‘Nigeria’s power sector still has many obstacles to overcome’
Ade Yesufu is the Commercial Director, Future Energy Nigeria. In this interview, he speaks on Nigeria’s power sector, the challenges bedeviling it and its attractiveness to investors.
Reps to reopen alleged $1.348b power fraud probe
The House of Representatives could reopen the probe into an alleged $1.348 billion power sector fraud levelled against General Electric (GE) and Rockson Engineering Nigeria Ltd.
DisCos’ debts to NBET, market operator hit N103 billion
The Electricity Distribution Companies (Discos) in Nigeria are indebted to the Nigerian Bulk Electricity Trader (NBET), and Market Operator (MO) to the tune of N103billion, according to the Nigerian Electricity Regulatory Commission recent (NERC) report released this week. DisCos were issued an invoice totalling N147billion for energy received from NBET and for the service charge…
NBET’s $350m investment in NSIA yields $67m profit
Power generating firms may soon heave a sigh of relief as the Nigeria Bulk Energy Trading Company Plc (NBET) has received $417.46 million from the Nigerian Sovereign Investment Authority (NSIA).
FG okays N72 billion to boost electricity, decries poor distribution networks
The Federal Government has approved N72 billion to enable Electricity Distribution Companies (DisCos) step up electricity generation.
Tougher times await DISCOs, experts predict
Industry experts have predicted tougher times for the nation’s electricity distribution companies (Discos), contending that the problem was not just about huge financial shortfall...
Akinpelu: We need to come clean on generation, transmission capacities
Technical Specialist, Association of Nigerian Electricity Distributors (ANED), Mr. Akin Akinpelu, in this interview with ROSELINE OKERE, Assistant Editor, Energy and Solid Minerals...
Power sector and the blame game
The power sector is no exception from the ups and down recorded in 2017. The year started with a generally low mood in terms of the quantum of power generation available for distribution from none to a peak of 5,222MW.
FG recovers $64.6m electricity debt from international customers
The Federal Government on Monday announced that it had recovered 64.6 million dollars electricity debt from its international customers.