Daily Archives: May 2, 2017

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Ugandan Power Utilities Rated The Best

Ugandan Power Utilities Rated The Best

Among the 39 countries surveyed in sub-Saharan Africa- to determine the most efficient power utilities when it comes to operational and capital expenditures, Uganda came out on top. The study titled Making Power Affordable for Africa and Viable for its Utilities, has been compiled by the World Bank, reports the Observer. The investigation compared cash

debt

Huge Debt Burden Stalls GenCos’ Expansion Projects

The 26 power generation companies in Nigeria’s electricity market have linked the slow pace of investments in the expansion of their generation capacities to the huge debt figures in their respective financial books. The Gencos said the development was scaring away potential investors, and also keeping others who had committed to invest in them, from

vanguard

Discos Workers’ Protests Reflect Worsening Power Crisis

The recent blackout in Akwa Ibom, Bayelsa, Cross River and Rivers States as a result of protest by the workers of Port Harcourt Electricity Distribution Company has further exposed the dangers posed to power supply by the increasing financial weakness of some distribution companies, which was evidenced in earlier protests in Abuja, Kaduna, Enugu and

Power_plant600

Claims of Illiquidity: The Burden of Proof is on Discos

ENERGY ANALYSIS With the opposition to the decision of the Nigerian Electricity Regulatory Commission to centralise the revenue generated by the country’s financially-troubled electricity market, the 11 electricity distribution companies may have raised doubts among other market operators about their sincerity, writes Chineme Okafor Within the legal context, the burden of proof which is also

CBN

CBN N152bn Power Loan Blocking Access to Banks’ Funds

The umbrella body of the 11 electricity distribution companies (Discos), Association of Nigerian Electricity Distributors (ANED) has said about N152.16billion of the N201.61billion Central Bank of Nigeria (CBN) loan reflecting on Distribution Companies (Discos) accounts, has blocked access to funding from commercial banks. This was disclosed by ANED’s director of research and advocacy, Barrister Sunday

darkness

One-year Power Outage Cripples Communities in Ekiti East

The people of Omuo community, headquarters of Ekiti East Local Government Area of Ekiti State, have bemoaned the continued non-availability of electricity in the entire communities in the council area for over one year. The people of Omuo said several other communities in Ekiti East Local Government Area, including, Ilasa, Omuo-Oke, Ikun, Araromi, Isinbode, Eda-Ile,

kaduna-electricity-distribution-company (1)

Kaduna Electric Salutes Nigerian Workers

Kaduna Electric (KE) has described the organised labour movement as an invaluable factor in any production process. The Managing Director/CEO of the Company, Engineer Garba Haruna, stated this in his solidarity message to the workers of the Company in Kaduna in commemoration of this year’s workers day. In a press statement issued by the Head

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