Energy Business Digest
Ibadan DisCo Falls into AMCON’s Hands
The Assets Management Corporation of Nigeria, (AMCON) has finally taken over the control of Ibadan Electricity Distribution Company, (IBEDC) Limited over her inability to off-set acquisition loan from Polaris Bank (Skye Bank), several months after it got the Notice of Receivership in August 2021. In a public notice, AMCON stated that it had appointed Mr […]
Minister asks Ibadan DisCo & TCN to collaborate to improve power supply to customers
The Minister of State, Power, Mr Goddy Jeddy-Agba, has urged the Transmission Company of Nigeria (TCN) to collaborate with the Ibadan Electricity Distribution Company (IBEDC), and indeed all DisCos, to improve power supply to customers. He spoke during a tour of upgraded facilities of the IBEDC interchange injection sub-station and TCN Transmission substation in Ayede […]
Nigeria needs 180,000MW to enjoy stable power supply-DisCo Association
The Executive Director, Association of Nigerian Electricity Distributors, Mr Sunday Oduntan, has said that Nigeria has a long way to go to start enjoying stable power supply. For him Nigeria must generate at least 180,000 megawatts of electricity to have adequate and stable power supply. He said this on Wednesday in Abeokuta at the stakeholders’ […]
Ibadan DisCo Trains Staff to Shore up Service Delivery
Customers of Ibadan Electricity Distribution Company, IBEDC, would see a more quality services from staff of the DisCo as over 170 commercial line workers, team leads and managers have completed a 3-day intensive training for them to reach out more to the customers. The courses were wide ranging which included effective complaints resolution, customer communications […]
NERC Fines Ibadan DisCo N50 million for Mis-application of CBN Loan Facility
… ordered to recover N5.75bn inappropriate transactions with interest Following the outcome of an open book review conducted on the financial records of Ibadan Electricity Distribution Company plc (IBEDC), the Nigerian Electricity Regulatory Commission found the company wanting on two grounds of inappropriate financial transactions and was subsequently fined a sum of N50m. The fine […]
TCN to Maintain Major Transformer in Abuja With Minimal Power Interruption
President Buhari Appoints Aliyu Tahir as NEMSA MD/CEO
Ibadan DisCo Falls into AMCON’s Hands
Clement on TCN Commissions 2 Power Transformers in 2 States in One Day
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