News

NBET RECEIVE FRESH FUNDS TRANSFER

August 11, 2018 Jeremiah 0

The Association of Nigerian Electricity Distributors (ANED) and the Association of Electricity Distributors Investors (AEDI) alleged that the Ministry of Power had diverted the funds into awarding “frivolous, over-priced and senseless contracts”. The allegation followed […]

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ISSUES IN THE NIGERIAN POWER SECTOR

August 10, 2018 Jeremiah 0

The Nigerian power sector is one saddled by huge debt, the Federal Government owed N185 billion judgement debts due to aggrieved parties challenging in court decisions by government officials that were not thoroughly evaluated. This was […]

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HIKE IN ELECTRICITY TARIFF IMMINENT

August 8, 2018 Jeremiah 0

Residential consumers face a 14% increase in electricity tariff due to the Eligible Customer Policy introduced by the Federal Government in the power sector, power distribution companies have said. The policy which was introduced in […]

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ANOTHER LIFELINE FOR THE DISCOS

August 7, 2018 Jeremiah 0

The Federal Government has approved a ₦72 billion investment in the electricity investment in the Electricity Distribution Companies (DisCos) to enable them to upgrade their distribution infrastructure and boost power generation. It also appointed the […]

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DISCOS LOOKING TO SELL AT DISCOUNTED RATES

August 6, 2018 Jeremiah 0

The controversy surrounding the power sector plunged into further turmoil as investors in the electric Distribution Companies (DisCos) threatened to quit the business and divest their assets at discounted rates. The investors, who made this […]

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