Power generation companies, GenCos, on Monday warned that power plants across the country were facing imminent shutdown due to a huge N4 trillion debt owed by the federal government. In a statement issued by the Board of Trustee Chairman of the Association Power Generation Companies, APGC, Col. Sani Bello, Gencos said they were currently owed ...
•Blackout The Rural Electrification Agency, REA, today, disclosed that there are over 20,000 communities across the country without electricity supply. The Managing Director, REA, Mr Abba Abubakar Aliyu who disclosed this at the inauguration of two mini-grid projects in Bakin Ciyawa and Kwande communities, Qua’an Pan LGA, Plateau State, said t...
The Nigerian Electricity Regulatory Commission (NERC) says it has transferred regulatory oversight of the electricity market in Lagos State to the newly established Lagos State Electricity Regulatory Commission (LASERC). NERC announced this in a statement it released on X, formerly Twitter, today. The development is in compliance with the amen...
Nigeria exported N181.62bn worth of electricity from January to September of 2024, analysis of data from the National Bureau of Statistics (NBS) has shown. A breakdown showed that N58.65bn was exported to Togo, Benin and Niger Republic in the first quarter of 2024 followed by N63.28bn in the second quarter and N59.69bn in the third […]
•House of Representatives The House of Representatives has directed electricity distribution companies (DisCos) across Nigeria to undergo a recapitalisation exercise to the tune of N500 billion. This measure is aimed at strengthening their financial capacity to effectively deliver reliable electricity services to Nigerians, reports Daily Indep...
The Nigerian Electricity Regulatory Commission has ordered Electricity Distribution Companies to replace obsolete prepaid meters for their customers free. It said that, according to the Nigerian Electricity Supply Industry Act, it is the responsibility of DisCos to replace faulty and outdated prepaid meters for their customers. This mandate wa...
•Blackout Residents, business owners, hospital administrators, and others in Northern Nigeria have expressed concern as the region marks its eighth consecutive days without electricity, leading to significant disruptions in essential services and economic activities. The outage, which began last Monday, was triggered by the tripping off of the...
The Transmission Company of Nigeria (TCN) says the country supplies electricity to neighbouring nations such as Togo, Benin Republic and Niger Republic. TCN’s Chief Executive Officer Sule Abdulaziz said this last night on Channels Television. Nigeria’s power sector has in the last week experienced a series of blackouts with the national grid c...
The Transmission Company of Nigeria (TCN) says despite the hike in electricity tariff paid by Nigerians, the cost of energy is still cheaper in Nigeria than in some neighbouring countries. TCN Managing Director, Sule Abdulaziz, stated this on Channels Television yesterday. He said Nigerians are paying more for power because electricity product...
Electricity customers on Band A feeders may need to brace up for a possible tariff increase following the rise in the electricity tariff shortfall otherwise known as subsidy. The electricity subsidy to be paid by the Federal Government rose to N181,63bn in September from N102.30bn in May, reports The PUNCH. In April when the Nigerian […...
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