The top 100 customers of power distribution companies in Nigeria owe the firms N51bn, the Federal Government has said. It stated that the main debtors were the military and defence installations across the country, adding that the amount was arrived at after the verification team on the ongoing audit of the debt owed the power […]
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The Port Harcourt Electricity Distribution Company has said it loses over seven million kilowatt-hour, an equivalent of over N238bn, to direct electricity theft a month. In a report by Punchng, the Head, Revenue Protection Department, PHED, Mr. Nsika Udi, said on Friday during Consumers’ Forum that the direct tapping of energy, besides meter bypass, illegal […]
Read More As many parts of the nation continue to experience blackout, electricity distribution companies have said their inability to obtain foreign exchange to import equipment and a revenue shortfall of N300bn are some of the factors hampering their operations. According to Punchng, The firms said the low electricity generation occasioned by gas supply shortages as a […]
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Power distribution companies have said that the Federal Government should consider selling part of its 40 per cent stake in the various Discos in order to help raise the needed liquidity in the sector. In a reply to comments made by the Minister of Power, Works and Housing, Babatunde Fashola, investors in the Discos stated […]
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THE country may be thrown into a blackout in the near future if the advice by the Senate to the Nigerian Electricity Regulatory Commission to reverse the new electricity tariffs is heeded, power distribution companies have said. This is coming as NERC stated that it had not received any official communication from the National Assembly […]
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