Power Sector Loses N420bn Annual Revenue – Gencos The monthly shortfall in revenue remittances to the power sector stands at N35bn, the Executive Secretary of the Association of Power Generation Companies, Joy Ogaji, said on Thursday. This amounts to N420bn yearly. APGC is the umbrella body...

Osinbajo Says FG Is Ready To Resolve Tariff Shortfalls In Power Sector   The Vice President, Prof. Yemi Osinbajo has assured Nigerians that the inauguration of a board for the Nigeria Electricity Liability Management Company (NELMCO) would enhance ongoing efforts to resolve liabilities relating to tariff...

Power Firms Owe Banks N820bn Amid Sector's Lingering Problems     The debt owed to Nigerian banks by operators in the power sector rose by 11.85 per cent in one year to N819.97bn in August this year amid the lingering problems plaguing the sector since it was...

15 Years After, Reps Amend Power Sector Reform Act             The House of Representatives yesterday passed for second reading a bill seeking to amend the Electric Power Sector Reform Act enacted 15 years ago. Sponsor of the bill and Chairman House Committee on Power, Aliyu Magaji Dau,...

We're Targeting 10,000MW Of Electricity From $3bn Interventions - FG       The Federal Government, yesterday in Abuja, said 10 Gigawatts (10,000MW) of electricity is feasible from an investment of $3 billion being made in the power sector. The prevailing situation of the nation’s power sector has rendered...

DisCos Get CBN Loans To End Liquidity Crisis       The Central Bank of Nigeria is now providing loans to electricity distribution companies to cover the collection and operational expenditure shortfalls of the firms and halt the liquidity crisis in the country’s power sector. The Discos are mainly...