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Electricity Generating Firms Put FG Debt at N500b, accuse Distributing Firms of Poor Remittance

Electricity Generating Firms Put FG Debt at N500b, accuse Distributing Firms of Poor Remittance

The crisis of confidence in the Nigerian Electricity Supply Industry has continued to escalate as the electricity generation companies (Gencos) revealed that the poor remittance of market funds by the electricity distribution companies (DisCos) has prevented the rest of the electricity value-chain from meeting their operations and also service their liabilities which includes gas payments.

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Edo-Azura Power Plants Attracts World Bank, IMF Interest

The Edo State Government’s performance index in promoting Independent Power Plants (IPP) as a business model and opening up economic opportunities has received international recognition, as it became the cynosure of over 10,000 international personalities at the World Bank, International Monetary Fund (IMF) Annual Spring Meeting last week in Washington DC. This was as the

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GenCos, DisCos Disagree Over Proposed Escrow Revenue Accounts

The Association of Power Generation Companies (APGC) has backed the Federal Government’s intention to escrow the revenue account of power Distribution Companies (DisCos), saying it would enhance equity in revenue sharing, transparency and attract investors to the power sector. It however, advised the Federal Government to involve the GenCos in its decision making process as

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Fayemi Raises Hope for Enugu Coal Power Plant

Minister for Mines and Steel Development, Dr. Kayode Fayemi, has raised hope that it is still possible to establish a coal power generating plant in Enugu State in President Muhammadu Buhari’s administration. Fayemi disclosed that already three coal power generating plants had been established in Kogi, Gombe and Sokoto states through private sector initiatives, adding

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Electricity Generation Averages 3,687MW in Q1’17—NBS

The power generation statistics for first quarter 2017, (Q1’17) shows that a total average of 3,687 megawatts, of energy was generated by power stations as Afam VI Power Plant contributed about 12.64 percent of the total, the highest generation among the twenty-three (23) power plants within the period under review. Daily energy generation attained a

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Nigeria’s Power Generation Rose in Q1 2017 – NBS

According to data from the National Bureau of Statistics (NBS), power generation increased in the first quarter (Q1) of 2017, as an average of 3,687 MW of energy was generated by power stations, with Afam VI Power Plant contributing about 12.64 percent share of the average energy generated, Vanguard reports. The NBS report also showed

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