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Tag: IBEDC

Private power supply costs N750/kWh, says Minister Adelabu
Electricity

Adelabu slams IBEDC over undistributed 59,000 free prepaid metres

The Minister of Power, Chief Adebayo Adelabu, has criticised the Ibadan Electricity Distribution Company for distributing only 16,300 out of the 59,000 free prepaid meters supplied by the Federal Government. He described the development as unacceptable and detrimental to both consumers and the power sector. The minister made his position known during a one-day working […]

Customers oppose Discos' plan to recover prepaid meters
Electricity

IBEDC announces blackout in Ibadan communities

The Ibadan Electricity Distribution Company has announced that no fewer than 22 communities in Ibadan, the Oyo State capital, will experience daily power outages lasting about three hours due to ongoing road construction activities in parts of the city. The electricity distribution company made this known in a statement issued on Tuesday and shared via […]

Customers oppose Discos' plan to recover prepaid meters
Electricity

Ogun residents protest as IBEDC reject community-funded ₦11m transformer

Residents of Ireakari community in Ilisan Remo, Ikenne Local Government Area of Ogun State, held a protest on Saturday over the alleged refusal of officials of the Ibadan Electricity Distribution Company to connect their transformer to the national grid after the community had spent over ₦11 million on its installation. The protesters wielded placards with […]

Customers oppose Discos' plan to recover prepaid meters
Electricity

AMCON sells 60% stake in Ibadan DisCo

The Asset Management Corporation of Nigeria has announced the sale of its 60 per cent stake in the Ibadan Electricity Distribution Company, as part of ongoing efforts to offload distressed assets and strengthen debt recovery nationwide. Speaking at a media briefing in Lagos on Thursday, AMCON Managing Director and CEO, Gbenga Alade, said the transaction […]

Customers oppose Discos' plan to recover prepaid meters
News

IBEDC, Bresson sign N180bn 24-hour electricity deal for Ogun community

Bresson AS Nigeria Limited and Ibadan Electricity Distribution Company have officially signed a Power Purchase Agreement valued at N180 billion to provide 24-hour electricity to Magboro, Ogun State. The deal, signed on Monday in Lagos, represents a major advancement in efforts to deliver uninterrupted and affordable power to the region, according to The PUNCH. Under […]

Customers oppose Discos' plan to recover prepaid meters
Electricity

Ibadan electricity board sack Achife as MD, appoints successor

The Board of Directors of the Ibadan Electricity Distribution Company has terminated the appointment of the Managing Director of the Ibadan Electricity Distribution Company, Mr. Kingsley Achife, effectively ending his tenure. This was disclosed via an internal memo dated May 31, according to The Punch. The board declined to renew Achife’s contract, naming Francis Agoha […]

Customers oppose Discos' plan to recover prepaid meters
Electricity

Customers oppose Discos’ plan to recover prepaid meters

Customers of power distribution firms are unhappy with their attempts to reclaim prepaid meters for an update. According to The Punch, recently, the Ibadan Electricity Distribution Company notified its clients via Facebook that it will start collecting a set of pre-paid meters for upgrading. The Disco’s publication stated,  “Dear esteemed customers. Kindly be informed that […]

NERC considers increase of prepaid meters
Electricity

IBEDC to upgrade prepaid meter

By Wilson Adekumola   The Managing Director of Ibadan Electricity Distribution Company Plc. Mr Kingsley Achife, has announced upcoming upgrade of its Standard Transfer Specification prepaid meters to boost efficiency that aligns with global standards.   According to the News Agency of Nigeria, Achife made this known in a statement on Wednesday in Ibadan, the […]

Unresolved customer complaints against DISCOs disheartening, says FCCPCC boss
News

NERC yet to give directive on electricity tariff hike – IBEDC

  By Wilson Adekumola The Ibadan Electricity Distribution Company has disclosed that Nigerian Electricity Regulation Commission has not given a directive on the new electricity tariff earlier scheduled to commence on July 1. The Public Relations Officer of IBEDC, Ms Busolami Tunwase, made this disclosure while speaking with the News Agency of Nigeria in Ibadan […]

FG owes N100bn electricity bill debt - Distributors
Electricity

Kwara electricity consumers owe over N50bn – IBEDC

By Wilson Adekumola   The consumers in Kwara State was reportedly owing Ibadan Electriciry Distribution Company the sum of N50 billion naira.   The company’s Lead Media Relations, Mrs Busolami Tunwase, made this known while speaking with journalists during a stakeholders meeting on Tuesday in Ilorin, the state capital.   Tunwase disclosed that the market […]

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