Blame game deepens as Discos trace grid collapse back to TCN’s transmission lines
Barely one week after the management of Transmission Company of Nigeria (TCN) blamed the 11 electricity Distribution Companies (Discos) for all the recorded collapse of national grid this year, Association of Nigerian Electricity Distributors (ANED), the umbrella body of Discos…
Lagos risks darkness if Eko, Ikeja Discos fail TCN’s MO condition
Time is ticking away for the two electricity Distribution Companies (Discos) serving Lagos if they fail to meet up the required amount established by Market Operator (MO) to serve as a form of guarantee of payment for all amounts to…
National electricity grid collapses for the eighth time this year, TCN blames Discos
Blame game has intensified between the government-owned Transmission Company of Nigeria (TCN) and the body of electricity Distribution Companies (Discos) over the endless wait for the regime of seamless stability in power. Weekend, Business Hilights gathered that the Nigerian national…
Discos reveal one of two reasons it can’t recapitalize, conceals most sensitive
After long period of silence over repeated calls by stakeholders and mainly the Transmission Company of Nigeria (TCN), the leadership of the Association of Nigerian Electricity Distributors (ANED), has came out of their shell to give reasons why recapitalisation of…
Findings reveal why latest estimated electricity bills by Discos are crazier
Fresh facts have emerged on electricity consumers who are still on estimated billing regime will continue to experience monthly rise in bills sent to them by Discos. This is as the indebtedness of Discos to the Transmission Company of Nigeria…
Without Discos investing in infrastructure, steady electricity’ll be elusive—TCN
The only guarantee to end incessant collapse of electricity distribution networks across the nation as a result of the rainfall and obsolete infrastructure being experienced nationwide remains massive investment in infrastructure by distribution companies (Discos). This is, and has been…
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…
Estimated billing: Discos don’t lose money when supply deteriorates—Findings
A report released by Business Hilights Intelligence Unit (BHIU), an independent research arm of Media Hilights Integrated Company Limited, publishers of Business Hilights, has revealed that contrary to insinuations that whenever electricity supplies drop, Distribution Companies (Discos) are at loss,…
$1bn loan: TCN’s revelations on Gencos, Discos send warning signal to W’Bank
Barely two weeks after the Minister of Finance, Mrs Zainab Ahmed met with officials of the World Bank for $1bn power sector revival loan at the Spring Meeting of the bank and IMF in New York, the Managing Director/Chief Executive…
Regular collapse of national grid may make or mar W’Bank’s $1bn loan approval
Considering its core industrial support policy, the ongoing $1bn loan discussion with the World Bank may receive the needed speed to save the nation from total power collapse following embarrassing momentary collapse of the national grid. On the other hand,…
