Discos To Pay For Rejecting Electricity – NERC
The Nigerian Electricity Regulatory Commission has said the power distribution companies will be liable to capacity charge for failure to take their entire load allocation caused by constraints in their networks.
NERC disclosed this in a document seen...
FG Okays N2.373trn For Power Sector Reform
The Federal Government has set aside the $6.15 billion (about N2.373 trillion) secured from the World Bank, the African Development Bank (AfDB), Siemens and others for the reformation of the power sector.
The Minister of Power, Sale Mamman, who...
Electricity: Banks To Ensure DISCOs Pay NBET, TCN Debts — CBN
Deposit Money Banks have been requested by Central Bank of Nigeria, CBN, to ensure that Electricity Distribution Companies, DISCOs, pay for consumed power they were provided guarantees.
This is part of a renewed effort to...
Power Generation Drops To 3,356MW After New 5,420.30MW Peak
Power generation in the country fell to 3,356 megawatts on Thursday less than two days after a new peak of 5,420.30MW was achieved.
The Transmission Company of Nigeria announced on Thursday that the nation’s power industry had...
Electricity Grid Records 5377MW Peak Generation
The Nigerian power grid rose to 5,377 megawatts (MW) peak power generation on Saturday night, a feat attained 18 months after the previous record.
The Transmission Company of Nigeria (TCN) disclosed this on Monday.
It said the enhanced record occurred at...
Power Grid Has Collapsed 108 Times After Privatisation – TCN
The nation’s electricity grid has collapsed 108 times after the power sector was privatised, data from the Transmission Company of Nigeria have shown.
The TCN, which manages the national grid, is still fully owned and operated...
