‘Why gas pricing is critical to power sector growth’
The growth of the power sector may remain elusive, if the Federal Government fails to address the challenges facing gas pricing in Nigeria, the power distribution companies have said.
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…
DISCOs urge government to tackle power transmission challenges
Electricity Distribution Companies (DISCOs), have identified low Transmission owing to persistent directive from the National Control Centre (NCC), to Generation Companies...
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.
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...
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...
‘Government should explore subsidy option to address liquidity in power sector’
The liquidity crisis is getting worse and a major reason for that is the foreign value of doing the business. No single Disco is making profit as at today, because we are only struggling to recover our cost.
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...