It said, “The World Bank has approved a credit of $486m for Nigeria’s electricity transmission substations’ rehabilitation. This is a part of the financial support aimed at achieving a viable power sector through the PSRP implementation.”
Browsing: Nigerian Bulk Electricity Trading Company
The country’s electricity generation had fluctuated between 3,500mw and 4,500mw in the last few months before the latest development.
Fashola noted that, “As far as the promotion of solar and other sources of independent power are concerned, please note that not only are they supported by the ESPRA, they are consistent with our Paris Climate Change Agreement Obligations and with emerging global practice.”
Already, a terse memo from the Nigerian electricity agencies has been sent to NIGELEC of the Republic of Niger and Community Electric du Benin (CEB) of the Republic of Benin, demanding that they make good on their debts or risk being cut off from electricity supply.
“The Gencos and Service Providers have called for the declaration of eligible customers in the nation’s power sector. They also advocated for the denomination of gas price in Naira with the Distribution companies (Discos) calling for harmonisation of currency for all transactions in the market.”
03 October 2015 Lagos — Egbin Power, yesterday, declared that the Federal Government owes the generation company, Genco, between N38…
