YEDC At Risk Of Bankruptcy Over Insurgency   One of the nation’s power distribution companies, Yola Electricity Distribution Company (YEDC), has said a significant change to the commercial environment will be required to avoid bankruptcy. The Disco stated this in its performance improvement plans and applications for...

FG To Refund Yola Disco Investors N26.9bn   The Federal Government is planning to refund the core investors in Yola Electricity Distribution Company the sum of N26.9bn. The refund is expected to be made in the 2020 fiscal year. The N26.9bn is part of the amount captured under...

FEC, New Investor Delay $146.8m Refund To Yola Disco   More than four years after the core investor in the Yola Electricity Distribution Company declared force majeure and returned the Disco to the Ministry of Power, the investor is yet to be reimbursed by the Federal...

FG, Investors Open Bids For Afam Power,Yola Disco   The Federal Government has invited four firms for financial bids opening for Afam Power Plc, an electricity generation company, and Yola Electricity Distribution Company in Abuja on Tuesday (today). Three firms – Diamond Stripes Consortium, Transcorp Power Consortium...

BPE, Investors Meet On $211m Refund For Afam, Yola Disco Officials of the Bureau of Public Enterprises and former investors in two electricity companies – Yola Electricity Distribution Company and Afam Power Plc – have met for the refund of $211.81m which the investors had...

Yola Disco, 2 Power Plants for Sale The federal government will re-sell the Yola Electricity Distribution Company (Disco), which was returned to it in 2015 by a core investor because of the Boko Haram insurgency, and two additional gas-fired power generation plants. This development is coming...