Power crisis deepens as GenCos receive 4.7% of invoiced amount
The liquidity crisis in the Nigerian power sector has worsened with generation companies (GenCos) receiving 4.68 per of their monthly i
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DisCos, GenCos face licence revocation as power crashes to 2,664MW
Nigeria's 11 electricity Distribution Companies (DisCos) and Generation Companies (GenCos) may face licence revocation over poor power supply, Minister of Power, Adebayo Adelabu, has threatened yesterday.
DisCos, GenCos face licence revocation as power crashes to 2,664MW
Nigeria's 11 electricity Distribution Companies (DisCos) and Generation Companies (GenCos) may face licence revocation over poor power supply, Minister of Power, Adebayo Adelabu, has threatened yesterday.
Concerns over host community funds imposed on GenCos in new Electricity ActÂ
The passage of the new Electricity Bill by President Bola Tinubu requiring generation companies to pay five per cent of their yearly operating expenses for the previous year to fund host communities’
50% electricity generated not paid for, says Minister
The Minister of Power, Adebayo Adelabu, has revealed that there is a significant N1.6trn shortfall in wholesale tariffs, with an industry Aggregate Technical, Commercial, and Collection (ATC&C) losses of 48 per cent
Between subsidy, cost-reflective tariff and service delivery
Nigeria’s electricity pricing has remained contentious over the years, as some stakeholders argue that the current pricing model does not effectively cover the costs of generation, transmission, and distribution.
Electricity tariff to double as FG considers hike over debt burden
The Federal Government may reverse its decision to subsidise electricity tariff as the Minister of Power, Adebayo Adelabu, said the sector is under heavy debt.
FG to set up committee on drop in power supply-Minister.
The Minister of Power, Mr Adebayo Adelabu says the Federal Government is to set up a committee to resolve power blackouts in some parts of the country.
Ministry blames shortage of gas supply to GenCos for power outage
The Ministry of Power has said that work is ongoing to address the blackout being experienced in the country as a result of low supply of gas to power generating companies.Â
Darkness looms as TCN moves to disconnect defaulting DisCos, GenCos
Nigeria could be thrown into darkness in the coming days as the Transmission Company of Nigeria (TCN), yesterday, said some distribution companies are at the verge of being disconnected over failure to
Nationwide darkness looms as GenCos threaten to shut down power plantsÂ
Nigeria may be thrown into darkness in the coming week as the power generation companies (GenCos) yesterday moved to shutdown their power plants over lingering debts.