Tag Archives: NBET

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Experts Urge Buhari to Address Appointments in Critical Agencies in Power Sector

Experts Urge Buhari to Address Appointments in Critical Agencies in Power Sector

Challenges facing the power sector may remain unresolved in 2017 unless President Muhammadu Buhari urgently address the lingering issues surrounding the appointment of a new chairman and commissioners for Nigerian Electricity Regulatory Commission (NERC), power sector industry watchers say. They say government also needs to approve the Nigerian Bulk Electricity Trading plc (NBET) Bond Issue

Energy

Electricity Operators Want BPE to Enforce Performance Agreements

Urge bureau to conduct post-privatisation monitoring Worried about the dwindling fortune in the power sector, participants in the Nigerian electricity sector at the weekend put aside the differences and pointed the way forward. They want the Bureau for Public Enterprises (BPE) to firmly enforce the performance agreements entered with the private sector owners of the

Afam Power Plant

NBET to Utilize Varsities to Monitor Power Plants Construction

A new era is set to unfold in efforts to promote local capacities in the power sector, as the Nigerian Bulk Electricity Trading Plc (NBET) yesterday announced a new resolve to use Nigerian universities to monitor the construction of power plants, The Guardian reports. NBET sealed an agreement with the Faculty of Engineering, University of

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CAN Urges Nigerians to be Realistic in Disputing New Electricity Tariff

The Christian Association of Nigeria (CAN), Lagos has implored Nigerians to be realistic in disputing the new electricity tariff that has since generated lots of opposition from different quarters, particularly the trade and labour unions in the country. The CAN annual Inter-denominational divine service (IDDS), The Lagos CAN Chairman, Apostle Alexander Bamgbola, at a briefing

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Wonodi Refutes Notion of Tenure of Office for NBET MD

The Managing Director of Nigerian Bulk Electricity Trading Plc (NBET), Mr. Rumundaka Wonodi, while reacting to inquiries about the federal government directive to the NBET on the tenure of the pioneer management team, has said he is not aware of any specific tenure for him as  the head of the public company, Daily Trust reports.

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NERC Moves to Protect Consumers against Operators’ Inefficiencies

The Nigerian Electricity Regulatory Commission (NERC) has added to the new electricity tariff it approved for the sector operators, further protective measures for consumers against operators’ inefficiencies. The new measure stipulates that consumers who are placed under the estimated billing mechanism of the 11 electricity distribution companies (Discos), but who are discontent with the terms

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Ministries, Agencies, Military Yet to Pay N45b Electricity Bill

As at the end of 2015, government Ministries, Departments and Agencies, MDAs as well as military establishments were yet to pay electricity debts that had risen to a total of over N45 billion. Due to the huge size of the debt, electricity distributors have resorted to seeking the help of the Federal Government towards ensuring

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