Any W/bank facility to Discos’ll be diverted to paying bad loans, meaning no light—Expert
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 into settling existing bad loans which will translate to continued…
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…
Discos focusing on servicing loans not investing in metering, transformers, others—report
Fresh reason has emerged on why the country may not experience better services from Power Distribution Companies (Discos) any time soon. Otherwise, the Federal Government’s Power Sector Recovery Programme (PSRP) report bumped on by our Energy Correspondent has shown that “Evidence…
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…
