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TCN issues second suspension order to Kano DisCo

TCN issues second suspension order to Kano DisCo
August 08
12:21 2019
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The Transmission Company of Nigeria (TCN) has issued a second suspension order to Kano Distribution Company (KEDCO).

The suspension order, which is dated August 6, was posted on TCN’s twitter handle on Wednesday.

According to the twitter handle, the suspension order which took effect from Tuesday was issued on KEDCO for not paying May 2019 invoice in full.

The Nigerian Electricity Market Operator said that the non-payment of the invoice in full was a default in the Market Conditions/Market Participation Agreements.

TCN issued the first suspension notice to Kano Electricity Distribution Company (KEDCO) on July 21, threatening to disconnect the DisCo from the electricity grid.

According to TCN, the suspension order was as a result of KEDCO’s default in the Market Conditions/Market Participation Agreements.

NAN reports that suspension and disconnection orders had been issued against Port-Harcourt, Enugu, Eko and Ikeja DisCos over the same allegations of infraction of market rules in recent times.

TCN has, however, lifted the suspension on Enugu, Eko and Ikeja DisCos after they complied with the market conditions/participation agreement while Port-Harcourt Disco is still on suspension.

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Exchange Rates

September 02, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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