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Electricity Distribution Companies
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday served notices to eight electricity distribution companies (DISCOs) of its intention to revoke their operational licences if they fail within 60 days to remedy alleged ‘breaches of the terms and conditions of their power purchase agreements’.
The Speaker of the House of Representatives, Femi Gbajabiamila, has said the lower chamber of the National Assembly would ensure that Nigerians get adequate supply for the electricity they pay for.
The Federal Government of Nigeria, on the 26th of July, signed an agreement with the German company, Siemens, to help the nation’s power sector.
Some stakeholders in the power sector have called on the Federal Government to fulfill its 40 per cent funding to electricity distribution companies (DISCOS) to enable them function effectively.
Barring any unforeseen circumstances, the implementation of the agreement which the Federal Government signed with Siemens for the resolution of challenges in the power sector will take off in December.
The implementation of the technical and commercial proposal on electrification roadmap for Nigeria by Siemens Group will commence by the end of the year, the Director-General, Bureau of Public Enterprises, Alex Okoh, has said.
An end to the erratic power supply in Nigeria is far from sight. Reason: Nigeria’s power sector losses have risen to N332.4 billion due to insufficient gas supply, distribution and transmission infrastructure between January and July, 2019.
Not comfortable with the inability of the Electricity Distribution Companies to live up to their responsibilities, the Federal Government is to focus critically on the power sector in order to break the monopoly on power distribution.
Electricity Distribution Companies (DisCos) Monday denied the allegation of the Transmission Company of Nigeria (TCN) that the system collapse that was experienced on Sunday was “due to high voltage following massive drop of load by the electricity distribution companies.”
The management of Transmission Company of Nigeria (TCN), says massive load drop by electricity distribution companies was responsible for the system collapse to the national grid, occasioned by the fire outbreak that gutted their transformer in Benin, Edo State.
The Federal Government has ordered the disconnection of three electricity distribution companies (DisCos) from the national grid over “non-compliance with the conditions of market rules”.
The federal government has ordered the disconnection of three electricity distribution companies from the national grid over “non-compliance with the conditions of market rules”.
Electricity Distribution Companies (DisCos) in Nigeria have called for the creation of an enabling environment to ensure cost recovery and further drive investments in the nation’s power sector.
Chairman of Presidential Advisory Committee on Anti-Corruption (PACA), Prof. Itse Sagay, on Thursday applauded the leadership of the ninth Senate for its commitment to service of the country.
President of the Senate, Ahmad Lawan, on Thursday said the Senate is yet to receive any formal request from President Muhammadu Buhari for confirmation of the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu.
The new Commissioner of Police deployed to the Edo State Police Command, CP Lawal Tanko Jimeta, yesterday, said he would be firm in carrying out his duty in order to ensure the safety of lives and property of the citizens of the state.
Mr Chidi Izuwah, the Director-General, Infrastructure Concession Regulatory Commission (ICRC) has said that the Federal Government approved Public-Private Partnership (PPP) projects worth eight billion dollars between 2010 and 2018.
The National Economic Council, NEC, yesterday resolved to review the status of the ownership structure of the power distribution companies in the country.
A member of the House of Representatives, Rep James Faleke (APC-Lagos), has disagreed with the death sentence for hate speech as proposed by a bill currently before the Senate.
The traditional ruler of Borno, also made a cash donation of N100, 000 to the NSCDC Divisional Officer in charge of the Maiduguri metropolitan council, who sustained a serious injury on his head and other parts of his body, as a result of the incident.
It, therefore, directed the Federal Ministry of Health to set up an efficient and proper mechanism to identify and prevent the commercialization of medical reports by public hospitals in the country.
A Federal High Court in Lagos has granted an interim order restraining 22 banks from honouring any MasterCard transaction bearing the logo of the National Identity Card Management Commission (NIMC).
ASUU spoke on the latest directive by the Federal Government that her officials would move to campuses to begin enrollment of university workers on the Integrated Personnel Payroll and Information System (IPPIS).