Okechukwu Nnodim The Abuja Electricity Distribution Company has acquired a €2.4m (about N1.03bn) Integrated Commercial Management System in order to effectively tackle cases of electricity theft in its franchise area. It also said it had trained 47 employees, who will subsequently train others in managing the InCMS, adding that the facility would enhance its database, […] …
power firm
Power sector’s commercial framework not working – Obiaya
The Chief Executive Officer, Association of Nigerian Electricity Distributors, Mr Azu Obiaya, in this interview with ’FEMI ASU says there is a need to address the tariff gap in the nation’s power sector The liquidity challenge in the power sector still persists, and it is unlikely that the government is going to increase the tariff […] …
Power distributors owe NERC, NBET, TCN N205.51bn
Okechukwu Nnodim Power distribution companies are not only indebted to their counterparts in the electricity generation arm of the sector, they also owe service providers a total of N205.51bn. The service providers in the power sector are the Nigerian Electricity Regulatory Commission, the Nigerian Bulk Electricity Trading Plc, the Transmission Service Provider, the System Operator […] …
IBEDC invests N11.5bn in metering, network
‘Femi Asu Ibadan Electricity Distribution Company has said it invested over N11.5bn in metering, network upgrade and rehabilitation in the last six months. The company’s Managing Director, Mr John Donnachie, who disclosed on Friday, during a facility tour and equipment inspection in Ibadan, said the investment was aimed at improving service delivery to consumers. Donnachie, […] …
Power distributors withholding transmission expansion funds, says TCN
Okechukwu Nnodim Power distribution companies are withholding money meant for the expansion of Nigeria’s electricity transmission network, the Transmission Company of Nigeria has said. According to the TCN, the poor remittance from the Discos has made the country’s transmission company the most vulnerable arm of the power value chain in Nigeria. This is coming as […] …
Divergent views from consumers as Discos demand budgetary intervention
Power sector investors want a budgetary intervention from government to address the worsening liquidity squeeze in an industry that currently runs a deficit of about N1.5tn, OKECHUKWU NNODIM reports Between January 1 and August 8, 2018, Nigeria’s power sector lost N302.26bn as a result of electricity distribution, transmission, gas supply and water management challenges, latest […] …
Power firms, others lost N268bn in six months
Okechukwu Nnodim The losses incurred in Nigeria’s power sector have been on a persistent rise as the Federal Government and electricity distribution companies continue to disagree over issues affecting the industry. Latest data obtained from the Advisory Power Team in the Office of the Vice President on Friday showed that between January 1 and July […] …
Fashola lambasts power firms for sabotaging economy
Okechukwu Nnodim, Abuja The Minister of Power, Works and Housing, Babatunde Fashola, on Friday lambasted the Association of Electricity Distributors and condemned its recent reaction to his directives to the Nigerian Electricity Regulatory Commission, the Bureau of Public Enterprises and Nigeria Bulk Electricity Trading Company. Fashola, who called the association’s spokesperson an interloper, stressed that […] …
Power grid records first total collapse in four months
’Femi Asu The nation’s power grid has suffered a total collapse this month, for the first time since February. Data obtained from the Federal Ministry of Power, Works and Housing on Friday showed that the grid collapsed on June 8, bringing the number of total collapses recorded so far this year to seven. Following the […] …
Power firms demolish 602 buildings on right of way
Okechukwu Nnodim, Abuja Four power distribution companies have disconnected and demolished a total of 602 buildings that are located within the right of way of power lines in their respective franchise areas. Findings from the Federal Ministry of Power, Works and Housing in Abuja on Thursday showed that the demolition and disconnection were mainly carried […] …