Minister of Power, Chief Adebayo Adelabu, has assured Nigerians that the federal government will leave no stone unturned when it comes to transforming all the three segments of the power sector value chain from power generation to transmission and distribution ...
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Feed SubscriptionAba Set For 24 Hours Power As Geometric Power To Be Commissioned Monday, Feb 26
The 181-megawatt Geometric Power plant in the Osisioma Industrial Layout of Aba in Abia State will now be commissioned on Monday, February 26, 2024, according to a statement by the company’s management issued just now. The plant was originally scheduled ...
Read More »After AEDC Disconnection Threat, Tinubu Directs Payment Of Aso Rock Electricity Bill
President Bola Tinubu has directed immediate settlement of outstanding electricity bill of the State House Abuja due to the Abuja Electricity Distribution Company (AEDC). According to a statement by the Special Adviser to the President on Information & Strategy, Bayo ...
Read More »Power Sector Privatisation: DisCos Reeling Under N3trn Debt 10 Years After
The Nigeria electricity sector has grappled with a delusive perception of a brighter power industry following the 2013 privatisation exercise. The sector is currently grappling with an inherited debt crisis of over N3 trillion. Although the federal government is working ...
Read More »Naira Depreciation Pushes Electricity Subsidy To N2.9trn — Power Minister
The federal government needed no less than N2.9 trillion to subsidize electricity consumption in 2024 due to the sharp depreciation of the Naira. This is a sharp increase over the earlier projection of N1.6 trillion. The Minister of Power, Adebayo ...
Read More »Meters: DisCos Fail To Refund Customers
Blame liquidity crisis Electricity consumers who had paid for meter under the fluffy Meter Asset Provider(MAP) initiative of the federal government, are impatiently seeking refund from Electricity Distribution Companies(DisCos), most of which are reluctantly implementing repayment directive issued by the ...
Read More »Vandals Blow Up Electricity Transmission Line
Suspected vandals have destroyed a High Tension Transmission Line using an Improvised Explosive Device (IED) in Unguwar Kanawa, a suburb of the Bauchi metropolis. Our correspondent reports that the power transmission, which passes through Bauchi State, supplies electricity to other ...
Read More »Forex: Meter Producers Under Pressure To Sustain Supply
… As CBN releases $500m to clear more backlog The persistent foreign exchange scarcity is putting meter producers under pressure to sustain supply, with constant price fluctuations affecting its operations negatively. The naira remains under pressure despite the government’s efforts ...
Read More »Metering Tops Consumers’ 108,542 Complaints As NERC Mandates N275bn Funding
Electricity customers lodged a total of 108, 542 complaints in November 2023, with 62.23 per cent bordering on meters, data from the Nigerian Electricity Regulatory Commission (NERC) has shown. With more than seven million electricity customers in the country lacking ...
Read More »Experts Fault Electricity Tariff Review As Unmetered Customers Hit 7.3m
Experts have faulted the reviewed Multi-Year Tariff Order (MYTO) by the Nigerian Electricity Regulatory Commission (NERC), with the development still generating dust and debate among stakeholders in the electricity industry. The conversation, which centres on poor metering exercise in the ...
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