Nigeria’s power liquidity gap hits N1 trillion – EKEDC boss

The Chief Executive Officer of Eko Electricity Distribution Company (DisCo), Dr Oladele Amoda has lamented that the funding gap in the power sector has...

Nigeria needs 180,000 MW electricity – GenCos

The Association of Power Generation Companies GenCos, has said the country needs 180,000 megawatts of electricity to be sufficient. The body, through its Executive Secretary...

Senate Committee plans public hearing on power sector

As the Senate Committee on Privatization and the Bureau of Public Enterprises (BPE) crisscross the power sector to assess the industry and get acquainted...

Forex volatility contributes to power sector challenges

The Abuja Chamber of Commerce and Industry Ltd (ACCI) has said that instability in Forex, inadequate liquidity and insufficient gas supply are inhibiting optimal...

Electricity: Discos to lose N164b by 2018

By 2018, Nigeria’s electricity distribution companies, DisCos, would have lost a whopping N164 billion to under-recovery of cost otherwise known as sculpting. According to the...

Group wants N90.4bn CBN electricity fund accounted for

The Association of Nigerian Electricity Distribution Companies (ANEDC) has said that a balance of N90.4 billion out of the N213 billion Federal Government’s intervention...

Why DisCos want subvention, or 200% hike in tariff

Electricity distribution companies of Nigeria, DisCos, have hinted that they want government subvention of they would require over 200 percent increase in electricity tariff...

GenCos, DisCos trade blames over low power output

  Electricity generating companies (Gencos), and their counterparts in the distribution networks, (the Discos), at the weekend traded blames, accusing each other of being responsible...

NERC, Works Ministry feud over destruction of electricity infrastructure

The Nigerian Electricity Regulatory Commission, NERC, has raised concerns over destruction of electricity facilities due to engineering and construction works across the country. According to...

Egbin Power plans $630 million plant for Tanzania

Nigerian Energy company, Egbin Power Plc, is expanding and set to mark its new territory in Tanzania, by constructing a natural gas-fired power plant. While...

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