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...
Investors in the Nigeria’s power industry have picked holes in the planned N701 billion power intervention fund by the Federal Government.
They declared that the fund had the potential to worsen revenue shortfalls rocking the industry. Executive Director, Research and Advocacy for the umbrella body...
The 11 electricity Distribution Companies (DisCos) operating in Nigeria have not settled a debt of N243bn for power supplied by 25 Generating Companies (GenCos) as at the end of 2016.
Latest data released by the National Bureau of Statistics (NBS) indicated that DisCos paid N88...
The Nigerian Electricity Regulatory Commission (NERC) has said many factors are responsible for tariff review in the country bi-annually.
A statement by Dr Usman Arab, NERC’s Head of Public Affairs, in Abuja said the allegation that the commission always sided with operators on tariff issues was...
