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.
Rickety infrastructure, huge debt burden threaten power sector
Except prompt actions are taken, the country’s power sector may soon grind to a halt. No thanks to the over N1t debt owed power generating companies popularly known as GENCOs...
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…
GenCos back Fashola on declaration of eligible customers
The electricity Power Generation Companies (GenCos) have given their support to the Minister of Power, Works and Housing, Babatunde Fashola, for the declaration of eligible customers in the Nigeria Electricity Supply Industry (NESI).
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.
NBET pays N10.8b to Gencos for electricity delivered in July
Minister of Power, Works and Housing, Babatunde Fashola, had said that the Federal Executive Council (FEC) approved the payment of the verified sum of N27 billion of Ministries, Department and Agencies (MDA) debts.
Presidency withholds increase in electricity tariff
The MYTO is a methodology through which the NERC, which is the Federal Government agency charged with power sector regulations, determines the electricity tariff and effects reviews periodically.