Enugu DISCO tarrif review to affect 600 firms, 1m jobs – MAN

Feb 18, 2015

The Manufacturers Association of Nigeria (MAN) has raised the alarm that no fewer than 600 companies in Enugu and Ebonyi states may fold up and over one million workers stand the risk of losing their jobs if Enugu Electricity Distribution Company (EEDC) implements the recent 94 percent hike in electricity tariff for companies in the South-East…

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Abuja Disco decries 100MW allocation loss

Feb 16, 2015

Abuja Electricity Distribution Company (AEDC) has decried the cut in its power allocation by 100 megawatts (mw), attributing it to the load shedding being experienced in its service area, Daily Trust reports. The media head, Ahmed Shekarau, in a statement yesterday, appealed for understanding from electricity customers in the Federal Capital Territory (FCT) over the…

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Power minister, TCN board allegedly clash over Manitoba

Feb 16, 2015

A row is allegedly brewing between the Minister of Power, Prof. Chinedu Nebo, and the Board of the Transmission Company of Nigeria (TCN) over a directive to sack the Manitoba Hydro International-appointed Managing Director of TCN, Mr. Mack Kast, for disobeying presidential orders, The Punch reports. The Presidency allegedly directed the removal of the Manitoba boss…

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10 more power firms get N39.5bn loan from CBN

Feb 12, 2015

Almost two weeks after the first tranche of N18.2bn was disbursed to five power firms by the Central Bank of Nigeria, another set of 10 power distribution and generation companies were on Wednesday given a loan of N39.52bn to boost their operations, The Punch reports. The amount, given at an interest rate of 10 per…

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FG looks to embedded generation, to purchase power from private producers

Feb 10, 2015

The Minister of Power, Prof Chinedu Nebo, in a statement on Monday, said the federal government was considering a fast way of resolving the lingering electricity supply shortage in the country through embedded power generation, The Punch reports. Nebo said that by purchasing electricity from private producers of embedded power, the government would stabilise and…

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Indigenous meter manufacturers seek 5% intervention fund

Feb 10, 2015

The Executive Secretary of Electricity Meters Manufacturers Association of Nigeria (EMMAN), Mr. Muideen Adebayo Ibrahim has called on the federal government to float a special intervention fund that will be accessible to the body’s members at five per cent interest rate, This Day reports. This was said in Lagos recently on the occasion of the inauguration…

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Discos suffer revenue losses due to metering Gap, vandalism

Feb 9, 2015

The Minister of Power, Prof. Chinedu Nebo has stated that vandalism of gas pipelines and inadequate metering of customers have forced the revenue that accrued to the various electricity distribution companies across the country to drop from N18 billion monthly before privatisation to N12 billion, This Day reports. Speaking at a recent regional workshop on…

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Benin Disco blames load-shedding on shortfall in supply

Feb 5, 2015

The Chief Corporate Service Officer, Benin Electricity Distribution Company (BEDC), Kunbi Labiyi has said the company received 240 Mega Watts (MW) from the national grid instead of about 900MW required by the company to serve its coverage areas-Edo, Delta, Ondo and Ekiti states, This Day reports. She said that this under-supply was responsible for the load…

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Transition Electricity Market finally kicks into gear

Feb 4, 2015

The Nigerian Electricity Supply Industry (NESI) on February 1, 2015, finally attained the much awaited Transition Stage Electricity Market (TEM), whereby wholesale buying and selling of electricity is based on contractual and regulatory rules, The Punch reports. This is pursuant to an Order of the Nigerian Electricity Regulatory Commission (NERC) directing all electricity market participants on the…

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50% of electricity consumers not yet metered – Nebo

Feb 3, 2015

The Minister for Power, Chinedu Nebo has revealed that about 50% of electricity consumers are yet to be adequately metered by the electricity distribution companies (Discos), The Guardian reports. This was disclosed at a regional workshop for distribution utilities, organized by the National Power Training Institute of Nigeria (NAPTIN) and the United States Energy Association…

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