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SERAP sues Minister Fashola for failure to disclose money spent on power privatisation

The suit filed on behalf of SERAP by its counsel, Bamisope Adeyanju, read in part: “Publishing the information requested and making it widely available to the public would serve the public interest and provide insights relevant to the public debate on the ongoing efforts to prevent and combat a culture of mismanagement of public funds, corruption and impunity of perpetrators.”

Mixed constraints force power sector to lose N201 billion in Q1

An operational report on how Nigeria’s privatised electricity market fared within the first 156 days of 2018, that is from January 1 to June 5, on Wednesday disclosed that through a mixture of constraints, the market could not earn N201,298,000,000 of the revenue that could have come to it.

GENCOs tackle TCN on allegation of falsified generation capacity

Electricity generating companies (GENCOs) on Sunday faulted the allegation that they claim to generate more electricity than they do so as to collect more money.

NERC discards method for calculating electricity tariff

The Nigeria Electricity Regulatory Commission (NERC) has discarded the multi-year tariff order (MYTO) to cross check whether consumers are being cheated with the computation.

NBET: Three DisCos ignored N8.68bn bill in February

Data from the Nigerian Bulk Electricity Trading Plc (NBET) have shown that three electricity distribution companies (DisCos) made zero remittance to generation companies (GenCos) from the N8.68 billion invoice of February 2018.

SERAP asks Minister Fashola to account for post-privatisation spending on power sector

“The information requested for, apart from not being exempted from disclosure under the FOI Act, bothers on an issue of national interest, public concern, interest of human rights, social justice, good governance, transparency and accountability.”

Report: Power sector lost N154 billion in 125 days

Between January 1 and May 5 this year, the power sector lost about N154bn as a result of the unavailability of gas, distribution and transmission infrastructure, as well as water reserve challenges, the Federal Government has said.

Babatunde Fashola: Nigeria can generate, transmit over 7,000MW of electricity

The Minister of Power, Works and Housing, Mr Babatunde Fashola, says that the country now has the capacity to generate not less than 7,000 Megawatts (MW) of electricity.

Babatunde Fashola: Meter supply to electricity consumers will get better

The Minister of Power, Works and Housing, Mr Babatunde Fashola, says supply of meters to electricity consumers will improve following the approval of a new regulations for meter asset providers.

Minister Fashola accuses GenCos of plotting to sabotage power supply

Babatunde Fashola, Minister of Power, Works and Housing, on Monday accused power generating companies in the country of planning to disrupt energy supply to sabotage government’s efforts to revamp the economy through improved electrification of the country.

Minister Babatunde Fashola reassures Nigerians of steady power supply

The Minister of Power, Works and Housing, Mr Babatunde Fashola said that the Federal was making efforts to ensure steady power supply in the country.

Minister Babatunde Fashola accuses GENCOs of blackmail, politicking

Nigeria’s Minister of Power, Works and Housing, Babatunde Fashola, on Monday said he was not afraid of going to the law court over allegations of preferential treatment offered two power generating companies.

Power generation companies drags federal govt to court

Power Generation Companies (GENCOs) have sued the federal government for alleged discriminatory treatment of the companies and their gas suppliers with intent to harm their business interests.

Nigeria now able to produce 7,000MW – Babatunde Fashola

Nigeria’s Minister of Power, Works and Housing, Babatunde Fashola, says Nigeria’s power generating companies (GenCos) are now able to produce 7,000MW.

Federal govt recovers 500 stranded containers with transmission expansion equipment

The Federal Government on Tuesday in Abuja announced that it has recovered 500 “stranded’’ containers belonging to the Transmission Company of Nigeria (TCN).

Gencos gulped N152.9bn of N701bn power sector fund in seven months

The Nigeria Bulk Electricity Trading Plc (NBET) has disbursed a total of N152.974 billion to 23 power generation companies (Gencos) within the first seven months of 2017, according to a report.

Federal govt intervention funds saved power sector from total collapse – Chiedu Ugbo

For the N701 billion intervention funds granted the Power Generation Companies, GENCOs, by the Federal Government early last year, the power sector would have experienced total collapse, Managing Director of Niger-Delta Power Holding Company, NDPHC, Mr. Chiedo Ugbo, has said.

Power supply to improve as burnt pipeline repaired – Babatunde Fashola

The Minister Of Power Works and Housing, Babatunde Fashola, said the Western gas pipeline that got burnt last week has repaired and restored.

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