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Tag Archives: Discos

Deploying meter bypass trackers’ll end power theft, grow Discos’ profitability

Meters

Beyond issuing an executive order that illegal connection of electricity by way of meter bypass will attract between N45,000 to N500,000, Discos seem to have stepped up their efforts to ...

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As Discos reject supplies, German power firms seek to pay consumers for usage

fashola switches op transmiter

In Germany, power distribution companies have informed users of their readiness to pay them for regulator and steady usage as renewable energy generation creates huge power surplus. However, here in ...

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Recapitalisation, debts reecho as ECOWAS power summit begins

fashola switches op transmiter

The sixth Powering Africa: Nigeria 2017 Summit, with the theme: “Recapitalising Nigeria’s Power Sector,” yesterday kicked off with high expectations that solutions will be proffered in regards to nation’s energy ...

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Power hits 7001MW, all time high, but evacuations remain poor

TCN

The irony of Nigeria’s power crisis stemmed from the veiled truth that Africa’s largest economy now has the capacity to produce more power than it can distribute. This is based ...

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Why Gencos’ revenue dropped to N32bn in May

NBET

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 ...

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Can Fashola’s strange advice on direct purchase from Gencos boost or kill Discos?

ANED

The recent advice from the Minister of Power, Works and Housing, Mr. Babatunde Fashola, to eligible power consumers to purchase electricity directly from power generation companies has generated serious confusion ...

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FG’ll not review power privatization, but causes of poor performance

Babatunde Fashola

Strange indications are emerging from the corridor of the federal Ministry of Power, Works and Housing, suggesting that contrary to trending expectations of Nigerians and experts in the sector that ...

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NERC empowered to punish Discos rejecting supply of power for distribution

Babatunde Fashola

Due to observed non evacuation of generated power from Gencos by Discos, the Federal Government has directed the regulatory, Nigerian Electricity Regulatory Commission (NERC) to henceforth, sanction distribution companies that ...

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Any W/bank facility to Discos’ll be diverted to paying bad loans, meaning no light—Expert

fashola switches op transmiter

Whereas the Federal Government is seeking $5.2bn from the World Bank to expand electricity generation and distribution, an energy consultant, Shaibu Dada has warned that such facility will be diverted ...

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Fashola uncovers key reason for funding crisis in Nigerian power sector

fashola switches op transmiter

Contrary to speculations and claims that debts owed power distribution companies (Discos) and Gencos were the major cause of paucity of fund, the Minister of Power, Works and Housing, Mr. ...

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