GENCOs
11 Jun
The liquidity crisis in the Nigerian power sector has worsened with generation companies (GenCos) receiving 4.68 per of their monthly i
6 Jun
Stakeholders in the electricity sector insisted that manufacturers, who have investments in constructing transmission and distribution infrastructure, will be the worst losers if the Nigerian Electricity Regulatory Commission (NERC) enforces its new Eligible Customer Policy.
6 Jun
The financial crisis facing Nigerian Electricity Supply Industry (NESI) has worsened following the payment of a paltry 4.68 per cent of invoices sent in by power Generation Companies (GenCos) for power supplied to the national grid in March 2024.
2 Jun
The Power Generation Companies (GenCos), have appealed to the Federal Government to settle electricity debts owned them for electricity generation to enable them remain in business.
28 May
The epileptic power supply in the country has been attributed to the inability of the Electricity Trading PLC (NBET) to settle over N2 trillion owed to power generation companies (Gencos).
30 Apr
About eight million Nigerians currently being billed arbitrarily by distribution companies (DisCos) may eventually get metered but at a higher price as the Nigerian Electricity Regulatory Commission (NERC) yesterday halted price control of the asset.
21 Apr
Over 11.5 million electricity households and customers in Nigeria, who account for about 85 per cent of grid-connected electricity, have been thrown into darkness as the electricity supply industry moves to implement at least 20-hour power supply to some customers.
16 Apr
The electricity crisis in Nigeria has defied various attempts at solving the problem and giving Nigerians the benefits of enjoying stable electricity and a good quality of life for more than half a century. It is no secret that the nation’s power infrastructures were abandoned for several decades, by successive governments notwithstanding the exponential growth…
23 Mar
The passage of the Electricity Act 2023, followed by its amendment via the 2024 Amendment Bill, signifies significant progress in the Nigerian Electricity Supply Industry (NESI).
11 Mar
The Management of Ibadan Electricity Distribution Company (IBEDC) has lamented vandalism and theft of electricity infrastructure in its franchise areas.
7 Mar
Nigeria's 11 electricity Distribution Companies (DisCos) and Generation Companies (GenCos) may face licence revocation over poor power supply, Minister of Power, Adebayo Adelabu, has threatened yesterday.
28 Feb
The passage of the new Electricity Bill by President Bola Tinubu requiring generation companies to pay five per cent of their yearly operating expenses for the previous year to fund host communities’ development has started generating mixed reactions.
Latest
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The festering political crisis rocking Rivers State may not end anytime soon going by the several court orders and rulings. Barely two days after the Federal High Court in Abuja directed the Peoples Democratic Party (PDP) in Rivers State to proceed with the conduct of its ward, local government and state congresses, Justice Charles Wali…
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