NERC Okays N756bn Investments For 11 Power Firms
The Nigerian Electricity Regulatory Commission (NERC) has approved N756.74 billion Capital Expenditure (CAPEX) for the 11 Distribution Companies (DisCos) for the next five years in their Performance Improvement Plan (PIP).
The projected investment directives were requested for by...
No Electricity Tariff Increase, Says Power Minister
At the backdrop of rumors of possible hike in electricity tariff, the Minister of Power, Engr. Sale Mamman, has indicated that the ministry is focusing on increased efficiency and not tariff.
In a statement made available to Economic Confidential...
CBN N120bn Fund: Consumers Want Meters, Improved Power Supply
Power consumers and power sector experts have tasked the 11 power Distribution Companies (DisCos) on accelerating meter installations for the over eight million customers while improving power supply by enhancing their networks.
This is coming on the...
NERC To Review Electricity Tariffs, Capital Expenditure In July
The Nigerian Electricity Regulatory Commission on Monday announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July.
It disclosed this in its notice of Minor and Extraordinary Review of Tariffs for Electricity...
FG Spends N568.5bn Yearly On Power Tariff Shortfalls – W/Bank
The Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to fund electricity tariff shortfalls, the World Bank has said.
According to the global financial institution, this amount could further increase if...
Gencos Got N81.14bn Payment Assurance In 2020 – NERC
Power generation companies received N81.14bn as payment assurance from the Nigeria Electricity Bulk Trading Plc in 2020, the Nigerian Electricity Regulatory Commission has said.
NERC disclosed this in its latest Key Operational and Financial Data of the...
