NERC to unbundle TCN into 2 firms

Jul 13, 2020

The Nigerian Electricity Regulatory Commission (NERC) has initiated processes to split the Transmission Company of Nigeria (TCN) into two firms, five years after such an attempt was made but botched. In a consultation paper titled, NERC/CP/2020/01, NERC called on stakeholders to turn in comments within one month (August 5, 2020), on the procedure for splitting…

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FG orders power contractors back to project sites

Jul 13, 2020

The Federal Government has ordered all contractors handling power projects across the country to return back to their various sites following the gradual relaxation of the COVID-19 lockdown. The Minister of Power, Sale Mamman, gave the order while inspecting the newly completed 2X60MVA 132/33KV substation in Gagarawa, Jigawa State, constructed by the Transmission Company of…

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DisCos say minimum remittance order, capping of estimated bills have worsened losses

Jul 12, 2020

Power distribution companies (DisCos) in Nigeria have said there is a need for the current minimum remittance order by the Nigerian Electricity Regulatory Commission (NERC) to be relaxed to ensure the gains of power sector reforms are sustained. Speaking on behalf of the DisCos during a public hearing by the House of Representatives Committee on…

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Ibadan DisCo advises customers on safety in rainy season

Jul 12, 2020

Ibadan Electricity Distribution Company (IBEDC) Plc, Thursday implored its esteemed customers and the public to be very cautious around electrical installations within its network as the rainy season begins to gather momentum. The Chief Operating Officer of the company, Engr. John Ayodele, said that the rainy seasons often witness the highest levels of incidents within…

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Market constraints, estimated billing, debts top DisCos’ concerns over new electricity tariff

Jul 11, 2020

Implementing a cap on estimated billing when about 60 percent of customers have no meters and ordering a tariff increase when their books are filled with debts are some of the major concerns underlying DisCos’ request to postpone the tariffs to next year. In a letter to the Nigerian Electricity Regulatory Commission (NERC) dated June…

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DisCos urge FG to fund planned meter rollout before 2024 deadline

Jul 10, 2020

As part of measures to implement the proposed Service Reflective Tariff (SRT), power distribution companies (DisCos), yesterday, asked the Federal Government to fund the rollout of meters to close the six million gap before 2024 deadline. Speaking on behalf of the DisCos at the House of Representatives public hearing on the power sector in Abuja,…

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Nigerian electricity customers grow by 75,000 monthly – AEDC boss

Jul 10, 2020

Every month, an average rate of 75,000 new customers is added to the Nigeria Electricity Supply Industry (NESI) Ernest Mupwaya, the Managing Director of Abuja Electricity Distribution Company (AEDC), has disclosed. Mupwaya, who disclosed while speaking on behalf of the DisCos at the House of Representatives public hearing on the power sector on Thursday, said…

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Reps, BPE differ over Gencos, Discos’ power sector performance

Jul 10, 2020

The House of Representatives and the Bureau of Public Enterprises have differed on the performance of generation and distribution companies after the privatisation of the power sector by the Federal Government. While the BPE said the privatisation and unbundling of the defunct Power Holding Company of Nigeria, formerly the National Electric Power Authority, had yielded…

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11 DISCOs recorded N1.7 trn deficit on tariffs – NERC

Jul 9, 2020

The Chairman of the Nigerian Electricity Regulatory Commission (NERC), Prof. James Momoh wednesday disclosed that 11 electricity distribution companies (Discos) have recorded N1.736 trillion deficit in tariffs. Momoh made the disclosure during the investigative hearing into the privatisation of power assets held at the instance of the House of Representatives Ad-hoc Committee chaired by the…

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‘Over-regulation of Nigeria’s power sector counter-productive’ – Century Power CEO

Jul 9, 2020

The Chief Executive Officer (CEO), of a power generating company, Century Power Generation Limited, Dr. Chukwueloka Umeh, has commended the Federal Government’s efforts so far to deregulate the power sector He appealed to the government to urgently do more to help check the alarming growth in unemployment rate in the country. He maintained that once…

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