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…
Escrowing Discos accounts contrary to power sector reform Act, policy—ANED
More rejections have continued to trail the planned escrowing of accounts of power distribution firms and their Gencos counterparts, but several industry experts have mounted pressure against the plan. Sunday Oduntan, Executive Director, Association of Nigeria Electricity Distributors (ANED), said…
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…
Fashola uncovers key reason for funding crisis in Nigerian power sector
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. Babtunde Fashola, has disclosed that their top officials were awarding…
Expert berates Gencos, Discos for not investing enough since take over
Energy analyst, Dr. Gayus Musa has lampooned Power generation and distribution firms for not investing or drawing inflow of foreign direct investment (FDI) since they took over the sector few years ago. He accused the companies of trying to jerk…
