11 power distribution companies owe N2.6 trillion to Federation Account
Documents submitted to the committee by NBET revealed that as at September 30, 2020, the 11 Discos collectively owe N2.6 trillion.
Tag: discos
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Reps ask DisCos to raise investment to N500bn or exit
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.
Report DisCos requesting payment for prepaid meter replacement, NERC tells Nigerians
However, media reports on November 11, suggested that DisCos insisted on payment by customers for replacement of their functional meters.
FG, states raise N100bn for prepaid meter procurement
The mandate we have was to procure and install a minimum of two million meters on a yearly basis over the next five years.
Presidential Metering Council targets two million prepaid meters annually, says Adelabu
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 to expand investment in gas space with CNG consideration
Seplat Energy is also looking to invest in Compressed Natural gas, CNG, projects in support of the government’s CNG initiative.
Approaches for addressing erratic power supply
Today, the country is grappling with an erratic power supply which has now crippled the economy.
Labour, private sector protest as Discos hike tariff again
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…
Unbundle NERC, not tariff slash
the electricity market operator said the development was due to the appreciation of the naira in the official exchange window.
Burden of an ill-conceived electricity tariff increase
Since one came of age, the power sector bears the trade mark of inefficiency.