Fashola’s gaffe over poor electricity
Minister of Works, Power and Housing, Mr. Babatunde Fashola’s outburst blaming the private sector operators the other day over the intractable poor power supply may have put paid to any glimmer of hope of a turnaround in the sector. What a great disappointment from a government that has been raising hope of people, in this…
GenCos plan shutdown over N701 billion intervention fund
Nigeria's power generation companies are at the verge of shutting down as government fails to provide a N701 billion intervention fund earlier approved by the Federal Executive Council (FEC) to ease liquidity crisis in the sector. Indeed, while some gas companies, including Total, already denied operators gas over inability to pay, Executive Secretary, Association of…
Union serves notice to challenge illegal extension of DisCos, GenCos
The National Union of Electricity Employees (NUEE), has called on the Federal Government not to renew the licences of privatised electricity Distribution Companies (DisCos), and Generation Companies (GenCos), by December 31, 2019...
Liquidity crisis persists despite N701bn power sector intervention fund
Despite approval by the Federal Executive Council (FEC), for a N701-billion Central Bank of Nigeria (CBN) facility to ameliorate liquidity crisis in the power sector, funding challenges remain a big issue.
NACCIMA harps on improved power, infrastructure for manufacturers’ competitiveness
The National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has urged the Federal Government to address issues of infrastructure...
Ogaji: Power sector grinding to a halt due to debts
About 3, 000 megawatt (mw) is idling away while the Transmission Company of Nigeria (TCN) and distribution companies (Discos) are bandying words.
GenCos receive payments of 80 per cent invoices, says NDPHC boss
Managing Director of the Niger Delta Power Holding Company (NDPHC), Joseph Chiedu Ugbo, yesterday hinted that the power sector has witnessed improvement in its takings. He said the N701 billion power purchase guarantee fund approved by the Federal Government has facilitated payment of about 80 per cent of invoices of Power Generation Companies (GenCos). He…
NERC to unfold guidelines for consumers to buy electricity from GenCos
Barely six months after the declaration of four categories of eligible customers in the Nigeria Electricity Supply Industry (NESI), the Nigeria Electricity Regulatory Commission (NERC), is today (Monday), expected to unfold the regulatory and operational guidelines for the eligibility operations.
Why United Capital is passionate about Nigeria’s power sector, by Akinremi
As a first step, both the private sector and the public sector will need to have an alignment of interests being the development of the economy as a whole whilst ensuring the financial viability of the employed strategy.