Power distribution firms ask FG to provide N400bn for metering

Jul 16, 2020

The power distribution companies in the country have called on the Federal Government to provide N400bn through commercial banks towards bridging the huge metering gap in the Nigerian electricity supply industry. The Discos said the implementation of the Meter Asset Provider scheme had met significant challenges including lack of financing and increased import duty on…

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NERC releases list of approved meter asset providers

Jul 16, 2020

The Nigerian Electricity Regulatory Commission has released a list of approved Meter Asset Providers that are qualified to operate and supply meters across the country. In March 2018, the NERC declared that power distribution companies did not have the sole responsibility of providing meters to electricity consumers anymore. It then announced the introduction of MAPs,…

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Court prevents BPE, NERC, others from sale of Jos Disco shares

Jul 16, 2020

A Federal High Court in Abuja, has stopped the Bureau of Public Enterprises (BPE), the Nigerian Electricity Regulatory Commission (NERC), Scams Energy Limited and four others from taking any further steps in relation to the alleged plan to sell some shares of the Jos Electricity Distribution Company (JEDC). Also to be affected by the court’s…

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Electricity consumers in Apapa face supply disruption due to problematic transformer

Jul 15, 2020

Electricity consumers in the port city of Apapa in the heart of Lagos, Nigeria’s commercial capital, and its environs will suffer power supply disruption for some time to come as the 30 MVA transformer at the 132/33kv transmission substation which services the area has packed up. A new source of supply is being looked for…

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US partners with Lagos State on electrification development

Jul 15, 2020

The Lagos State Government and United States Agency for International Development (USAID) Power Africa Nigeria Power Sector Program (PA-NPSP) have signed a letter of Cooperation to develop electrification plan for Lagos. The agreement was reached on Tuesday during a virtual signing event when the representatives of the Lagos State Government and the U.S. Agency for…

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Bichi power sub-station to be catalyst for economic recovery in Kano – Governor

Jul 14, 2020

Governor Abdullahi Umar Ganduje of Kano state has said the installation of Bichi power sub-station by the Transmission Company of Nigeria (TCN) will trigger post COVID- 19 economic recovery. Ganduje said, “the project will facilitate steady power supply to seven local government areas in the vicinity of Bichi local government area, thus reviving economic activities…

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Eko Disco warns customers against patronizing fake meter providers

Jul 14, 2020

The management of Eko Electricity Distribution Company (EKEDC), has warned customers within its networks against patronising fake Meter Asset Providers (MAPs), for installation of prepaid meters in their residences. Mr Godwin Idemudia, the General Manager, Corporate Communications Unit, EKEDC, gave the warning in a statement in Lagos. Idemidia said that it had come to the…

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NASS, NERC to partner on legal framework to protect investment in Nigeria’s power sector

Jul 14, 2020

The National Assembly (NASS) says it is working with the Nigerian Electricity Regulatory Commission (NERC) to put in place a legal framework that will protect investment in the power sector. Sen. Gabriel Suswan, Chairman, Senate Committee on Power, stated this in Abuja on Monday when he led members of the committee on an oversight visit…

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High Court nullifies NERC’s order removing Ibadan DisCo board

Jul 13, 2020

A Federal High Court in Ibadan has in a landmark decision in the case of Ibadan Electricity Distribution Company Plc vs the Nigerian Electricity Regulatory Commission (NERC) set aside NERC’s order removing the board of directors of Ibadan DisCo. In agreeing with the submissions of Olaniwun Ajayi LP (who represented Ibadan DisCo and its directors),…

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Oil, power firms owe Nigerian banks N5.59tn – CBN

Jul 13, 2020

Energy firms in the country owe Nigerian banks a total of N5.59tn, the sectoral analysis of banks’ credit by the Central Bank of Nigeria has revealed. The N5.59tn represents 30 per cent of the N18.63tn loans advanced to the private sector by the banks as of May 2020. Oil and gas firms, which received the…

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