Discos
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NERC to Sanction DisCos for Non-Metering of Industrial Customers

Posted: January 22, 2017 at 3:18 pm   /   Discos, Government, NERC, Regulation

The Nigerian Electricity Regulatory Commission (NERC) has restated its readiness to invoke sanctions on any electricity distribution company, DisCos, that fail to meter her maximum demand customers by the end of February. The NERC had directed all electricity distribution companies (DisCos) to conclude metering of all maximum demand (MD) electricity customers in their networks not […]

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Power Boss Offers Bleak Narratives on State of Power in Nigeria

Posted: November 21, 2016 at 10:47 pm   /   Discos, Government

The Managing Director of the Benin Electricity Distribution Company, Olufunke Osibodu, has painted a bleak picture of the state of power in Nigeria and concluded that Nigerians should not expect any improvement in the power sector in the next five years. Speaking at the 11th Annual Founder’s Day event of the American University of Nigeria […]

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Vandals Cart away Power Cables on Abuja Expressway

Posted: November 20, 2016 at 12:17 am   /   Abuja, Government

Vandals have increased the problems of the commuters and customers of the power franchise in Abuja by carting away several kilometers of cables that supply power to the long and beautiful Kubwa Expressway in the Federal Capital. The cables included various sizes of electric armoured cables stretching over 1.7 kilometres along Murtala Muhammed Expressway, Kubwa […]

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NERC Blasts Enugu Disco Over Customer Complaints, Poor Safety Record

Posted: November 15, 2016 at 6:51 am   /   Discos, Enugu, Government, Regulation

The Acting Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Anthony Akah, mni, has decried the worrisome safety records and high rate of accidents in the Enugu Electricity Distribution Network (EEDC) with a record of 14 deaths and 5 injuries in 2016 alone. He also frowned at EEDC’s violation of its performance agreements, noting […]

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Fashola: FG Won’t Cancel Power Sector Privatization

Posted: November 13, 2016 at 11:21 pm   /   Discos, Gen. Biz, Gencos, Government, Regulation

The Minister of Power, Works and Housing, Babatunde Fashola, has declared that the Federal Government will not revoke the privatization of the power sector carried out three years ago, despite stringent calls by several influential interest groups to revoke the exercise. The Minister who spoke at the 5th European Union (EU) – Nigeria Business Forum […]

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NERC Commends Benue Govt for Settling Electricity Bills by MDAs

Posted: November 13, 2016 at 11:03 pm   /   Discos, Government, Regulation

The Nigerian Electricity Regulatory Commission (NERC) has commended the Benue State Government for settling electricity bills issued by the Jos Electricity Distribution Company (JEDC) on the state’s ministries, departments and agencies. Acting Chairman, Dr. Anthony Akah, mni, gave this commendation at the inauguration of the Makurdi Forum Office and he advised other states to emulate […]

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DISCOs Disagree With Dangote on Power Privatization

Posted: November 2, 2016 at 12:22 am   /   Discos

The Association of Nigerian Electricity Distributors (ANED) has come out to forcefully disagree with Aliko Dangote who recently called for the reversal of the privatization of the power sector. Aliko Dangote, billionaire businessman, made the call while speaking at the Senior Executive Course 38, at the National Institute of Policy and Strategic Studies (NIPSS), Kuru, […]

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Electricity Market Operator Threatens to Escrow Accounts of Distribution Companies

Posted: October 29, 2016 at 8:01 pm   /   Discos, TCN

The electricity distribution companies in Nigeria, DISCOs, have been called out by the Nigerian Electricity Market Operator to improve their monthly remittances to the market or have their accounts escrowed. The Market Operator, Mr Moshood Saleema was speaking at the Stakeholders Workshop that had the representatives of all market participants including generating companies, GENCOS, distribution […]

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Stakeholders Identify Challenges to Improving power supply in Nigeria

Posted: August 29, 2016 at 10:21 pm   /   Discos, Gencos, Government, Ministry of Power

Major government representatives, power investors and other stakeholders in the power sector recently gathered in Lagos to put heads together on how to improve the state of power supply in Nigeria. The gathering was addressed by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Minister of Power, Works and Housing, Babatunde Fashola and […]

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New Problems for the Power Investors

Posted: August 18, 2016 at 10:53 pm   /   Discos, Gen. Biz, Gencos, Government, Ministry of Power

The investors in the power sector have started complaining about the huge loan burden they now have to factor into their operations following the new realities of foreign exchange regime. Several banks such as First Bank of Nigeria Holdings Plc; Zenith Bank Plc; United Bank for Africa Plc (UBA); Guaranty Trust Bank Plc (GTBank); Access […]

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