Fashola - FG To Complete 190 Transmission, Distribution Projects
The federal government is working on commissioning about 190 transmission and distribution projects just as the minister of Power, Works and Housing, Mr Babatunde Fashola has tasked the Distribution Companies (DisCos) on improving their networks.
Fashola disclosed...
NERC Orders Discos To Engage Independent Meter Providers
The Nigerian Electricity Regulatory Commission on Tuesday ordered the 11 power distribution companies to engage the services of the recently approved independent Meter Asset Providers in order to effectively bridge the over 4.74 million metering gap in...
NERC Halts Metering Monopoly By DISCOS
…Says Other Firms Can Provide Meters
Electricity distribution companies have been told that they no more have the monopoly to provide meters to electricity consumers anymore, the Nigerian Electricity Regulatory Commission(NERC) has declared.
NERC’s new regulation made public on Monday, has...
Budget: NBET To Rent New Office With N487.7m, Gulped N600m In 2017
The Nigerian Bulk Electricity Trading Plc (NBET) will spend N487.7 million to relocate to a new office complex by 2018, after it had gulped N600m in 2017, budgetary documents from the Budget Office...
The Federal Government has given State governments autonomy to produce own power so as to ensure improved power supply in the country.
It said this is because nothing in the Electricity Power Sector Reforms Act EPSRA deter States from doing such.
Speaking at the 18th monthly...
Discos flay plans to escrow their accounts
The Nigerian Electricity Regulatory Commission (NERC), is set to release a minimum recapitalisation level required to be met by core investors in the power sector.
NERC identified capital adequacy as a major issue in the power sector, pointing out...
