Electricity consumers have described as miscalculation, a move to sell about five independent power plants in the country.
As Nigerians continued to worry about the continued exportation of electricity to neghbouring countries amid shortage in national supply, the Transmission Company of Nigeria (TCN) has stated that the deal provides avenue to earn more foreign exchange for national development.
Concerns emerged, yesterday, as the Nigerian Electricity Regulatory Commission (NERC) moves to enforce Power Purchase Agreement (PPA) between Nigerian Bulk Electricity Trading Company Plc ...
A great deal of political doublespeak has been going on about our national grid, the network of power stations, power-lines and electricity infrastructure that allows electricity to be generated, transported and used across the country.
Reports say the collapse occurred on Monday. The darkness had been creeping in for months, with authorities managing the sector seemingly dropping hints that it was on the way
Worsening foreign exchange crisis in Nigeria and ramping down of power generating machines, which have reportedly downed about 14 power plants, has pushed maintenance cost of electricity generation companies (GenCos) to about $4.78 billion.
Barely 24 hours after generating companies warned of idle capacity and mounting debts, Nigeria’s electricity grid, yesterday, plunged for the umpteenth time...
24 Dec 2021
Nigeria stands being thrown into darkness this festive season, as shortage of gas might force most generation companies to shut down.
15 Dec 2021
What we have in place today is a single-buyer market. Only the Nigerian Bulk Electricity Trading Company buys power. So, you have no option.
7 Nov 2021
Govt Support For Sector Hits N1.5trillion Stakeholders in the Nigerian power sector are unsettled on the need for the Central Bank of Nigeria (CBN) to continue its support for the sector after aiding the industry and preventing it from imminent collapse eight years after privatisation. Although privatised to run with funding from local and international…
3 Nov 2021
In what most industry players and consumer right groups, yesterday, described as payment for darkness, Nigerians, in the past eight years, have spent about N5.7 trillion on the supply of electricity as supply averages 4,000 megawatts...
3 Nov 2021
There has not been a good performance indicator on the DisCos and GenCos operations across the country. Since they scrambled for the partition of Power Holding Company of Nigeria (PHCN), the difficulties in accomplishing their task suggest that they may be facing some hurdles.