Nigerian Bulk Electricity Trading
In what most industry players and consumer right groups, yesterday, described as payment for darkness, Nigerians, in the past eight years, have spent about N5.7 trillion on the supply of electricity as supply averages 4,000 megawatts...
1 Jan 2020
From so many regulatory and operational flip-flops, the Nigerian power sector failed to progress in 2019, ending the year with the usual discordant voices instead of leeway
2 Oct 2019
Two years ago, the publisher of Cable newspaper, Simon Kolawole, recounted his experience of how he picked the May 30, 1988 edition of the Newswatch magazine with a story of how NEPA’s installed generation capacity stood at 4,000 megawatts in 1988.
6 Mar 2019
About N701 billion invoices submitted by the electricity generation companies (GenCos) between the last quarter of 2016 and third quarter of 2018 is yet to be settled by the Nigerian Bulk Electricity Trading (NBET). NBET, managed by Dr. Marilyn Amobi, was set up in 2010 as the administrator of the country’s electricity pool. It buys…
11 Dec 2018
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…