GenCos, DisCos, Others Exempted from Withholding Tax The federal government has categorised all electricity companies, including the Generation and Distribution Companies (GenCos and DisCos), as those exempted from the payment of Withholding Tax in the country. This was contained in the new Withholding Tax regulation document...

N3.7tn Debt Threatens Power Generation Power generation companies have declared that the sector’s indebtedness to companies that produce electricity is now N3.7tn and that this is a threat to further electricity production. Electricity producers under the aegis of the Association of Power Generation Companies drew the...

FG to Probe N2tn Subsidy as Senate Reject Electricity Tariff Hike The Senate has kicked against plans by the Ministry of Power to approve the proposed hikes in electricity tariff by Distribution companies. The Senate also rejected plans to remove electricity subsidy given the present hardships...

DisCos Now Granted Access to Buy Electricity Directly From Producers Power distribution companies (DisCos) in Nigeria have been given the green light by the regulator to buy electricity directly from producers of the commodity after over 10 years of relying on an intermediary called the...

Grid collapse: TCN seeks Gencos, Discos support to Improve Power Generation The Transmission Company of Nigeria has requested power generation and distribution companies to improve their performance in delivering electricity to the country in order to prevent repeated grid collapses.  It, therefore, asked the Gencos and...

JUST IN: Power Generation Bounces to 4,173.20Mw   The Nigerian electricity supply on Wednesday bounced to 4,173.20Mw from a total of 2,931Mw on Tuesday. According to our findings, only 17 power plants were operational as at Tuesday as the National Control Centre, Oshogbo directed some of the...