Tag Archives: NBET

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Why Discos Want Cost-Reflective Electricity Tariffs

Why Discos Want Cost-Reflective Electricity Tariffs

There is the impression out there that the new utility owners are not doing enough to improve service. What challenges do Discos face? Every investor that invests in a business will want to do it well so that they can make profit. The more electricity we distribute, the more profit we shall make. It is

Power firms in Nigeria lack capacity building – NBET

Power firms operating in Nigeria, especially in the electricity distribution subsector lack requisite capacity building initiatives, the Nigerian Bulk Electricity Trading Company Plc. (NBET) has disclosed. NBET’s Managing Director/Chief Executive Officer, Mr. Rumundaka Wonodi, made the disclosure while receiving a team from Deloitte Global, an international consultancy firm, at the headquarters of the bulk trader

DISCOs Get Deadline to Pay Debts for Procured Power

Defaulting electricity distribution companies in the country have been given up till tomorrow to Friday to pay up their outstanding debts or risk stiff sanctions. This notice was issued yesterday by the Nigerian Bulk Electricity Trading Limited (NBET), explaining that the debts covered outstanding payments for capacity and energy invoiced for February, March and April

ELECT

Nigeria: Power Receives Funding From Banks

Apart from the effort from the Federal Government to ensure that electricity generation is boosted in the country, some financial institutions have also pledged their support to finance some of the projects that will increase electricity generation in the country. For instance, the African Development Bank (AfDB) recently approved 184.2 million dollars loan (N29.4billion) to

ELECT

AFDB Commits $200m to Coal-to-Power Projects, Says FG

In its determination to deepen the development of the renewable energy, the African Development Bank, AFDB, has offered to provide a support to the tune of about $200 million towards the growth of coal-to-power projects in Nigeria. The Managing Director and Chief Executive of Nigerian Bulk Electricity Trading PLC, NBET, Mr. Rumundaka Wonodi, who disclosed

2nd Chartered Institute of Stock Brokers CIS Nat Workshop .

FG Plans to Restructure Electricity Management Agencies for Efficiency

Minister of Power, Prof. Chinedu Nebo, has disclosed plans to bring key agencies and companies with responsibilities over power supply and equipment management under one roof to ensure efficiency and quality electricity supply. Nebo explained that Nigeria’s NBET, which was conceived as a stop-gap agency while the sector was in transition might need to consider

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Nigeria, US finally Sign MoU on 10,000mw Power Africa Initiative

Even though they happened separately, the signing of a Memorandum of Understanding (MoU) between Nigeria and the USA on a 10,000-megawatt (mw) power generation project and the release of 248 abandoned containers of imported power equipment worth billions of naira belonging  to the defunct Power Holding Company of Nigeria (PHCN) portend hope of more Nigerians

Investors, Regulators Await Nigeria’s Transitional Electricity Market

The delay in the official declaration of Nigeria’s transitional electricity market (TEM) will be discussed as Africa’s energy ministries and utilities with global energy investors and developers meet during the Africa Energy Forum (AEF) to be held in Istanbul, Turkey. The Nigerian power sector privatisation exercise was a historic reform that for the first time

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