In their latest report, yesterday, analysts at the FBNQuest Research stated that despite the abundance of coal in some states in Nigeria, international financial organisations may not be inclined to fund the development of the deposits for power generation.
Browsing: Transitional electricity market
It was gathered that the shortfall in remittances by the 11 Discos to the MO had been accumulating since the commencement of the Transitional Electricity Market (TEM) in January 2015.
The agency explained that these accidents occurred on the back of failures of system protection equipment, poor response to monitored networks and use of substandard materials, and non-adherence to safety rules and regulations.
Fashola, who was visibly angry with the recent statements of the Discos, declared that the power firms had failed in many aspects and bluntly stated that complaints of obsolete infrastructure in the sector as alleged by the companies were unnecessary because they were aware of the state of these facilities when they purchased the assets.
He noted that the Discos have irrespective of their excuses, failed to also tell Nigerians that they have mostly refused to submit their annual statement of accounts to the NERC as required by the reform law, as well as frustrated attempts by NERC to activate their pacts in the Transitional Electricity Market (TEM) which should bind them to objective service delivery.
30 August 2015, Abuja – The continued flouting of the contractual demands of the Transitional Electricity Market by power distribution…
22 April 2015, Abuja – For electricity supply to stabilise considerably across the country, the supply of gas to power…
24 March 2015, Abuja – The Nigerian Bulk Electricity Trading Plc (NBET) has identified metering gap and inadequate gas supplies to…
06 January 2014, Abuja – There are strong indications that the kick-off of Transitional Electricity Market (TEM), which was scheduled for…
23 December 2014, Abuja -The Federal Government has announced that the effective date for the commencement of all contractual obligations…