Home Tags GENCOs
The Nigerian Electricity Regulatory Commission (NERC) has alleged that no electricity distribution company (Disco) in the power sector has been able to meet the demands of electricity consumers in the country since the sector was reformed in 2005.
The Central Bank of Nigeria (CBN), Deposit Monetary Banks (DMBs) and other financial institutions should collaborate with a view to repositioning the power sector for growth, Growth & Development Asset Management Limited (GDL) Managing Director, Kola Ayeye, has said.
The European Union on Tuesday announced that it had committed over €156.3m (N53.9bn at N344.88 to one euro) in different financing instruments in Nigeria’s power sector.
In accordance with the directives of the Nigerian Electricity Regulatory Commission (NERC) to bridge the lingering metering gap through the new Meter Asset Providers (MAP) initiative, Ikeja Electric Plc (IE) has declared intentions to roll out about 100,000 pre-paid meters under the scheme from June 17th around the Ikorodu business unit.
As the nation’s power sector remains in crisis mode, the Presidency has met with electricity distribution companies in a bid to resolve some of the issues affecting the electricity supply industry, our correspondent has learnt.
The Nigeria Electricity Regulatory Commission (NERC), has assured consumers that pre-paid meters would be made available to all within the next two years.
“Up NEPA”! The joyful yell that formed part of the earliest memories of many a Nigerian child of my generation. But then, NEPA would only provide temporary reprieve and we were soon back to watching candlelight flames flicker until NEPA came through for us again.
Electricity consumers in Delta have charged the Nigerian Electricity Regulatory Commission (NERC) to enforce the “No Meter, No Billing” rule in the country.
Considering the amount of stranded gas that can be utilised for domestic consumption and the nation’s energy challenges, stakeholders in the gas sector have said gas-fired power generation represents the most economically viable and immediate means to fuel Nigeria’s energy needs.