Daily Archives: April 17, 2017

National-Assembly-Building

FG Puts Green Bond Issuance on Hold till Passage of 2017 budget

FG Puts Green Bond Issuance on Hold till Passage of 2017 budget

The Minister of State for Environment, Ibrahim Jibril has said that the Federal Government will delay the issuance of its green bonds until the 2017 budget is passed. The government had planned to launch the N20 billion bond in April to fund projects to reduce carbon emissions and develop renewable energy. Disclosing the news yesterday

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FG Expresses Commitment To Self Sustaining Power Sector Tarrif

Power Sector Operators rose from their 14th Monthly Meeting with the Minister of Power Works and Housing in Osogbo, Osun State with the Federal Government expressing its commitment to tariffs that would ensure a self-sustaining power sector and supporting the Nigerian Electricity Regulatory Commission in applying sanctions where appropriate to ensure operators comply with the

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Electricity Firms’ Debts Rose To N107bn In 2016

The 11 electricity Distribution Companies’ (DisCos) debts for services provided by six electricity market participants amounted to N107 billion by December 31, 2016. A financial record of the market obtained  showed that part of the debt was an outstanding payment of N45.3bn for services rendered between February and December 2015 while the balance of N61.9bn

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Obsolete Transmission Facilities Worsens Power Supply

Power generation and distribution companies as well as operators in the oil and gas sector have stated that the current electricity transmission infrastructure is the major limiting factor to adequate power supply in Nigeria. The issue of weak transmission infrastructure has always been raised by the electricity generation and distribution firms, with the Nigerian National

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The Perennial Crisis In The Power Sector

It would appear Nigeria’s privatised electricity sector has refused to break away from the many troubles that hold it from turning the corner. Based on its recent outputs it may be long before the sector comes around Recent records on power generation and supplies in the country from the System Operations department of the Transmission Company

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Electricity Consumers May Remain Without Meters As Controversy Trails Billing System

There are strong indications that millions of electricity consumers in the country who are yet to be metered may have to wait for a long time as the estimated billing system of electricity distribution companies (Discos) continues to generate controversies. Investigation revealed that uncertainty still surrounds government’s implementation of electricity meter policy which many describe

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