Power Transmission Still Weak Despite TCN’s $1.63bn Intervention
The transmission of electricity across the country is still weak despite the interventions and claim by the Transmission Company of Nigeria that it currently has capacity to wheel over 8,000 megawatts of power, the Association of Power...
TCN Suspends PHEDC From Electricity Market
The Transmission Company of Nigeria (TCN) has suspended and disconnected Port-Harcourt Electricity Distribution Company (PHEDC) from the electricity market.
The suspension order was posted on TCN’s twitter handle @TCN _Nigeria yesterday, adding that the suspension took effect from yesterday.
TCN said...
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...
