REA Seeks $2bn To Power 80 million Rural Dwellers
The Rural Electrification Agency (REA) on Wednesday said over $2bn was required to power 80 million Nigerians who currently lack electricity and reside mostly in rural areas across the country.
REA’s Managing Director, Malam Ahmad Salihijo Ahmad,...
TCN, Discos Hindering 4,000MW Generation Daily - Gencos
The quantum of electricity generated in Nigeria is rejected or forced to be reduced by an average of 4,210 megawatts daily due to transmission and distribution constraints, power generation companies said on Monday.
In a document obtained in...
In 2019, Gencos Generated 33,448,633MWh - NBS
A total of 33,448,633 megawatts-hour of energy was generated by power generation stations across the country in 2019, the National Bureau of Statistics said on Tuesday.
This came as power distributors again said on Tuesday that the Nigerian Electricity...
Hike: Electricity Consumers To Pay N417.09bn In Four Months
Following the recent increase in electricity tariffs, the 11 distribution companies in the country are allowed to collect a total of N417.09bn from their customers from September to December.
The Discos had early this month announced what...
GenCos Sell N294.16bn Electricity In Five Months
Electricity generation companies in the country sold electricity worth N294.16bn in the first five months of this year to the Nigeria Bulk Electricity Trading Plc.
The government-owned NBET buys electricity in bulk from Gencos through Power Purchase Agreements and...
FG To Fund N104.5bn Electricity Tariff Shortfall
The Federal Government will fund a tariff shortfall of N104.5bn that will be recorded by electricity distribution companies from September to December 2020, according to the Nigerian Electricity Regulatory Commission.
The Discos had early this month announced what they...
