Power

NERC commences fresh review of electricity tariff for TCN, 11 Discos

Oct 3, 2019

The Nigerian Electricity Regulatory Commission (NERC) has issued a notice on its intent to start a fresh extraordinary tariff review for the Transmission Company of Nigeria (TCN) and the 11 Distribution Companies (DisCos). In the notice published this week, the commission asked for comments from members of the public within 21 days to be considered…

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Ikeja Electric to invest N105bn in power network

Oct 3, 2019

Ikeja Electricity Distribution Company plans to invest N105bn in its network in the next five years; figures released by the Nigerian Electricity Regulatory Commission on Wednesday have shown. In its draft Performance Improvement Plan submitted to the NERC, it was observed that Ikeja Disco also plans to reduce its Average Technical Commercial and Collection losses…

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FG promises Discos more favourable policies

Oct 2, 2019

The federal government has said it will initiate new policies to help electricity distribution companies (Discos) improve on their tariff collection levels. It also promised to consistently provide them with cost-reflective electricity tariff to enable the sector to operate. Speaking recently at a power sector roundtable organised by the Mainstream Energy Solutions, operators of the…

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TCN to implement more projects with N600bn loans

Oct 2, 2019

The Managing Director of the Transmission Company of Nigeria (TCN), Mr. Usman Gur Mohammed, has said the company has been reformed to execute huge power projects with capacity to offset the $1.66 billion (about N600.4 billion) loans it is getting from multilateral donor agencies. Mr. Mohammed who disclosed this on Friday at a TCN and…

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Buhari says Nigerians will have uninterrupted power supply soon

Oct 2, 2019

President Muhammadu Buhari has promised Nigerians they’ll enjoy affordable and uninterrupted electricity supply in the not-too-distant future. Nigeria has failed for decades to adequately supply electricity to its estimated population of 200 million people. However, while delivering his Independence Day address on Tuesday, October 1, 2019, President Buhari said his government is committed towards reforming the power…

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Nigeria’s power supply suffers steady decline as key operators bicker

Oct 2, 2019

Nigeria’s power supply has remained on a steady decline over the last three months- July, August and September- with an average daily supply falling to 3,473 megawatts (MW) in September, according to an operational report from the Office of the Vice President, Prof. Yemi Osinbajo. As key operators in the power sector engaged in recriminations…

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BEDC set to roll out 190,000 meters in 2 years

Oct 1, 2019

As part of efforts to curb wrong and estimated billing, the Benin Electricity Distribution Company (BEDC) said it is rolling out 190,000 meters for its customers in Edo state in the next two years. BEDC Executive Director, Commercial, Abu Ejoor, disclosed this in Benin during the media launch of Edo state Meter Asset Provider (MAP)…

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Discos refute claims of owing FG tax arrears

Oct 1, 2019

The power distribution companies (Discos) in Nigeria have denied owing arrears of taxes to the federal government since the power privatisation exercise ended in 2013. Their trade association – the Association of Nigerian Electricity Distributors (ANED), stressed that the power investors were not indebted to the government through taxes in a statement in response to…

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Nigeria’s power sector liquidity crisis worsens

Sep 30, 2019

The liquidity crisis rocking the power industry in Nigeria has worsened, as the N435.7 billion revenue under-recovery in the value chain hunts the sector. Investors in the distribution stratum of the chain, who unanimously said this last weekend, maintained that the investment deficit being suffered by the sector was buoyed by the ceiling slammed on…

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FG announces new plans for 215MW Kaduna power plant

Sep 30, 2019

The Federal Government at the weekend announced fresh plans to restream the 215MW Kaduna power plant. Minister of State for Power, Mr. Goddy Jeddy Agba, stated this during a facility tour of Greenville LNG Plant and Dufil Prima Foods in Port Harcourt, Rivers State. Agba disclosed that the government was ready to partner with Greenville to…

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