Nigerian electricity distribution companies still can’t get their heads around getting paid
Bukola Odufade
April 16, 2018
Revenue collection is critical to the survival of any organisation. In order to ensure its survival and growth, an organisation must employ efficient revenue collection strategies. It needs revenues to be able to meet its contractual obligations and must therefore ensure that it has effective mean generating and collecting its revenues. Revenues generated are not […]
DisCos’ woes won’t go away, maybe efficient service delivery would help
Bukola OdufadeApril 9, 2018
In a twist of ironic fate, the eleven electricity distribution companies, which came into being in Nigeria following the privatisation of power generation and distribution in the value chain, four years ago, appear caught up in the spell that consumed the legacy companies, and which the sale of the assets to core investors was intended […]
Nigeria power minister tasks electricity companies on distribution quality, improved collection
Businessam StaffApril 9, 2018
Babatunde Fashola, Nigeria’s power minister Monday, April 9, 2018 charged electric distribution companies to improve the quality and capacity of their distribution equipment for improved power supply and service in order to stimulate consumer willingness to pay. He made the charge at the 26th monthly power operators meeting in Umuahia, Abia State. “In order to […]
Nigeria to trade electricity with neighbouring countries
Businessam StaffApril 7, 2018
Nigeria will begin electricity trading with other West African countries from June 2018, according to Usman Mohammed, the Chairman of the West African Power Pool (WAPP) and managing director of the Transmission Company of Nigeria (TCN). Mohammed stated that the formalisation of the electricity trading arrangement will be done under WAPP and the ECOWAS Regional […]
Nigeria electricity companies lament energy theft, poor collection hobbling their operations
Businessam StaffApril 4, 2018
By Abdulrafiu Edidi Nigeria’s electricity distribution companies say increased energy theft and customers refusal to pay are hobbling their revenue drive, which may further deteriorate power supply in the country. They said due to poor revenue collection from their operations they are unable to pay generating companies, who equally cannot meet their obligations to gas […]
India now world 3rd largest power producer with total generation of 1,423 TWh
Businessam StaffMarch 28, 2018
India has emerged the third largest power producer in the world with a total generation of 1,423 TWh (terawatt-hour) in the year 2016, only behind China (6,015 TWh) and the United States (4,327 TWh), beating erstwhile giants such as Russia, Japan, Germany and Canada, According to a February 2018 report by India Brand Equity Foundation […]
Nigeria secures World Bank $486m loan for electricity transmission lines expansion
Goddey OdinMarch 13, 2018
Babatunde Fashola, Nigeria’s minister of power, works, and housing, said Monday that the country has secured the World Bank approved $486 million for the expansion of electricity transmission. The minister disclosed this at the 25th monthly power sector meeting in Uyo, Akwa Ibom State, where he said Nigeria has 5000 megawatts distribution capacity as the generation capacity has reached 7000 […]
Unutilised power levels rise, reaching 17,184.29MWs, but DisCos reject blame
Bukola OdufadeFebruary 19, 2018
Nigeria’s Generating Companies (GenCos) continue to generate more electricity than Transmission Company of Nigeria (TCN) and the distribution companies (DisCos) can handle. According to data released by the country’s Transmission Company of Nigeria (TCN), the total megawatts consumed in the first two weeks of February 2018 was 34,490.32 megawatts while actual generation by the GenCos for […]
Ikeja Electiric launches PowerPlay game to promote customer safety
Bukola OdufadeFebruary 7, 2018
Nigeria’s largest electricity distribution company, Ikeja Electric Plc (IKEDC), has launched a board game called Power Play, as part of its safety enlightenment campaign. In a statement released by the company in Lagos, Nigeria on Wednesday, the company said the game is designed to provide information relating to hazards and common violations and operational aspects […]