GenCos operate with less than 40% capacity as a result of gas infrastructure, supply

5 hrs

ELECTRICITY SUPPLY has increased, relatively, post-privatisation in Nigeria, especially in the few areas where metering of customers has occurred but electricity generating companies (GenCos) still utilise less than 40 percent of their installed capacity. This has been largely blamed on two issues: inadequate existing gas distribution infrastructure and insufficient gas supply. The increased power supply […]

Nigeria’s Ariaria market to get 9.5MW from independent sources

Bukola OdufadeJune 12, 2018

Nigeria’s electricity regulatory commission, NERC, announced Tuesday that it has issued electricity generation and distribution licenses to Ariaria Market in Abia state. NERC in a statement said that it has granted a 9.5 megawatts (MW) embedded electricity generation license to Ariaria Market IPP Ltd and an independent electricity distribution license to distribute same within Ariaria […]

NERC admits 8 new firms for participation in electricity meter supply bid process

Bukola OdufadeJune 8, 2018

Nigeria’s electricity regulatory body, NERC, has granted eight firms “no objection” in order to participate in the procurement and eventual bid process of metering service with electricity distribution companies (DisCos). This brings the number of successful applicants to 30 and after the submission deadline, they are expected to begin the bidding process with any DisCos of their choice. “Successful applicants […]

22 firms receive approval from federal government to meter Nigerians

Bukola OdufadeJune 3, 2018

Twenty two firms have gained approval from Nigeria government to act as meter asset providers (MAPs), taking over the metering services from the electricity distribution companies (DisCos), Anthony Youdeowei, managing director of Ikeja Electric has said. The federal government plans to take a more active role this time around in the metering of its citizens […]

Manufacturers seek Nigerian government bailout over N29bn electricity debt

Businessam StaffMay 30, 2018

Nigerian manufacturers are calling on the federal government to help resolve its N29 billion electricity tariff dispute with the electricity distribution companies (DisCos) and the Nigerian Electricity Regulatory Commission (NERC). Segun Ajayi-Kadir, director-general of Manufacturers Association of Nigeria (MAN), made the appeal in Lagos yesterday while assessing the three years’ performance of President Muhammadu Buhari’s […]

Discos lose N20bn monthly to collection gap

Businessam StaffApril 26, 2018

Uday Mishra, the chief corporate service officer, Kaduna Electricity Distribution Company (KADECO), says distribution companies (DISCOs) lose about N20 billion monthly across the country due to collection gap. Mishra, in an interactive session with newsmen in Kaduna on the various challenges surrounding DISCOs in the country, said the major challenge as regards electricity distribution in […]

TCN pushes recapitalisation to Nigeria electricity distributors

Businessam StaffApril 25, 2018

The Transmission Company of Nigeria (TCN), on Wednesday, urged electricity distribution companies (DisCos) to recapitalize their investment in order to boost their capacity as large volume of power waiting for evacuation is often rejected and was causing high frequency and system collapse. Smart Omo Omoragbon, TCN’s assistant general manager, operations, made this call during a […]

Power distributor, KEDCO, blames poor service on loss of N187m power installation equipment

Businessam StaffApril 19, 2018

The Kano Electricity Distribution Company (KEDCO) has blamed its poor service delivery in recent times to its loss of power installation equipment worth N187 million to vandalisation in the last one month. It said the loss negatively affected its operations. Jamilu Gwamna, the managing director revealed this at a KEDCO organised stakeholders’ enlightenment meeting with […]

DisCos’ woes won’t go away, maybe efficient service delivery would help

Bukola OdufadeApril 9, 2018

In a twist of ironic fate, the eleven electricity distribution companies, which came into being in Nigeria following the privatisation of power generation and distribution in the value chain, four years ago, appear caught up in the spell that consumed the legacy companies, and which the sale of the assets to core investors was intended […]