Daily Archives: October 11, 2017

Portfolio

Leave Investors in Solar Alone, Fashola warns DisCos

Leave Investors in Solar Alone, Fashola warns DisCos

The Minister of Works, Power and Housing, Mr. Babatunde Faahola, yesterday, cautioned power Distribution Companies, DisCos, against interference in operations of investors in solar energy and independent power plants because they don’t have the monopoly of supplying electricity. Fashola, who issued the warning at the 20th monthly power sector operators meeting in Owerri, the Imo

page-7-pix-11-4-17

No Exclusive Monopoly in Power Distribution – Fashola

Mr Babatunde Fashola, the Minister of Power, Works and Housing, has allayed fears of Electricity Distribution Companies (Discos) over government’s investments in solar energy plants.  Fasola allayed their fears at the 20th Monthly Power Sector Stakeholders’ Meeting hosted by Enugu Electricity Distribution Company ( EEDC ) in Owerri. The minister said that the DisCos expressed

Electricity-Metre-1

Electricity Workers Fault NERC Directive on N450,000 Meter Bypass Fine

The Nigerian Union of Electricity Employees, NUEE, has faulted the imposition of the sum of N450,000 as a financial sanction for power consumers caught in meter bypass, by the Nigerian Electricity Regulatory Commission, NERC. Recall that NERC during the 19th monthly power sector meeting had drafted financial sanctions ranging from N50,000 to N450,000 for meter

power-infrastructure-2

Gas, Forex Stalled Take Off of New Electricity Tariff

Multiple constraints in the power sector including low gas supply, foreign exchange rate, and inflation rate crushed the Multi Year Tariff Order (MYTO) 2015 implemented in 2016 causing a shortfall of N450 billion in the electricity market, Daily Trust reports. The federal government said it has identified this problem and is working to resolve it through a

fashola 90

FG to Enable DisCos Raise Capacity by 2,000mw – Fashola

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, said the Federal Government is working to overcome the challenges of increasing the capacity of the 11 electricity Distribution Companies (DisCos) to take additional 2,000 megawatts (mw), Daily Trust reports. Fashola, who spoke at the 20th monthly power sector operators meeting in Owerri, Imo State, yesterday, said

Top
Powered by Nextier