Tag Archives: Federal government

Nigeria to reach 6,000 megawatts by March 2016 – Osinbajo

Nigeria to reach 6,000 megawatts by March 2016 – Osinbajo

Vice President Yemi Osinbajo on Monday said the Federal Government had plans to distribute 6,000 megawatts of electricity in the country by the first quarter of 2016. According to a statement by the Senior Special Assistant on Media and Publicity to the Vice President, Laolu Akande, Mr. Osinbajo stated this at Kaleta in the Republic

Electricity: NERC orders review of fixed charges

The Nigerian Electricity Regulatory Commission, NERC, has directed electricity Distribution Companies (Discos) to urgently restructure their fixed charges in order to ensure no Nigerian is made to pay for electricity not consumed. The Discos have also been directed to discontinue the practice of bulk metering. The action of NERC is in line with an earlier

Regulator threatens electricity firms for exploiting unmetered customers

Dissatisfied with the level of implementation of the Credited Advance Payment for Metering Implementation by majority of the power distribution companies, the Nigerian Electricity Regulatory Commission has said it will soon commence enforcement of compliance with the terms of of their operational license. Consequently, the Commission said on Thursday that the DISCOs have been given

FG kicks against fixed electricity charges

The federal government has said the monthly fixed charges component of the electricity tariff collected from Nigerian consumers is not “a very good thing.” The permanent secretary of the ministry of power Godknows Igali stated this yesterday while addressing State House journalists after briefing President Muhammadu Buhari on the activities of the ministry. Igali also

Power Bulk Trader to Cut PPAs Negotiations Timeline to Six Months

The Nigeria Bulk Electricity Trading (NBET) Plc said it has made some major improvements in the content of Power Purchase Agreements (PPAs) to be negotiated and deployed by potential investors for setting up greenfield power generation plants in Nigeria. NBET,  which is also referred to as the bulk trader, procures bulk electricity from generation companies

Epileptic power supply: Igali blames Discos, poor infrastructure

The Permanent Secretary, Federal Ministry of Power, Dr. Godknows Igali, has blamed poor infrastructure and the inability of electricity distribution companies (DISCOS) to evacuate generated power and supply same to teeming consumers as responsible for the current epileptic power supply being experienced in several parts of the country Igali, who made the disclosure, in Abuja,

DISCOs seek Presidency’s help over alleged N7b debt

ELECTRICITY distribution companies (DISCOs) has lamented how the debts allegedly owed them by Ministries, Departments and Agencies (MDAs) are crippling the electricity sector. They therefore, called on the Presidency to come to their aid and direct security agencies and other government bodies to pay up their debts. The DISCOs, which have come under the umbrella

ELECT

Nigeria has Capacity to Deliver 5,500mw of Electricity, Loses N1.5bn Yearly to Vandalism, says Nebo

The Minister of Power, Prof. Chinedu Nebo, said on Friday that the Federal government had the capacity to deliver 5,500 megawatts of electricity to Nigerians regularly if there was adequate gas supply. Nebo said this when he fielded questions from State House correspondents after the meeting of the Board of the Niger Delta Power Holding

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