THE Tariff Band Methodology deployed by Nigeria’s electricity distribution companies (DisCOs) to promise regular power supply is misleading and unrealistic, and the DISCOs have used it to rip off customers without supplying commensurate power to them. Going by the band […]
Month: September 2021
Husk Power Systems Enters Nigeria; To Set Up 7 Solar Minigrids
The agreements were signed by the Rural Electrification Agency (REA) and the company’s Nigerian entity, Husk Power Energy Systems Nigeria Ltd. New Delhi: Rural energy services company Husk Power Systems announced it has concluded agreements to develop and operate seven minigrids with […]
N2.7trn Owed by Oil, Gas Firms Can Service Nigeria’s Debt—NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Tuesday disclosed that 77 oil and gas companies operating in Nigeria currently owe the country $6.48 billion (N2.7 trillion), which can be used to service Nigeria’s debt. In a statement issued in […]
CBN Pumps N424.14bn Into Power, Gas Infrastructure
The Central Bank of Nigeria (CBN) said it has given out N424.14 billion to help develop electricity and gas infrastructure in the country. The apex bank maintained that the federal government needs about $100 billion annually to address the nation’s […]
Senate: Mambilla Hydro Electric Power Project Takes Off this Year
The long delayed work on the Mambila Hydro Electric Power Project in Taraba State will commence before the end of year 2021, the Senate has assured. The Red Chamber has also resolved all financial and legal technicalities hindering the take […]
Senate Moves to Improve Nigeria’s Power Generation Capacity
Nigerian Senate 28th September, 2021 The Senate on Tuesday considered the Electricity Bill, 2021, which seeks to consolidate all legislations in the power sector into one electricity statute, with the ultimate aim of improving Nigeria’s power generation capacity. The bill […]
Illegal Billing: Reps to Probe DISCOs
To check the trend of high electricity tariffs by electricity distribution companies, the House of Representatives has mandated its committee on power to investigate the allegations of over-billing by Nigerians. The committee is to investigate the allegations of overbilling, illegal […]
BEDC begins network clean up to boost service delivery
As part of efforts at improving service delivery in line with the Service Reflective Tariff (SRT) regime in the electricity supply industry, Benin Electricity Distribution Company Plc (BEDC) has begun a major network clean up which entails mass disconnection of illegal […]
Estimated Billing: New Customers Pay Millions, As DisCos Flout Metering Policy
Minister of Power, Engr. Abubakar Aliyu and Acting managing director of TCN, Sule Ahmed Abdulaziz New electricity consumers in Nigeria are being ripped off by power distribution companies (DisCos) through estimated billing despite a policy stating that all new […]
Power Firms Lose N2.65b to Vandals in N’East
(Photo by PIUS UTOMI EKPEI / AFP) The Transmission Company of Nigeria (TCN) has affirmed a N2.65 billion loss to vandals of power lines in Borno and Yobe states. According to its Managing Director, Sule Abdulaziz, the economic saboteurs destroyed […]
