How lack of tariff review costs power sector N1.4tr, by DisCos
Federal Government’s inability to periodically review power sector’s Multi Year Tariff Order (MYTO) has resulted to a loss of over N1.4 trillion.
Government owes generation companies N701b in two years
About N701 billion invoices submitted by the electricity generation companies (GenCos) between the last quarter of 2016 and third quarter of 2018 is yet to be settled by the Nigerian Bulk Electricity Trading (NBET). NBET, managed by Dr. Marilyn Amobi, was set up in 2010 as the administrator of the country’s electricity pool. It buys…
ANED says it has right to protect Discos
The Association of Nigerian Electricity Distributors (ANED) has told the Nigerian Electricity Regulatory Commission (NERC) it has legal backing to protect interests of the Distribution Companies (DisCos).
DisCos flay TCN’s N72 billion investment in networks
Electricity distribution companies (DisCos) have frowned at a N72 billion investment by the Transmission Company of Nigeria (TCN) in the networks without recourse to the managers.
As DISCOs throw in the towel
Keen observers and genuine opponents of privatisation of the power sector must be giggling at the recent turn of events. Core investors of Electricity Distribution Companies...
ANED attributes power sector challenges to liquidity crisis
The Association of Nigerian Electricity Distributors (ANED), has said that until the liquidity crisis is sorted, Nigerians cannot enjoy uninterrupted power in the next five years.
Tougher times await DISCOs, experts predict
Industry experts have predicted tougher times for the nation’s electricity distribution companies (Discos), contending that the problem was not just about huge financial shortfall...
Akinpelu: We need to come clean on generation, transmission capacities
Technical Specialist, Association of Nigerian Electricity Distributors (ANED), Mr. Akin Akinpelu, in this interview with ROSELINE OKERE, Assistant Editor, Energy and Solid Minerals...