To this end, the House stressed the need to remove the middleman role played by Nigerian Bulk Electricity Trading (NBET) company, which was set up to engage in the purchase and resale of electric power and ancillary services from independent power producers and from the successor generation companies.
•Owed N781bn by govt agencies, others •Regular power supply still a mirage •Gencos, Discos reel under heavy debt burden Chuks…
…Electricity distributors say huge consumer-debts inhibiting operations Ike Amos 02 November 2016, Sweetcrude, Abuja – Economists and power industry experts are expressing fresh…
27 October 2016, Abuja – Respite came the way of distributing companies (Discos) and generating companies (Gencos) wednesday as a bill…
According to Adeosun, the World Bank is bringing a specialists power finance team to see how they can proffer financial solutions to the challenges of power in Nigeria.
Obiaya also said the Discos now consider the CBN intervention fund as a curse because it has not done for them what they expected.
Abaribe also told the agency to ensure compulsory testing of all electricity equipment before they are certified for installation in any part of Nigeria.
The communiqué stated that already, an average of 3,166 megawatts (MW) of electricity cannot be generated by the Gencos because of the shortage in gas supply due majorly to vandalism of gas pipelines in the Niger Delta region.
Kunle Kalejaye 11 October 2016, Sweetcrude, Lagos – Businesses in Nigeria’s power sector especially operators of generation and distribution companies might…
11 October 2016, Lagos – The Nigerian Electricity Supply Industry (NESI) says generation companies (GenCos) could not produce 3,269megawatts (Mw) of electricity…
