23 Power Generation Companies Receive NI53b from NBET in 7 months

Posted: January 22, 2018 at 6:56 pm   /   Gencos, NBET

Power generating companies in the country have heaved a sigh relief through the payment of N153billion by the Nigerian Bulk Electricity Trader, NBET for power generation into the National Grid. Recall that the power generating companies were, not too long ago, crying to the high heavens that their business was collapsing with NBET only able […]

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Use Consultancy Services to Conserve Foreign Reserve & Enhance Capacity – Shehuri Tells Universities

Posted: March 9, 2016 at 3:10 pm   /   Gen. Biz, Gencos, Government, Ministry of Power, NBET, NERC

The Minister of State for Power, Works and Housing, Hon. Mustapha Baba Shehuri has advocated for the use of c onsultancy services being offered by Nigerian Universities to build  capacities and, most importantly, conserve the nation’s fast depleting foreign reserve. He stated this at a Memorandum of Understanding (MOU) signing ceremony between the Nigerian Bulk […]

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FG, World Bank Sign $237m Partial Risk Guarantee for Azura 450MW IPP

Posted: August 24, 2015 at 9:43 pm   /   Gencos, Government, Ministry of Power, NBET

The Federal Government has officially signed the papers endorsing the $237 million World Bank Partial Risk Guarantees (PRG) for the construction of the 450 megawatts (MW) Azura-Edo Independent Power Plant (IPP). According to a statement from the Nigerian Bulk Electricity Trading Plc (NBET) on Sunday in Abuja, the federal government has by this act underscored […]

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TEM Gets Credibility Boost

Posted: April 23, 2015 at 1:53 am   /   Government, NBET

The possibility of participants in the electricity market being paid promptly for their services in the contract based Transitional Electricity Market, TEM, has been boosted with many of the new owners of the distribution companies posting their Letters of Credit (L/Cs). Letters of Credit are bank guarantees the electricity distribution companies were expected to provide […]

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