DisCos Reject 371MW As Power Generation Falls By 25%
Abuja Power supply from the national grid fell by 25.3 percent to 3,320.70 Megawatts yesterday from 4,446.02MW recorded last Sunday.
Checks by Economic Confidential on data supplied by the National System Operator showed that as at 5pm...
Amid Worsening Electricity Crisis, Power Firms Owe Banks N861.14bn
The debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn in December 2021 amid the lingering problems plaguing the sector since it was privatised...
FG Says Discos’ Indebtedness Hits N326bn In Nine Months
The shortfall in remittances by power distributors to the Nigerian Bulk Electricity Trading Company Plc and the Market Operator of the sector rose to N326bn between January and September 2021, the Federal Government has said.
Latest data...
Discos Remit Only N265.03bn of N519.77bn Invoices To NBET In Six Months
Electricity Distribution Companies (Discos) only managed to remit N265.03 billion of the expected N519.77 billion to the Nigerian Bulk Electricity Trading Company (NBET) in the first six months of 2021.
Data from the Nigerian...
Discos Lose N97bn To Energy Theft, Others In Three Months
Electricity distribution companies have said a total of N97bn was lost in the first quarter of this year to energy theft, capping of estimated billing and other factors.
The Association of Nigerian Electricity Distributors, the umbrella...
Power Firms’ Quarterly Revenue Hits N181bn On Tariff Hike
Buoyed by the hike in electricity tariff, the revenue collected by power distribution companies in Nigeria rose by 42.3 per cent in the first quarter of this year, compared to the same period of 2020.
The revenue...
