Egypt begins fuel, electricity subsidy with $8b, 80 pounds in 2017 budget
Egypt says it has allocated 145 billion Egyptian pounds ($8 billion) for fuel subsidies and 80 billion pounds for electricity subsidies in its budget for the 2017-18 fiscal year.
IBEDC to invest $400m in metering programme, network infrastructure
THE Ibadan Electricity Distribution Company (IBEDC) said it has attracted $400 million investment from Trans Sahara Consortium to fund its planned installation of smart metering programme, infrastructure upgrade within the distribution area of the company, and put a stop to energy theft which is a huge revenue drain in the sector.
6% Nigerians enjoy 20 hours power supply daily in 2016
LATEST survey report by the Independent Energy Watch Initiative, I-WIN, has revealed that power supply had been on consistent decline, month-on-month.
N1bn lost to electricity theft, vandalism —Eko DISCO
EKO Electricity Distribution Company Plc (EKEDC) has offered to pay 20 per cent of the money recovered from electricity thefts to anyone who reports such.
Electricity: TCN silent over GENCOs’ accusation
The Transmission Company of Nigeria, TCN, appears to have agreed to the latest allegation made by the generation companies, GENCOs, about the non utilisation of power being generated.
FG to pay MDAs electricity debts on first come, first served basis
The Federal Government on Wednesday said it would pay debts incurred by Ministries, Departments and Agencies (MDAs) to Distribution Companies (DISCOs) on first come, first served basis.
