Electricity: We Pay FG 40% Of $30m Monthly Invoice — Azura MD   The Managing Director of Azura-Edo Power Plant, Mr. Edu Okeke, has disclosed that 40 percent of the company’s monthly invoice of about $30 million to the Nigerian Bulk Electricity Trading Plc (NBET) goes...

After Privatisation, DisCos’ Capacity Increases By 19%   The capacity of the 11 electricity distribution companies, otherwise known as the DisCos, to absorb more power generated by generating companies, GenCos, grew by a mere 18 per cent since the sector was privatised nearly nine years ago. A...

Nationwide Power Outage As Striking Workers Shutdown National Grid   Striking workers of the Transmission Company of Nigeria, TCN, Wednesday shutdown the electricity national grid causing blackouts across the country. The strike by the workers under the aegis of the National Union of Electricity Employees (NUEE) was...

Blackout As National Grid Collapses Again   The national power grid has collapsed again on Wednesday, The Eko Electricity Distribution Company confirmed that the grid collapse occurred at about 11:27 am. “Dear customers, we regret to inform you of a system collapse on the national grid at...

DisCos’ Payment To GenCos Drops By 50%   Electricity distribution companies (DisCos) payment to generation companies (GenCos) for electricity generation has dropped by 50 per cent. The statistics showed that DisCos were unable to pay GenCos full payment for the quantity of power generated in January 2022. As...

Electricity: Power Generation in Nigeria Improves Slightly to 76,444MWh Nigeria’s electricity generation rebounded slightly on Thursday, as the generating companies generated a total of 76,444.98MWh of energy, representing an increase of 5.13% compared to 72,712.08MWh generated the previous day. Energy generation had fallen to an almost...