The Association of Power Generation Companies (APGC) has stated that power Generation Companies (Gencos) have not received payment for electricity generated since June 2018 from the Nigerian Bulk Electricity Trading Plc (NBET). The Executive Secretary of APGC, Dr. Joy Ogaji, said this in an interview with the News Agency of Nigeria (NAN) in Abuja yesterday. […]
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The power Generation Companies, GENCOs, have called on the Federal Government to put on franchise some of the gas pipelines in strategic locations especially the Niger-Delta region in order to guarantee surplus gas supply to thermal plants. Besides, the companies have also challenged the Nigerian Electricity Regulatory Commission, NERC, to endeavour to respect contractual agreements […]
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Organised Labour has restated its call for the reversal of the power sector’s privatisation. Reacting to President Muhammadu Buhari’s speech on Democracy Day, the United Labour Congress (ULC), said the power sector has failed Nigerians. Its President, Joe Ajaero, said the power sector privatisation was a failure. “It has been a harvest of woes. The […]
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The electricity sector has recorded losses amounting to ₦187 billion as a result of inadequate gas, poor distribution and transmission as well as water reserves constraints. The losses recorded between December, 2017 and May, 2018 has affected the generation, transmission and distribution of adequate and stable electricity to consumers in Nigeria. A report obtained by […]
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The 11 electricity distribution companies (DisCos) require ₦220 billion for the metering of customers, Power, Works and Housing Minister, Mr. Babatunde Raji Fashola, has said. Fashola was the guest lecturer at this year’s edition of the public lecture series of the Department of Economics of the University of Lagos. He spoke on Power sector reforms: […]
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