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…
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...
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.
There are indications that the Federal Government may, in the coming weeks, take punitive measure over the operating licences of some power distribution (DisCos) and generation (GenCos) companies.
The Federal Government has supported the supply of electricity in the country with about N1.3 trillion as the Distribution Companies remitted N26.8 billion in June this year.
These are indeed difficult and dangerous times for Nigerians. It would be out of place for anyone to envy Nigerians for whatever reason in these perilious times.
Electricity generating companies ((GenCos) in Nigeria are planning to export more electricity to the West African bloc as hope rises for a 330 KV transmission project.
Stakeholders in the electricity sector, yesterday, said the Federal Government’s intervention in the power sector, especially efforts being made to address challenges...
The Nigeria Electricity Regulation Company (NERC), has warned the Association of Power Generation Companies (APGC), against what it described as consistent acts of disrespect.
Electricity Generation Companies in the country (GenCos) have said Nigeria can generate 30,000 megawatts of electricity, meeting an earlier target set by the Federal Government.
Despite the intervention of Central Bank of Nigeria (CBN) and Nigerian Electricity Regulatory Commission (NERC) to address the liquidity crisis rocking Nigeria’s electricity market, the sector continues to struggle under heavy debt.
23 Dec 2020
Power generation companies (GenCos) have forecast a gloomy future for power, saying there is no clear policy to enhance the performance of the sector in the coming year.