 percent completion level. He made the disclosure when Nasarawa State Governor, Abdullahi Sule, visited the power substation, sited at the outskirts of Lafia, the state capital, on Monday. According to him, “technically…

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