‘Government retaining equity stakes in GenCos, DisCos counter-productive’
The Chief Executive Officer of Century Power Generation Limited, Dr Chukwueloka Umeh has said the Federal Government’s retention of 60% equity stake in the power generation companies and 40% equity stake in the Distribution Companies ...
‘It is difficult investing in an unpredictable power sector environment’
The problem in Nigeria’s power sector is not rocket science, and if it's rocket science, you have rocket scientists that are able to deal with it. There's no reason why we shouldn't get it right.
Power sector probe: Senate Committee to present report soon - Suswam
Sen. Gabriel Suswam ,Chairman,Senate Committee on Power has said the committee will soon present its findings...
FG, GenCos may land in UK court over N13.2b electricity bill
The Nigerian Bulk Electricity Trading Plc (NBET) and the promoter of Omotosho and Olorunsogo power generation companies (GenCos), Sepco Pacific Energy Partners Limited, are at loggerheads over electricity invoices hovering around N13.2 billion.
‘DisCos, GenCos blackmailing government to bear costs of their inefficiency’
The plain assessment is that we have not achieved the strategic objective of the privatisation. I think it is better to talk about the over 16 years of the power sector reform.
GenCos loss N122.79b in five months to capacity challenges
Nothing less than N122.79 billion has been lost by Nigeria's power generation companies (GenCos) between January to May this year.
GenCos raise alarm over nation’s weak national grid
Electricity generation companies (GenCos) in Nigeria, have again raised an alarm over the epileptic performance of the nation’s national grid. Section 15.3.1 of the national grid code states that the Frequency shall be maintained at 50 Hz. This means that the National Control Centre, overseen by the Transmission Company of Nigeria (TCN), would control the…
NBET allegedly pays five GenCos N240b for ‘darkness’
The Nigerian Bulk Electricity Trading Plc (NBET) has in five years paid N240 billion to five power-generating companies (GenCos) for electricity not allegedly used by consumers.
DisCos and the tantrums of an ‘Abiku’ personified
From April 1, consumers in Nigeria should brace up to cough out more money to electricity Distribution Companies (DisCos) who have wangled another tariff hike, no thanks to an industry watchdog habitually pandering...