11 hours ago
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.
8 Dec 2020
Nigeria's Osogbo-based national electricity grid has failed electricity consumers more than 126 times since the nation’s power sector was privatised in 2013...
28 Oct 2020
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 ...
5 Aug 2020
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.