A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
By Victor Ahiuma-Young Nigeria Labour Congress, NLC, has rejected the new hike in electricity tariff by the Federal Government, noting that the Nigeria Electricity Regulatory Commission, NERC, was conniving with electricity providers against Nigerians, and undermining the system and ongoing negotiations. The union said Organised Labour would resist the new hike, as it would kill
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By Prince Okafor Power Generating Companies, GENCOs, has said that the constraints bewildering Nigeria’s power sector are so vast that they may end up forcing it to comatose. The GENCOs reaction is coming against the backdrop of the recent implementation of the Service Reflective Tariff (SRT), as approved by the Nigerian Electricity Regulatory Commission, NERC.
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THE House of Representatives declared yesterday that Power Generating Companies, GENCOs, and Distribution Companies, DISCOs have failed, saying they have disappointed the citizenry.
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The power Generation Companies, GENCOs, Sunday, rejected the calls for outright reversal of the entire power privatisation exercise, while suggesting that instead, frantic efforts must be made to strengthening the weak links in the power value chains in order to remedy the abysmal state of the sector.
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Speaker of the House of Representatives, Femi Gbajabiamila, yesterday declared the privatisation of the power sector, a failure.
Read More Mulls reversal of Electricity Privatisation By Johnbosco Agbakwuru THE Federal Government yesterday said that Distribution Companies, DISCOs have failed in supplying adequate electricity to Nigerian consumers. The government said it will no longer provide intervention funds as a subsidy to the DISCOs and may take drastic actions against the companies as it would not continue
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By Udeme Akpan & Prince Okafor THE Transmission Company of Nigeria, TCN, has disclosed that the privatisation of Electricity Generation Companies, GENCOs and Electricity Distribution Companies, DISCOs, was bound to fail because the nation hurriedly adopted the ‘Single Buyer’ model which has never worked anywhere. The Managing Director/CEO, TCN, Mr. Gur Mohammed, who disclosed this
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Workers in the nation’s Power sector early this morning locked up Power Distribution Companies, DISCOs, and Power Generation companies, GENCOs, across the country and began a nationwide strike over unresolved Labour issues.
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The Senate has mandated its Committee on Power to investigate the activities of power generating and distribution companies to unravel the cause of unsteady power supply in Nigeria. The investigating committee has four weeks within which to submit its report to the Senate for consideration. The decision by the upper chamber to probe power generation,
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The Power Generation Companies (GenCos), have threatened to shut down power generation supply if pressing issues in the sector are not addressed. The GenCos spoke through the Executive Secretary, Association of Power Generation Companies (APGC), Dr Joy Ogaji at a news conference in Abuja on Sunday. Ogaji explained that the main reason for considering to
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