TCN Suspends KEDCO From Electricity Market The Transmission Company of Nigeria said on Sunday that it had suspended Kano Electricity Distribution Company from the Market Operator-administered market. The TCN said the suspension was due to “an event of default” that was not remedied. It said on its...

Recapitalisation: TCN To Waive N270bn Discos’ Debt Nigeria’s power distribution companies currently owed the Transmission Company of Nigeria N270bn and TCN is willing to forgo this debt in order to have the Discos recapitalised and salvage the sector from collapse. The total indebtedness of the 11...

Power: Discos Offset Fines As FG Reconnects Firms   The Federal Government has reconnected three power distribution companies to the national grid and has lifted the suspension it slammed on the power firms after the Discos paid the stipulated fines attached to the infractions they committed,...

Power Distributors Owe TCN, Others N263bn Power distribution companies owe service providers, including the Transmission Company of Nigeria, a total of N263bn, our correspondent has learnt. The service providers in the power sector are the Nigerian Electricity Regulatory Commission, the Nigerian Bulk Electricity Trading Plc, the...

TCN, Discos Renewed Bicker The Transmission Company of Nigeria and the electricity distribution companies are always at daggers drawn over electricity load management without essentially looking to find a middle ground. For any electricity consumer in Nigeria, satisfactory service is never about the volume of electricity...

TCN Says, "FG, Discos Need $4.3bn To Improve Power Supply"   Power distribution companies require $4.3bn to recapitalise in order to effectively invest in their networks nationwide and improve electricity supply, according to a study conducted by the Transmission Company of Nigeria. TCN also stated that the...