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Tag "GENCOs"

Tinubu concerned about undercapitalisation in power sector, says privatisation objectives unmet

    Tinubu concerned about undercapitalisation in power sector, says privatisation objectives unmet

President Bola Tinubu has expressed concerns about the dwindling investment in the power sector despite its privatisation, saying more needs to be done to meet Nigeria’s electricity demand. According to

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NERC licenses 17 power distribution networks, seeks unbundling of system operations

    NERC licenses 17 power distribution networks, seeks unbundling of system operations

The Nigeria Electricity Regulatory Commission (NERC) says it licensed 17 independent electricity distribution network (IEDN) providers at the end of last year. In a new report, titled, ‘2022 Market Competition

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NDPHC: We’re working with DisCos to clear bottlenecks in power supply

    NDPHC: We’re working with DisCos to clear bottlenecks in power supply

The Niger Delta Power Holding Company (NDPHC) says it is working with electricity distribution companies (DisCos) to address power supply bottlenecks. Chiedu Ugbo, managing director of NDPHC, spoke to journalists

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TCN threatens to disconnect DisCos, GenCos over non-compliance with market rules

    TCN threatens to disconnect DisCos, GenCos over non-compliance with market rules

The Transmission Company of Nigeria (TCN) says it will sanction erring electricity companies over non-compliance with the market rules. In a statement on Tuesday, Edmund Eje, TCN’s market operator (MO),

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Newspaper Headlines: Gunmen kidnap 13, kill primary school teacher in Abuja

  Newspaper Headlines: Gunmen kidnap 13, kill primary school teacher in Abuja

The national dailies touched on Buhari’s call for forgiveness from Nigerians over any hurt, and the tussle for the position

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‘We are owed N1.75trn’ — GenCos lament poor remittances for electricity consumed

  ‘We are owed N1.75trn’ — GenCos lament poor remittances for electricity consumed

The association of power generation companies (APGC) says members are owed N1.75 trillion for power generated for the electricity market

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Zainab Ahmed: FG’s N1.3trn electricity intervention fund didn’t produce significant result

  Zainab Ahmed: FG’s N1.3trn electricity intervention fund didn’t produce significant result

Zainab Ahmed, minister of finance, budget and planning, says the N1.3 trillion intervention fund the federal government provided for the

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GenCos blame weak transmission for erratic power supply

  GenCos blame weak transmission for erratic power supply

Power generation companies (GenCos) have kicked against claims by the Transmission Company of Nigeria (TCN) that they are performing below capacity.

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Newspaper Headlines: FG may review licences of DisCos, GenCoS over poor performance

  Newspaper Headlines: FG may review licences of DisCos, GenCoS over poor performance

The reactions to the suit filed by Uche Secondus, suspended national chairman of the Peoples Democratic Party (PDP), against the

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NLC rejects $2.18 gas price for GenCos, demands reduction to $1.5 per SCF

  NLC rejects $2.18 gas price for GenCos, demands reduction to $1.5 per SCF

The Nigeria Labour Congress (NLC) has rejected the reduction of domestic gas prices for electricity generation from $.2.50 to $2.18

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