FG, GenCos may land in UK court over N13.2b electricity bill
The Nigerian Bulk Electricity Trading Plc (NBET) and the promoter of Omotosho and Olorunsogo power generation companies (GenCos), Sepco Pacific Energy Partners Limited, are at loggerheads over electricity invoices hovering around N13.2 billion.
FG appoints Eweluka as MD of NBET
The Federal Government has announced the appointment of Mr Nnaemeka Eweluka as the Managing Director/Chief Executive Officer (CEO) of the Nigerian Bulk Electricity Trading (NBET).
Criticisms trail NBET’s board structure, movement to finance ministry
Some stakeholders in the nation’s power sector have expressed divergent opinion over the constitution of the new board of the Nigeria Bulk Electricity Trading Company as well as the movement of the agency
Buhari’s leadership style stifling development, PDP alleges
The Peoples Democratic Party (PDP) yesterday claimed that “the manifest incompetence of the Buhari presidency as well as President Muhammadu Buhari’s lack...
‘Why subsidy in power sector is unsustainable’
Federal Government’s continuous subsidy for electricity consumption in Nigeria is unsustainable, Managing Director, Abuja Electricity Distribution Company (AEDC)
‘Banking on tariff increase to improve power sector liquidity is illusory’
I think the biggest setback for the sector is the low rate of metering. That’s the source of the scourge of estimated billing. Estimated billing is a double curse.
Politics, intrigues and dilemma in power sector’s coordination, policies
About two weeks ago, the Minister of Power, Sale Mamman ordered the suspension of the Managing Director of the Rural Electrification Agency (REA), Damilola Ogunbiyi and asked for the immediate stepping down of the Managing Director of the Nigerian...
Reps order suspension of increase in electricity tariff
The House of Representatives yesterday ordered the immediate suspension of the planned increase in electricity tariff by the Nigerian Electricity Regulatory Commission (NERC).
Buhari counters power minister, reverses NBET boss dismissal
Nigeria President Muhammadu Buhari has ordered reversal of the dismissal of the managing director of the Nigerian Bulk Electricity Trading Company Limited (NBET) Marilyn Amobi by power minister Sale Mamman. Mamman in December 2019 asked Amobi to step down with immediate effect to “restore sanity” to the management of the agency. The minister also directed…