FG to take over Yola Disco with N27bn

21 hrs

The federal government is set to retake full possession of the Yola Electricity Distribution Company with about N27bn. The National Assembly is billed to approve the sum of 26,901,762,500 as refund for the acquisition of the company by private investors. The House of Representatives Committee on Appropriations has recommended the payment in its report on […]

Discos reject 8,848MW of electricity in one week

November 26, 2019

Power distribution companies in the country left a total of 8,848.24 megawatts of electricity unused in one week, latest data from the Transmission Company of Nigeria have shown. The amount of power unutilised by the 11 Discos stood at 680.72MW on November 11; 676.09MW on November 12; 1,100.04MW on November 13; and 1,145.99MW on November […]

Power supply: FG to review ownership of Discos

November 21, 2019

Power supply: FG to review ownership of Discos

The National Economic Council has revolved to review the status of the ownership structure of the power Distribution Companies in the country. The decision was taken at Thursday’s meeting of the council, which was presided over by Vice-President Yemi. The review will be done by an ad hoc committee chaired by the Governor of Kaduna […]

Licence cancellation: FG gives Discos December 7 deadline

, November 6, 2019

Power supply: FG to review ownership of Discos

By Moses Obajemu   Power distribution companies have till December 7 to submit their written responses providing reasons why their licences should not be cancelled, the Nigerian Electricity Regulatory Commission declared on Tuesday. In an updated document on the notice of hearing on the petitions by Discos on the minor review and minimum remittance order […]

Renewable energy is cheap, eliminates air pollution – Obaisi

August 21, 2019

The irregular state of electricity supply in the country is as old as the country. Despite the various efforts of successive governments between 1999 and now to redress the situation, which involved huge capital expensiture, these efforts have yielded only very little results. The latest was the sum of N900 billion spent over the past […]

17 power stations shut output units as demand plunges

Businessam StaffAugust 9, 2019

Seventeen of the nation’s 27 power stations have been forced to shut down some of their units on the back of low demand by electricity distribution companies, worsening the blackout being experienced by millions of customers across the country. Total power generation in the country dropped to 2,842.1 megawatts as of 6am on Thursday from […]

TCN frustrating power sector, says Discos

Businessam StaffAugust 8, 2019

The electricity distribution companies (Discos) have accused the Transmission Company of Nigeria (TCN) of frustrating the power sector, saying that the national grid, under the TCN, can carry only 4,557 megawatts (mw). Speaking in Abuja, Sunday Oduntan, the executive director of Association of Nigerian Electricity Distributors (ANED), suggested that the transmission network needs to be […]

Ibadan customers to get meters within 10 working days – IBEDC

Businessam StaffAugust 7, 2019

Meter Manufacturers

The Ibadan Electricity Distribution Company (IBEDC) says it will ensure that customers get meters within 10 working days of receipt of payment. John Ayodele, chief operating officer, made this known at a town hall meeting to educate electricity consumers on the meter asset provider(MAP) scheme on Wednesday in Ile-Ife. He said that MAP was established […]

TCN targets capacity of 10,000mw

Businessam StaffJuly 12, 2019

The Transmission Company of Nigeria (TCN) is planning to raise the transmission wheeling capacity of the power grid to 10,000 megawatts (MW) as it moves to achieve its target by re-conducting seven critical lines nationwide this year. It also revealed that it has recovered 775 stranded containers from 800 units abandoned for over ten years […]