DisCos Decry Attempt By NERC To Dissociate From Increase In Electrify Tariff     The Electricity Distribution Companies (DisCos), have decried the attempt by the Nigerian Electricity Regulatory Commission (NERC), to distance itself from the July 1 commencement of increase in electricity tariff from July 1. The position...

NBET Owes Power Producers Over N1trn - Gencos   Power producers in the country have said they are owed at least N1tn by the Nigerian Bulk Electricity Trading Plc. They said the debt was threatening their viability and undermining their ability to invest more. The government-owned NBET buys...

ANED: 10 Power Discos Earned N466bn In 9 Months   The Association of Nigerian Electricity Distributors (ANED) – the umbrella trade association of 10 electricity distribution companies (Discos) in Nigeria – has said its members earned N466 billion in nine months. The period under review was between...

DisCos Commend FG On Power Sector Loan   The power Distribution Companies (DisCos) have lauded the federal government on the move to get a $3 billion (about N1.1 trillion) loan from the World Bank to fix the power sector liquidity crisis. Executive Director of the Association of...

Discos Map Out N935bn Investment Plans Power distribution companies are set to invest N935bn in their networks as calls for the recapitalisation of Discos heighten. A total of N935bn is to be invested in power distribution networks across the country by electricity distributors following persistent calls...

Despite $1.6bn Intervention, Grid Records 100 System Collapses   Power distribution companies have said that the country’s electricity grid has suffered nine system collapses this year and over 100 of such cases since the sector was privatised. According to them, the system collapse has continued to occur...