NSIA Increases NBET’s Liquidity With $417.4m
The Nigeria Sovereign Investment Authority on Thursday announced the payment of a total of $417.46m to the Nigerian Bulk Electricity Trading Company Plc.
The transfer follows the expiry of the four years investment term.
The NSIA in a statement issued in...
Unused Electricity Volume May Rise by 2,130MW
Nigeria’s total volume of unused electricity from national grid will rise by 2,130 megawatts (MW), to add to an existing 2000MW idle volumes that power distribution companies (Discos) are unable to take to homes and offices in the...
Debt: Power Distribution Firms Owe NBET N859bn
The indebtedness of power distribution companies to the Nigerian Bulk Electricity Trading Company has risen to N859bn.
As a result, the NBET has accumulated a total debt of N325.784bn, which is meant for the payment of power produced by...
Power: N1tn Debt Threatens NBET Existence
The Federal Government has warned that massive indebtedness by power distributors to the Nigerian Bulk Electricity Trading Company may lead to the death of the firm, OKECHUKWU NNODIM writes
The Federal Government is pleading with power distribution companies to make...
Gas-To-Power Investors Lose N109.5bn Annually To Dollar Transactions
Gas producers for Nigeria’s power sector lose N109.5 billion yearly to dollar-denominated transactions in the supply of 1.5 billion-2 billion cubic feet of gas per day (bcf) to the domestic market, THISDAY has learnt.
The gas producers have...
To Offtake 2,000MW Stranded Power, FG Requires N73bn Investment
The federal government has stated that N73.1 billion would be required to install a number of 33/11/0.415 kilovolts (kV) electricity distribution facilities in the 11 distribution networks to enable them take up the 2,000 megawatts of...
