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Nigeria Bulk Electricity Trading Plc

DisCos: Minister Fashola spending $5.6 million to generate 1mw of electricity instead of $1.5...

The Association of Nigerian Electricity Distributors has accused the Minister of Power, Works and Housing of spending $5.6 million to generate 1 megawatt of electricity instead of $1.5 million proposed by power developers from the private sector.

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.

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.

$550m Ondo power plant: PPA will boost investors’ confidence, improve national grid by 550MW

The Power Purchase Agreement (PPA) between Kingline Development (KLD) and Nigeria Bulk Electricity Trading Plc (NBET) for construction of 550Mega Watts(MW) plant valued at 550million dollars will boost confidence of would-be investors in the project.

Federal govt, firm sign power purchase agreement on 40mw

The Federal Government has signed Power Purchase Agreement (PPA) with Mabon Nigeria Limited, which is currently executing 40 megawatts hydro-power project.

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