‘Tying access of N600bn power fund to new 0.75% admin charge on gas Greek gift’
Body of power generation companies (Gencos) under the auspices of Association of Power Generation Companies (APGC), has rejected the sudden introduction of 0.75 percent ‘unregulated’ administrative charge for gas supply transactions being introduced by the Nigerian Bulk Electricity Trading Plc…
Lagos 2019 Power Nigeria summit to review challenges as supplies worsen
The current drop in supplies of electricity nationwide due to issues bordering on transmission crisis despite upon the $1.63bn intervention so far made by the government arm of the industry, the Transmission Company of Nigeria (TCN) will take centre stage…
How Fashola left without setting template for 10,000MW transmission capacity
At the onset of the just ended first tenure of President Muhammadu Buhari in 2015, the administration came with humongous assurance that it is setting up a template that will between 2016 and 2019, deliver template that will add 10,000MW…
Rising stranded capacity means TCN, Discos lacked capabilities—AGPC boss
At a time the Minister of Power, Works and Housing, Mr. Babatunde Fashola is forcing Nigerians to believe that 24 hours electricity supply is live, the Executive Secretary, Association of Power Generation Companies (APGC), Dr Joy Ogaji, has opened up…
Experts seek unbundling of Fashola’s ministry to revive power sector
As part of fresh efforts to save the nation’s power sector from total collapse, industry analysts have called on the re-elected President Muhammadu Buhari to as a matter of urgency, unbundle the Ministry of Power, Works and Housing currently managed…
42,160MW wasted due to transmission, distribution crisis in 2018—APGC
New report from the Association of Power Generation Companies (APGC), has disclosed that the nation lost about 42,160.87 mega watts (MW) of electricity out of the 88,566.43MW generated by power generation companies (Gencos) in 2018 due to evacuation crisis between…
Nationwide darkness imminent as Shell, Total cut gas supply to Gencos
For rising debts profiles, leading gas explorers including Shell and Total have cut off gas supplies to four gas generating (Gencos), thus forcing them to shut down production as a result of their failure to pay gas debts. It would…
Darkness imminent as Gencos owe gas suppliers over N1tn since June–Ogaji
The Executive Secretary, Association of Power Generation Companies (APGC), Dr Mrs Joy Ogaji, has hinted of imminent collapse of electricity supplies nationwide if the quantum of owed the group by Distribution Companies (Discos) are not cleared as soon as possible….
Darkness looms in Nigeria as huge debt may distort gas supplies contract to Gencos
Following debt build up to the tune of over 92% payment shortfall to power generation companies (Gencos) by the Nigerian Bulk Electricity Trading (NBET) Plc, indications emerged on Tuesday that nationwide light out is underway. It was gathered that the…
Why Gencos’ revenue dropped to N32bn in May
More facts have emerged on why several power generation companies (Gencos) recorded about N31.7 billion revenue shortfall in the month of May. Findings by Business Hilights indicated that the shortfall stemmed from the failure of Discos to pay commensurate invoices…
