Category: Power

By Energy Worth Ibadan Electricity Distribution Company Limited, IBEDC, Monday got a temporary reprieve from the 21 days ultimate order given to it by the Nigerian Electricity Regulatory Commission, NERC within which to dissolve its present Board of Directors. Ruling in a case with suit no: FHC/ABJ/CS/665/18 between Ibadan Electricity Distribution Company Plc (IBEDC) &…

By Energy Worth The Nigerian Electricity Regulatory Commission (NERC) has drawn a comprehensive strategy of ensuring greater compliance with its Regulations and Orders by operators in the Nigeria Electricity Supply Industry (NESI). The Commission further noted the imperative for closer monitoring of the performance of its licensees and the ethical conduct of the respective managements….

By Energy Worth Speaker of the House of Representatives, Hon. Yakubu Dogara, has expressed the lawmakers’ determination to uncover all alleged frauds in the application of N10.08 trillion (about $30 billion) by the Niger Delta Power Holding Company (NDPHC). Speaking at the opening of a public hearing by the House’s ad-hoc committee on alleged “Constitutional…

The elixir Nigeria needs to continuously grow her economy is electricity, which has impeded the growth of other sectors. Former Minister of Power, Professor Barth Nnaji, in this interview with Adeola Yusuf, expresses frustration over neglect of the power super grid scheme approved by the Federal Executive Council (FEC) six years ago. He also laid…

Financial auditors engaged by some of the electricity Distribution Companies (DisCos) such as PriceWaterhouseCoopers (PWC) and Deinde Odusanya and Co have expressed uncertainty over the continued existence of the companies as they declared huge operation losses in two consecutive years ended December 31, 2015 and 2016 respectively. In their separate submissions to the companies, copies…

 By Energy Worth The Economic Community of West African States (ECOWAS) has inaugurated its Regional Electricity Market to address power challenges and fast track efficient cross-border electricity trade among member states. President of Benin, Mr. Patrice Talon, represented by the Senior Minister of Planning and Development, Mr. Abdulahi Tchiane, officially inaugurated the project. He said…

A House of Representatives ad hoc panel, on Friday said the Nigeria Electricity Regulatory Commission (NERC) and electricity distribution companies (Discos) are conniving to shortchange and extort money from Nigerians through excessive billing. The ad hoc panel, investigating the need to curb excessive electricity charges being levied on consumers by disCos, said majority of the…

In a press release on June 19, 2018, NERC announced that it had suspended the Board of Directors of Ibadan Electricity Distribution Company (IBEDC) and other key management staff through its Order No NERC/181/2018. According to NERC, this is on account of the company’s default in the recovery of an inappropriate shareholder loan of N6billion…

Executive Director, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, has disclosed that about N295 billion will be required by all the electricity distribution companies (Discos) to cater for identified 4.1 million energy meters deficit. This is if the perceived abnormal estimated energy billings usually complained of by consumers are to be properly addressed. The…

By Oke Peter The 20th anniversary of the prestigious energy summit, Africa Energy Forum (AEF) has been rounded off on Friday, after four days of panel discussions and networking functions focused on Africa’s energy sector. More than 1,500 delegates attended the event which took place between 19th and 22nd June, 2018, at the Paradis and…