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  • 4 hours ago Positive Indicators Under President Tinubu: Two Years of Bold Reforms and Renewed Hope
  • 6 hours ago Real Madrid, Man Utd top list of world’s most valuable football clubs – Forbes
  • 7 hours ago Tinubu mourns Kano sports contingent death, orders national emergency response to Mokwa flood
Home Tag Archives: GenCos

Tag Archives: GenCos

Electricity

Reflective electricity pricing and its myth

By Elvis Eromosele
3 weeks ago
in :  Electricity
0
5

In Nigeria, few issues stir as much raw emotion as the price and quality of electricity. Everywhere across the length and breadth of the country electricity supply is unstable. Over the years, successive governments have insisted that Nigerians are underpaying for electricity. The solution? Increase the tariff under the guise of reflective pricing. Yet, month after month, citizens grope in …

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Electricity

Tinubu to hold meeting with GenCos over N4t power sector debt

By Breezynews
4 weeks ago
in :  Electricity
0
7

President Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies as part of an emergency effort to address the N4 trillion debt threatening to cripple the country’s electricity supply chain. The move follows a high-level meeting on Tuesday between the Minister of Power, Adebayo Adelabu, and chairmen of GenCos in Abuja, amid mounting fears of a …

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Electricity

NBS reports Nigeria’s electricity export reaches N181.62b in 9 months

By Breezynews
16 December 2024
in :  Electricity
0
2

Nigeria exported N181.62 billion worth of electricity from January to September of 2024, analysis of data from the National Bureau of Statistics (NBS) has shown. A breakdown showed that N58.65 billion was exported to Togo, Benin and Niger Republic in the first quarter of 2024 followed by N63.28 billion in the second quarter and N59.69 billion in the third quarter. …

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Electricity

Elumelu urges FG to settle GenCos debts to prevent power sector collapse

By Breezynews
28 May 2024
in :  Electricity
0
72

Chairman, board of directors of Transnational Corporation Plc, Mr Tony Elumelu has urged the federal government to expedite action in the payment of the over N2 trillion owed to power generation companies (GenCos) by the Nigerian Bulk Electricity Trading Plc (NBET) to sustain the reliable flow of electricity from the GenCos. He said the distortion in the liquidity flow in …

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Electricity

11 DisCos to buy power directly from GenCos

By Breezynews
22 January 2024
in :  Electricity
0
144

Under the current arrangement, the Nigerian Bulk Electricity Trading Plc (NBET), procures power in bulk from Independent Power Producers (IPPs), and GenCos for resale to DisCos, eligible or international customers. Under the new regulation or order approved by the Nigerian Electricity Regulatory Commission (NERC), NBET that carries out the role of a “pool” administrator for the Nigerian electricity market, it …

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Business

Finance Minister rues N1.3t power intervention fund; ‘No significant impact’, she says

By Contributor
5 April 2022
in :  Business
0
96

The Minister of Finance, Budget and Planning, Mrs Zainab Ahmed has lamented the N1.3 trillion electricity intervention fund provided by the Nigerian government did not make significant impact. Five years ago, the Federal Government approved N701 billion as a power assurance guarantee fund for the Nigerian Bulk Electricity Trader (NBET) to pay for two years the electricity produced by the …

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