Category: Power

The electricity Distribution Companies DISCOs, said, on Thursday, that about N299 billion is required to close the 4.1 million metering gap. Prepaid Meters The DISCOs also seek more capital expenditure, CAPEX, window and legislative actions for mobile courts to swiftly tackle energy theft and meter bypassing. The Association of Nigerian Electricity Distributors, ANED, said during…

Minister of State II for Power, Works and Housing, Alhaji Sulaiman Hassan Jara first announced that the Federal Government of Nigeria (FGN) planned to invest N72 billion in the electricity distribution companies (DisCo). In a subsequent announcement, the Hon. Minister of Power, Works and Housing, Mr Babatunde Raji Fashola (SAN), stated that the Federal Government…

By Energy Worth The Nigerian Electricity Regulatory Commission on Thursday, announced that it had cleared eight more firms and issued each of them a ‘No Objection’ to serve as Meter Asset Providers in the electricity supply industry. According to NERC, the new additions bring to 30 the number of companies it has approved to participate…

Shortage in gas supply for power generation cut down electricity by 2,148 megawatts (MW) at the national grid last Thursday, a report has shown. The daily operational report from the Federal Ministry of Power, Works and Housing yesterday showed that 10 Generation Companies (GenCos) were unable to get enough gas to produce that quantum of…

By Energy Worth The daily financial losses in Nigeria’s power sector since the beginning of this year have risen to N201.3bn, findings from the Office of the Vice President showed on Wednesday. Data from the Advisory Power Team in the Vice President’s office in Abuja showed that the N201.3bn loss accumulated between January 1 and…

Some residents of Ota-Idiroko, in the Ota area of Ogun State, have been arrested by the police for allegedly stoning to death an official of the Enugu Electricity Distribution Company (EEDC), Peter Ayole. The 52-year-old was said to be an auditor at the Abakaliki, Ebonyi State office of the company. The victim, who was said…

Energy Worth with Agency Report The Port Harcourt Electricity Distribution Company (PHED)has disclosed that fire from a dump site, near Park One, Port Harcourt gutted its Injection Sub-station that supplies electricity to Diobu area of Port Harcourt. John Onyi, PHED’s Manager for Corporate Communications made this known to the News Agency of Nigeria (NAN) on…

By Energy Worth The Minister of Power, Works and Housing, Mr. Babatunde Fashola, and the Nigerian Electricity Regulatory Commission (NERC), on Tuesday, opposed the move by the House of Representatives to criminalise estimated billing by electricity distribution companies in the country. All the Discos, represented by the Association of Nigerian Electricity Distributors (ANED), also kicked…

By Energy Worth The Nigerian Electricity Regulatory Commission on Tuesday said it had no plan to dump the Multi-Year Tariff Order framework used in determining the tariff payable by electricity consumers in the country. NERC denied reports that it was planning to quit the MYTO framework, but stated that it planned to review the financial…

By Energy Worth President Muhammadu Buhari says his administration has spent about $9 billion to strengthen investment on power, roads and railway. Buhari said this on Monday while declaring open the 61st meeting of the United Nations World Tourism Organization (UNWTO) Commission for Africa (CAF) holding in Abuja. Represented by Boss Mustapha, secretary of the…