Tariff Hike: Electricity generation stranded at 4,850MW
By Obas Esiedesa Nigeria’s power generation in the past seven days averaged 4,850 megawatts for its over 200 million population with the Federal Government planning to effect a new electricity tariff increase in 2022. Data released by the Nigeria Electricity System Operator, an autonomous unit of the Transmission Company of Nigeria, covering the period November […]
Reps kick against transferred electricity debts
To summon NERC, DISCOs By Tordue Salem – Abuja The House of Representatives Thursday, kicked against the transfer of electricity consumption liabilities from old to new residential or industrial customers. The House disapproved of the practice after as contained in a motion by Rep. Abiodun Shoyinka (APC-Lagos). In the motion entitled: “Need to Investigate Transferred […]
Electricity: Blackout as national grid experiences system collapse
By Prince Okafor The national grid again, yesterday, suffered another systems collapse, worsening the power supply situation in the country. Vanguard gathered that the system collapse occurred, following voltage collapse in some parts of the national grid The national grid is controlled and operated by government-owned Transmission Company of Nigeria, TCN. Power system collapse is […]
Electricity: Blackout as national grid experiences total system collapse
By Prince Okafor There seems to be total darkness across the country, as the national grid has suffered a total system collapse. Vanguard authoritatively gathered that the system collapse occurred following voltage collapse at some parts of the national grid The national grid is controlled and operated by government-owned Transmission Company of Nigeria. READ ALSONever […]
FG to effect minor electricity tariff hike by July 1
By Obas Esiedesa Despite the improving revenue in the power sector, the federal government is set to effect another tariff increase on July 1, following a notice by the Nigeria Electricity Regulatory Commission, NERC, to that effect. The government’s latest move which is part of the half-yearly review of the Multi-Year Tariff Order, MYTO, has […]
Electricity: BPE, NDPHC set to sell 5 generating plants in Nigeria
By Prince Okafor THE Board of Directors, Niger Delta Power Holding Company, NDPHC, and the National Council on Privatisation have approved the sale of five generating companies in the country through a competitive bidding process. This is coming even as the Bureau of Public Enterprises, BPE, has called on prospective investors to express interest in […]
