Against the backdrop of the worsening public power supply, new data have emerged showing that manufacturers in Nigeria spent a total of ₦246.38 billion generating their own electricity between 2016 and 2017. Further analysis of the data compiled by the Manufacturers Association of Nigeria showed that the operators spent ₦129 billion in 2016 and ₦117.38 […]
Read More The Nigerian Electricity Regulatory Commission (NERC), says only four out 11 Electricity Distribution Companies (DisCos) in the country have metered up to 50 per cent of customers under their franchise areas. NERC in its 2018 second quarter report published on its website also revealed that only about 45 per cent out of the total 7,476,856 […]
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Nearly five years after its privatisation, the nation’s power sector has left most electricity consumers with little or nothing to cheer about as metering remains a key problem, ’FEMI ASU writes Electricity consumers have expressed disappointment as nine of the 11 power distribution companies in the country have not supplied meters to more than half […]
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CWG Plc, a technology solution company, has sent a proposal to the federal government on how to block leakages among electricity distribution companies (Discos), through a new metering technology that comes with electricity theft prevention device. The new technology, which has full local content development, was conceptualised and designed locally by CWG, in partnership with […]
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The Transmission Company of Nigeria said it had installed 29 power transformers and substations across the country between February 2017 and August 2018. It said the completion of the projects was done in line with the government’s policy on incremental power; and debunked claims made by the Benin Electricity Distribution Company that the national grid […]
Read More Power distribution companies say they have capacity to take and distribute 6,288.96 megawatts of electricity, refuting the Federal Government’s claim that the Discos can only handle 5,000MW. According to them, the capacity of Discos to distribute about 6,300MW was confirmed in a study conducted by the country’s power System Operator, an arm of the Transmission […]
Read More Crisis rocking the power sector of the economy, yesterday, took a different dimension as Electricity Distribution Companies, DISCOs, rejected the ₦72 billion distribution networks investment being executed by the Transmission Company of Nigeria, TCN. The DISCOs, instead, argued that any investment in distribution networks without recourse to them managing the networks was wrong investment. Acting […]
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Most Nigerian banks will collapse if power generation and distribution companies fail, electricity distributors have warned. They also stated that despite the problems in Nigeria’s power sector, the Minister of Power, Works and Housing, Babatunde Fashola, had not met with investors in the distribution arm of the industry since 2015. Speaking during a live television […]
Read More Protesting electricity workers yesterday shut and crippled business and other activities at the headquarters of Ikeja Electricity Distribution Company, Ikeja DISCO. The aggrieved workers led by the leaders of the National Union of Electricity Employees, NUEE, and their allied unions, stormed the premises early in the morning and barricaded the office accusing the management of […]
Read More The Federal Government on Monday stated that the Nigerian Electricity Regulatory Commission had several options at its disposal that it could use to enforce the contract mandating power distribution companies to provide meters for their customers and eliminate estimated billing in the sector. According to the Minister of Power, Works and Housing, Babatunde Fashola, one […]
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The Federal Government on Monday ordered the Nigerian Electricity Regularly Commission to enforce the contract mandating power distribution companies to provide meters to customers and eliminate estimated electricity bills in the power sector. It said the directive to NERC became vital following the number of complaints coming from power consumers on meters, which the Discos […]
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Members of the House of Representatives adhoc committee probing the excessive electricity charges being levied on Nigerian consumers by Electricity Distribution Companies DISCOs on Wednesday told stakeholders that the power distribution operators in Nigeria were fraudsters. This is just as the apex bank, the Central Bank of Nigeria, CBN, revealed at a one day investigative […]
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