DisCos dismiss FG’s takeover of power firms
Association of Nigerian Electricity Distributors (ANED) has dismissed reports that the Federal Government will take over some distribution facilities.
Government owes generation companies N701b in two years
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…
ANED attributes power sector challenges to liquidity crisis
The Association of Nigerian Electricity Distributors (ANED), has said that until the liquidity crisis is sorted, Nigerians cannot enjoy uninterrupted power in the next five years.
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.
Eligible electricity customers’ regulation to raise residential tariffs by N4 per kWh
The Association of Nigerian Electricity Distributors (ANED) has said the removal of Eligible Customers from the Electricity Distribution Companies...
Nigeria’s transmission network requires N1.8tr five-year funding
The Federal Government has said that Nigeria’s power sector required an investment of $5billion (N1.8 trillion) in the next five years to solve transmission challenges.
Review of government policies as panache to oil, power sectors’ growth
The Nigeria power sector has been troubled by high technical losses, lack of cost recovery, vandalism, low equipment reliability, non- payments problem and mounting debt...
MDAs electricity debt profile rises to N100 billion
The Chairman, Association of Electricity Distributors (ANED), Sunday Oduntan, said liquidity issue in the power sector, remained one of the major challenges bedeviling the industry.