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Tag: Electricity Distribution Companies

Electricity

How DisCos paid NBET N212bn in six months – Report

Electricity distribution companies otherwise known as DisCos, paid N212 billion of their total invoice to the Nigerian Bulk Electricity Trading Plc, between January and June 2022. According to the Nigerian Tribune, this is based on a total invoice value of N388 billion and a minimum remittance order of N315 billion. The report also stated that […]

Power generation dropped 43mw after worker's strike - FG
News

Power generation dropped 43mw after worker’s strike – FG

Data received from the Federal Ministry of Power on Sunday revealed that the recent one-day strike by employees of the Transmission Company of Nigeria caused Nigeria’s power generation to plummet from a peak of 4,829.5 megawatts to as low as 43MW. AMBusiness reported that the nation’s electricity grid was shut down last Wednesday by transmission […]

Power generation dropped 43mw after worker's strike - FG
Electricity

Power intervention fund hits N2.9trn

The Federal Government’s intervention fund for electricity distribution companies has increased to N2.9 trillion. According to The PUNCH, the fund which moved from N2 trillion in May of this year represents a 45% increase over the period. By estimation, the N2.9trn is the total funding extended to the sector since privatisation in 2013. The Director-General, […]

Power generation dropped 43mw after worker's strike - FG
Electricity

FG owes N100bn electricity subsidy – Discos

Electricity distribution companies have said that the Federal Government had failed to pay the N100bn subsidy on electricity since the privatisation of the sector in November 2013. They reacted on Sunday to the takeover/restructuring of five Discos by the Federal Government through the Bureau of Public, describing the move as a backdoor renationalisation of the […]

Power generation dropped 43mw after worker's strike - FG
Energy

Blackout as national grid collapses

Power generation on the national grid collapsed to zero megawatts around 10.40am on Monday, leading to widespread blackout across the country. Different power distribution companies alerted their customers about the grid collapse, stressing that it was what led to the outages. Enugu Disco, for instance, described it as a general system collapse, adding that the […]