Electricity generation companies have threatened to shut down power plants across the county if the federal government fails to intervene in the challenges troubling them.In a statement on Monday, Joy Ogaji, executive secretary of the Association of Power Generation Companies (APGC), the umbrella body for the GenCos, said the decline in available generation is due to various challenges experienced by [...]
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Babatunde Fashola, minister of power, works and housing, says the federal government should not be blamed for the problems in the power sector.According to PUNCH, Fashola made the remark at the Nextier Power Dialogue in Abuja on Wednesday.The minister reportedly blamed the past administration for selling assets that would have been used to rehabilitate the sector, adding that the [...]
The Nigerian Electricity Regulatory Commission (NERC) says more than four million electricity customers in Nigeria are still without prepaid meters.In its 2018 second quarter report, the commission disclosed that out of 7,973,867 registered active electricity customers in the country, only 3,547,129 have been metered as of June 2018.The report said the 4,426,738 electricity users who have not been issued meters [...]
The Bureau of Public Enterprises (BPE) says it will embark on a final performance review of the electricity distribution companies (DisCos) by 2019.In a statement, Alex Okoh, director-general of BPE, said apart from the Kaduna DisCo, 11 DisCos will undergo the review in order to evaluate the achievement of the agreement signed with the federal government in August 2013.He added [...]
The Nigerian Electricity Regulatory Commission (NERC) says poor remittances by electricity distribution companies (DisCos) to the Nigerian Bulk Electricity Trader (NBET) has deepened liquidity challenge in the sector.In the 2017 third quarter report of the power sector, NERC said during the three months under review, DisCos paid N44bn from N147bn invoice issued by NBET, leaving a shortfall of N103bn.The report [...]
The Nigerian Electricity Regulatory Commission says electricity distribution companies (DisCos) received 109,048 complaints from consumers in the third quarter of 2017.This was disclosed on Tuesday in the quarterly report of the commission.The report showed a decline in the number of complaints, a slight improvement from the 116,761 complaints received in the second quarter of 2017.According to the report, an average [...]
Babatunde Fashola, minister of power, works and housing, says the N701bn payment assurance guarantee fund for electricity generation companies (GenCos) has raised power generation capacity to 7,000 megawatts (MW).The minister disclosed this on Monday at the 29th monthly power sector meeting hosted by Mainstream Energy Solutions Limited (MESL) in Minna, Niger state.Fashola said the payment which started in 2017 had [...]
Babatunde Fashola, minister of power, works and housing, has reacted to claims by electricity distribution companies (DisCos) that he misled Nigerians on power generation capacity.Sunday Oduntan, executive director, Association of Nigerian Electricity Distributors (ANED), the umbrella body of DisCos, had said the federal government lied about an improvement in power generation.In a statement on Friday, Fashola said Nigerians can testify to the [...]
President Muhammadu Buhari says his government will restructure the power sector to optimise the operations of electricity distribution companies (DisCos).The president, who was represented by Zainab Ahmed, minister of state for budget and national planning, said this at the end of the 23rd Nigerian Economic Summit in Abuja on Thursday.He said the review would effect changes in the ownership structures of [...]
Some participants at the Nigerian Economic Summit holding in Abuja have called for the restructuring of power.Tony Elumelu, chairman of Heirs Holding, said the power sector needs to be recapitalised, citing access to electricity as a game-changer in the development of the nation’s economy.Elumelu advised the government to increase their investment in the sector, scaling up ownership from 51% to [...]
The federal executive council (FEC) has approved the payment of N25.99 billion debt owed by ministries, departments, and agencies (MDAs) to electricity distribution companies (DisCos).The amount is part of the N67.41 billion the discos said they were being owed by the MDAs.Babatunde Fashola, minister of power, works and housing, divulged this to state house reporters shortly after the FEC meeting [...]
Electricity distribution companies (DisCos) say they are working to fulfil their metering obligations to consumers with minimal power consumption in a bid to phase out estimated billing.The DisCos made this assurance in a statement signed by Azu Obiaya, chief executive officer of the Association of Nigerian Electricity Distributors (ANED).They said that their metering targets, which was captured in the performance [...]
Babatunde Fashola, minister of power, says the federal government has plans to supply more than three million prepaid meters.NAN reports that the federal government intervention programme aims to combat the incapacity of electricity distribution companies (DisCos) to meter all the houses of consumers across the country.Fashola, who also heads the ministries of works and housing, said the contract for the [...]
The Socio-Economic Rights and Accountability Project (SERAP) has sued the federal government and Babatunde Fashola, minister of power, works and housing, over their failure to instruct electricity distribution companies (DISCOs) to provide free prepaid meters to all Nigerians.The group also seeks a court order to compel Fashola and government end the use of "patently illegal, arbitrary, unfair and discriminatory estimated [...]
Babatunde Fashola, minister of power, works and housing, on Monday, told electricity distribution companies that nobody forced them to acquire power assets.The minister chided DisCos over their inability to meet the electricity needs of consumers.Speaking in Plateau state during a monthly meeting of stakeholders in the power sector, Fashola told DisCos to stop complaining while reacting to their reasons for [...]
The Association of Electricity Distribution Companies (ANED) has appealed to the federal government to provide the N100 billion subsidy it promised after private investors took over the power sector utilities on November 1, 2013.In a statement by Sunny Oduntan, its executive director, ANED urged the government to inject funds into the transmission section of the sector.He said that the inadequate [...]
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