In Two Months, Discos Owe NBET N76bn
Power distribution companies in the country failed to pay a total of N76.19bn to the Nigerian Bulk Electricity Trading Plc for electricity sold to them in the first two months of this year.
The government-owned NBET buys electricity in...
Recapitalise Discos Or Risk Complete Power Sector Collapse – TCN
The Transmission Company of Nigeria has said the nation’s power sector will collapse completely if urgent steps are not taken to capitalise the distribution companies.
The government-owned TCN stated this while announcing a drop in the...
Discos, Gencos Deny Knowledge Of FG’s N200bn Payment
Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid to the power sector by the Federal Government in the past three days.
Group Managing Director, Nigerian National Petroleum Corporation, Mele...
FG, NASS To Pay For Two-month ‘Free Electricity’ – Discos
Power distribution companies on Thursday said that the two-month free electricity to customers announced on Wednesday would be paid for by the National Assembly and the Federal Government.
Speaking through their umbrella body, the Association of...
Discos Offer Customers Two-month Free Electricity
Power distribution companies on Wednesday announced that they were in support of the proposal by the National Assembly and the Federal Executive arm of government that Nigerians should get two months of free electricity.
Speaking through their umbrella body, the...
Power Outage Persists As Discos Reject 17,657MW
Power generation on the national grid wobbled continuously in February as electricity distribution companies rejected a total of 17,657.19 megawatts of energy allocated to them by the Transmission Company of Nigeria between February 3 and February 23.
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