Where the non-installation of meters is directly attributable to DisCo’s failure, such DisCo shall be liable to a penalty equivalent to the total cost of the uninstalled meters.
Documents submitted to the committee by NBET revealed that as at September 30, 2020, the 11 Discos collectively owe N2.6 trillion.
Isiaka lamented the activities of the DisCos in the country, saying that some of their recent actions were posing a threat to economic stability and welfare of Nigerians.
However, media reports on November 11, suggested that DisCos insisted on payment by customers for replacement of their functional meters.
The mandate we have was to procure and install a minimum of two million meters on a yearly basis over the next five years.
The government will be partnering with local manufacturers to making the equipment not own readily available, but to also ensure that the government’s target over the next four years is met.
Seplat Energy is also looking to invest in Compressed Natural gas, CNG, projects in support of the government’s CNG initiative.
Today, the country is grappling with an erratic power supply which has now crippled the economy.
The Nigeria Labour Congress, Trade Union Congress, and Organised Private Sector, on Wednesday, faulted the latest hike in the electricity tariff payable by customers in the Band A Category. Following the depreciation of the naira against the United States dollar, and inflation, among other factors, the Nigerian Electricity Regulatory Commission again raised the tariff payable…
the electricity market operator said the development was due to the appreciation of the naira in the official exchange window.
