Expert Bemaons Power Firms' Default On Bank Loans
A former Executive Director at the Asset Management Corporation of Nigeria, Mr Kola Ayeye, has decried the default on bank loans by electricity generation and distribution companies in the country.
Ayeye, who is the Managing Director of Growth...
Presidency Meets With Power Firms Over Electricity Crisis
As the nation’s power sector remains in crisis mode, the Presidency has met with electricity distribution companies in a bid to resolve some of the issues affecting the electricity supply industry.
It was gathered that the Chief of...
Power Firms Said They're Being Forced To Reduce Generation
Electricity generation companies in the country have said their power plants are being forced to operate below their optimal capacity levels.
The nation’s total power generation has been hovering between 3,000 megawatts and 3,500MW in recent months....
Power distribution companies in the country must stop blackmailing the Federal Government in various advertorials in the media, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said.
According to Fashola, the firms should show how much the government’s Ministries, Departments and Agencies...
Power firms should be given preferential treatment with respect to foreign exchange, which is needed to procure equipment such as transformers, meters and turbines, the Managing Director, Ibadan Electricity Distribution Company Plc, Mr. John Donnachie, has said.
Donnachie stated this at a briefing in Ibadan...
The Nigerian Electricity Regulatory Commission has told power firms carved out of the defunct Power Holding Company of Nigeria to comply with the agreements they entered into with the Bureau of Public Enterprises or be sanctioned.
The General Manager, Legal, Licensing and Enforcement, NERC, Mrs....
