Solution to poor electricity beyond recapitalisation of Discos, says electricity group
Businessam Staff
January 16, 2020
A group, the All Electricity Consumers Protection Forum, says the solution to the power challenges preventing stable electricity supply in the country lies beyond recapitalisation of the 11 Distribution Companies (Discos). Its National Coordinator, Mr Adeola Samuel-Ilori, made the assertion on Thursday in Lagos while reacting to the push for the recapitalisation of the Discos […]
TCN to push for Discos’ recapitalisation
Businessam StaffJanuary 13, 2020
Power distribution companies must be recapitalised for Nigeria’s power industry to work and the Transmission Company of Nigeria has vowed to push for the Discos’ recapitalisation this year. Speaking on some of the company’s targets for 2020 in the latest Power Wheel interview of the TCN obtained in Abuja on Sunday, the Usman Mohammed, managing director of […]
Power generation hits 4,898.2MW
Businessam StaffJanuary 10, 2020
The total quantum of electricity generated on the national grid since the beginning of 2020 reached a peak of 4,898.2 megawatts, latest industry data obtained on Thursday in Abuja showed. Findings from the federal ministry of power showed that the grid had opened the year 2020 with a peak power generation of 4,678.8MW, while the […]
Govt to limit estimated electricity bills February
Businessam StaffJanuary 7, 2020
The federal government will start regulating estimated electricity bills issued by power distribution companies to their unmetered customers from February. According to the Nigerian Electricity Regulatory Commission, the Federal Government’s power sector regulator, Discos that fail to provide meters to customers would only be allowed to issue a capped sum as estimated bills to their […]
Electricity tariff hike: It’s daylight robbery, labour, others tell FG
Businessam StaffJanuary 6, 2020
Organised labour, industrialists and civil rights groups on Sunday condemned the hike in electricity tariffs by the Federal Government. Labour described the electricity tariff hike as a daylight robbery considering the epileptic power supply in the country. The Lagos Chamber of Commerce and Industry, on its part, berated the Federal Government for increasing the tariffs […]
FG orders Discos to stop the use of cash payments for electricity bills
Businessam StaffJanuary 1, 2020
The federal government has ordered power distribution companies to migrate to cashless settlement platforms with respect to the collection of electricity bills from residential, industrial and commercial customers. It stated that beginning from January 2, 2020, the distributors had till January 31 and March 31, depending on the class of customers, to comply with the […]
FG promises stable power supply
Businessam StaffDecember 22, 2019
The Federal Government has assured Nigerians of improved power supply during and after the yuletide season, saying that it is working assiduously to ensure stable electricity supply in the country. The Minister of State for Power, Goddy Jedy-Agba, gave the assurance recently during a tour of facilities at the Azura Power Plant in Ihovbor Village, […]
FG to take over Yola Disco with N27bn
Businessam StaffDecember 5, 2019
The federal government is set to retake full possession of the Yola Electricity Distribution Company with about N27bn. The National Assembly is billed to approve the sum of 26,901,762,500 as refund for the acquisition of the company by private investors. The House of Representatives Committee on Appropriations has recommended the payment in its report on […]
Discos reject 8,848MW of electricity in one week
Businessam StaffNovember 26, 2019
Power distribution companies in the country left a total of 8,848.24 megawatts of electricity unused in one week, latest data from the Transmission Company of Nigeria have shown. The amount of power unutilised by the 11 Discos stood at 680.72MW on November 11; 676.09MW on November 12; 1,100.04MW on November 13; and 1,145.99MW on November […]
Power supply: FG to review ownership of Discos
Businessam StaffNovember 21, 2019
The National Economic Council has revolved to review the status of the ownership structure of the power Distribution Companies in the country. The decision was taken at Thursday’s meeting of the council, which was presided over by Vice-President Yemi. The review will be done by an ad hoc committee chaired by the Governor of Kaduna […]