NERC

Ibadan DisCo Falls into AMCON’s Hands

Posted: January 24, 2022 at 6:10 pm   /   Discos, Government, Ibadan, Ministry of Power, NERC

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 […]

read more

Allow Local Meter Manufacturers Sell Directly To Customers – FG Told

Posted: January 12, 2022 at 8:58 am   /   Discos, Government, Ministry of Power, NERC

The chairman, Momas Electricity Meter Manufacturing Company (MEMMCOL), Mr Kola Balogun, has called on the federal government to grant licenses to selected indigenous companies to sell prepaid meters directly to consumers. Balogun who made the call in an interview with the News Agency of Nigeria (NAN) yesterday in Lagos noted that the huge metering gap […]

read more

President Buhari Finally Appoints Board Members for TCN

Posted: January 23, 2021 at 10:08 am   /   Government, Ministry of Power, NERC, TCN

President Buhari has appointed board members for the Transmission Company of Nigeria (TCN) with Muhammad K. Ahmad as the Chairman. The Board will oversee the selection of a substantive Managing Director of the TCN as well as provide policy directions for the only power utility still owned 100% by the government. Beside Muhammad Ahmad, the […]

read more

President Buhari Re-appoints Chiedu Ugbo, MD & Executive Directors of NDPHC for Another 4 Years

Posted: August 20, 2020 at 8:50 pm   /   Gencos, Government, Ministry of Power, NERC

President Buhari has approved the reappointment of Chiedu Ugbo, Managing Director of Niger Delta Power Holding Company of Nigeria for another four years. MD/CEO, NDPHC, Barr Chiedu Ugbo The news was delivered today in the release signed by Laolu Akande, Special Assistant, Media to the Vice President, Prof Yemi Osinbajo. According to the release, the […]

read more

TCN Announces New Peak Power Generation of 5,420.30MW

Posted: August 20, 2020 at 7:28 pm   /   Gen. Biz, Gencos, Government, Ministry of Power, NERC, TCN

The Transmission Company of Nigeria. TCN. has today announced the attainment of 5,420.20MW power generation, which is a new all time high record in the nation. Minster of Power, Sale Mamman According to the release published on the Tweeter handle of the company and signed by the company’s General Manager Public Affairs, Ndidi Mbah, the […]

read more

NERC Introduces Monitoring System to Improve Power Supply to Customers Nationwide

Posted: August 17, 2020 at 11:20 am   /   Discos, Government, Ministry of Power, NERC, TCN

Power supply watchers have commended the power industry regulator, NERC, for introducing a new monitoring mechanism that has the potential of improving the delivery of electricity to the customers nationwide. The new system involves daily review of the report of the statuses of all 132/33kV feeders in the country being submitted daily by the System […]

read more

Dr Nnaemeka Ewelukwa Assumes Duty as Helmsman at NBET

Posted: August 7, 2020 at 3:35 pm   /   Gen. Biz, Government, Ministry of Power, NBET, NERC

Patience really pays. The old adage, “the patient dog eats the fattest bone” came to play in the life of Dr Nnaemeka Ewelukwa as he has finally assumed duties as the Managing Director/ Chief Executive Officer of the Nigerian Bulk Electricity Trader, NBET. He is succeeding the second MD/CEO of the company, Dr Marilyn Amobi, […]

read more

Q1 2020 Power Supply Performance: More Power from GenCos, less Revenue Returns from DisCos

Posted: August 1, 2020 at 5:35 pm   /   Discos, Gen. Biz, Government, Ministry of Power, NBET, NDPHC, NERC

The nation is experiencing inverse performances in the power supply sector according to the data published by the Nigerian Bulk Electricity Trader, NBET, on its website. While the power generating companies, GenCos, are producing more power and TCN is wheeling all these to the distribution companies, DisCos, the DisCos are returning less and less into […]

read more

FEC Approves N8.64bn to Fund 1st Phase Siemens Power Deal

Posted: July 30, 2020 at 6:41 am   /   Government, Ministry of Power, NERC, Photo, Regulation, Uncategorized

The Federal Executive Council (FEC) has ratified President Muhammadu Buhari’s anticipatory approval for the release of N8,648,081,465 to fund phase one of the Nigeria-Germany electricity deal. The fund, which is an offshore loan facility of €15.21 million, an equivalent of N6,940,081,465.20, and N1.708 billion onshore fund, is the counterpart funding of the first phase of […]

read more

TCN restores bulk power supply to areas in Ibadan DisCo after fire incident

Posted: February 7, 2020 at 10:12 am   /   Discos, Government, Ministry of Power, NERC, TCN

The Transmission Company of Nigeria, TCN, has reported that it has restored bulk power supply to Ibadan DisCo distribution lines that were out due to fire incident on Wednesday at TCN substation in Ayede, Akinyemi along Ring Road in Ibadan, Oyo State. According to the release published on TCN twitter handle and signed by the […]

read more