Fashola warns Discos to rise to the challenges of emerging raining season
Though rainy season is when more power outputs are produced from dams, the Minister of Power, Works and Housing, Babatunde Fashola, has warned Discos and handlers of transmission arm of the power sector to rise to the challenges associated with…
Expect more suits against Discos over estimated billing by power consumers—lawyer
A Lagos legal and human right activist, Prince Lanre Adebowale has observed that the rising cases of extortionist billing on power consumers, popularly called estimated billing by electricity Distribution Companies (Discos) will continue to raise eyebrows and mass actions from…
Deploying meter bypass trackers’ll end power theft, grow Discos’ profitability
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 deny in the first instance chances of bypassing meters by…
As Discos reject supplies, German power firms seek to pay consumers for usage
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 Nigeria, there had been a running battle between Gencos and…
Recapitalisation, debts reecho as ECOWAS power summit begins
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 problems. Otherwise, Distribution Companies (Discos) and Transmission Company of Nigeria…
Power hits 7001MW, all time high, but evacuations remain poor
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 on the fact that since September 12 this year (2017),…
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…
Can Fashola’s strange advice on direct purchase from Gencos boost or kill Discos?
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 in the industry. The Minister last week empowered the consumer…
FG’ll not review power privatization, but causes of poor performance
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 the best bet for the power sector remains a review…
NERC empowered to punish Discos rejecting supply of power for distribution
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 reject electricity allocated to them by the Transmission Company of…
