IBEDC Invests N11.5bn in Power Infrastructure
The Ibadan Electricity Distribution Company IBEDC has said that more than N11. 5 billion has been invested in metering, network upgrading and rehabilitation of its network operations in the last six months.
IBEDC’s Managing Director, Mr John Donnachie disclosed this...
Tariff Will Grow By 14% With New Power Policy - Discos
The Eligible Customer policy introduced by the Federal Government in the power sector will lead to a 14 per cent increase in the electricity tariff payable by residential consumers across the country, power distribution...
Discos: FG Appoints TCN To Manage N72bn Planned Investment
The federal government has appointed the Transmission Company of Nigeria (TCN) to manage the N72 billion investments it plans to sink into the 11 electricity distribution companies (Discos) to upgrade their distribution infrastructure and networks.
TCN has...
Discos: We Were Eligible To Only N58bn Of CBN’s Power Sector Fund
The electricity distribution companies (Discos) have said the Central Bank of Nigeria (CBN) reserved just about N58.45 billion or 27.75 per cent of its N213 billion power sector intervention fund for the Discos,...
Fashola Expending Taxpayers’ Funds On Unwarranted Projects – Discos
The confrontation between the power distribution companies and the Minister of Power, Works and Housing, Babatunde Fashola, continued on Sunday, with the Discos firing back at the minister, accusing him of expending taxpayers’ money on unwarranted...
Power Supply Remains Low At 3,838MW As Fashola, Discos Bicker
As the Minister of Power, Works and Housing, Mr. Babatunde Fashola, and the 11 electricity distribution companies (Discos) continue to trade blame over poor service delivery, the total volume of electricity available for distribution to...
