‘BPE’s stand on Discos makes it accomplice in their poor performances’
Industry experts have picked deep holes in what they describe as the strange of the Bureau of Public Enterprises (BPE) in opposing the reversal of the privatisation of the country’s power sector. Before now, every stakeholder in Nigeria’s power project…
Drop in gas supply frustrated power generation throughout 2019
Fact check beginning from January 2019 to year end on reasons behind poor supplies of electricity across the country has revealed that distorted supply of gas to power plants remains the highest factor amongst others. Also, the poor supply of…
New power policy rendering Discos technically useless in power value chain?
The newly unveiled electricity distribution policy, called ‘willing seller, willing buyer’ have continued to generate confusion as to the place of Discos in the emerging new value chain of electricity delivery from generation to end users. In a statement issued…
Gencos copies Buhari, Osinbajo petition to NERC, says 0.75% charge toxic
The crisis rocking the nation’s energy sector may be multiplying following the copying of a recent petition written by the body of power generation companies to the Presidency and other relevant agencies of government. The body had before the end…
Gencos, Discos have failed their agreements in powering Nigeria—Esele
Former President of the Trade Union Congress (TUC), Mr Peter Esele, has explained that against established timelines in the privatisation agreement sealed during the unbundling of Power Holding Company of Nigeria (PHCN), both the Gencos and Discos had failed to…
SERAP drags Fashola to court, seeks interpretation of spending on power firms
Global best practices on privatization means no more government involvements in terms of expenses either for or on behalf of new owners of privatized government enterprises. However, the Socio-Economic Rights and Accountability Project (SERAP) has observed that this is not…
Darkness looms in Nigeria as huge debt may distort gas supplies contract to Gencos
Following debt build up to the tune of over 92% payment shortfall to power generation companies (Gencos) by the Nigerian Bulk Electricity Trading (NBET) Plc, indications emerged on Tuesday that nationwide light out is underway. It was gathered that the…
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),…
