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Tinubu agrees to settle N342m Presidential villa outstanding electricity debt
February 21, 2024DistributionFinanceNewsPower

Tinubu agrees to settle N342m Presidential villa outstanding electricity debt

  Oredola Adeola The Presidency has stepped up to the plate, promising to settle the Presidential Villa’s outstanding electricity bill with Abuja Electricity Distribution Company (AEDC), which was initially disputed by the DisCo at N923 million, and now confirmed to…

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Abuja DisCo issues Presidential Villa, Power Ministry, 85 defaulting MDAs 10-day ultimatum to clear N47bn electricity bill
February 19, 2024DistributionFinanceNewsPower

Abuja DisCo issues Presidential Villa, Power Ministry, 85 defaulting MDAs 10-day ultimatum to clear N47bn electricity bill

  Oredola Adeola   The Abuja Electricity Distribution PLC (AEDC) has issued a 10-days ultimatum to 85 Government Ministries, Departments and Agencies (MDAs) including the Ministry of Power, DSS, Presidential Villa, the Chief of Defence Staff-Barracks and Military formations, among…

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National grid plunges to 0MW for third time in 2024
February 19, 2024DistributionNewsPowerTransmission

National grid plunges to 0MW for third time in 2024

Oredola Adeola   The Nigerian power grid experienced a staggering collapse, leaving electricity distribution companies (DisCos) with a shocking 0 Megawatts (MW) between 3:00 am and 7:00 am on Monday, February 19, 2024, before it later changed 3,072MW around 7:10am…

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 GenCos lose nearly half of generated power worth N1.6 trn due to theft, billing inefficiencies, ATC&C losses- Adelabu 
February 17, 2024DistributionFinanceGenerationImpactNewsPower

 GenCos lose nearly half of generated power worth N1.6 trn due to theft, billing inefficiencies, ATC&C losses- Adelabu 

  Oredola Adeola Adebayo Adelabu, Minister of Power has revealed that power generation companies (GenCos) are losing almost half of their supplied electricity due to theft, inefficiencies in billing and collection processes, resulting in a staggering NGN1.6 trillion shortfall in…

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How customers on estimated billing can claim overbilled energy refunds
February 17, 2024DistributionImpactNewsPowerReview

How customers on estimated billing can claim overbilled energy refunds

    Oredola Adeola The Nigerian Electricity Regulatory Commission (NERC) has provided a portal to empower customers who were overbilled by eleven (11) electricity distribution companies (DisCos) between January and September 2023, to ascertain their energy refund balance.   This…

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Rising cost of living crisis: Kaduna DisCo announces 10% increment for Staff
February 15, 2024AdvertorialDistributionFinanceNewsPower

Rising cost of living crisis: Kaduna DisCo announces 10% increment for Staff

  Oredola Adeola The new management of Kaduna Electric has approved 10 percent staff’s salary increase across all categories, effective this February 2024, as part of efforts to improve overall performance and address the impact of rising living costs in…

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REVEALED: How powerful individuals misled Buhari to approve $10m risk guarantee for Calabar IPP at citizens’ detriment
February 15, 2024ConcessionDistributionFinanceGasGenerationMultilateral FinanceNewsOil & GasPower

REVEALED: How powerful individuals misled Buhari to approve $10m risk guarantee for Calabar IPP at citizens’ detriment

Oredola Adeola Nigeria’s former President Muhammadu Buhari was misled by high-ranking individuals to approve a US$10 million partial risk guarantee (PRG) for the Nigerian Bulk Electricity Trading Plc (NBET) to sign transaction documents with Accugas, a natural gas supplier to…

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Sweltering heat, poor power supply: Calls grow for removal of Adelabu
February 13, 2024DistributionFeatureGenerationNewsPower

Sweltering heat, poor power supply: Calls grow for removal of Adelabu

  Oredola Adeola   Amidst sweltering temperature and irregular power supply, there is a growing public demand in Nigeria for the dismissal of Mr. Adebayo Adelabu, the Minister of Power, as the heat shows no signs of abating predictably until…

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Tinubu’s Presidential Metering Initiative considers bulk procurement of smart prepaid meters 
February 13, 2024DistributionNewsPower

Tinubu’s Presidential Metering Initiative considers bulk procurement of smart prepaid meters 

  Oredola Adeola The President Bola Tinubu’s through the Presidential Metering Initiative (PMI) is making move to embark on bulk procurement of smart meters, the development of indigenous Meter Data Management Systems (MDMS), and the reduction of Aggregated Technical and…

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YEDC, NERC launch Yobe forum office, target prompt resolution of complaints
February 12, 2024AdvertorialDistributionPower

YEDC, NERC launch Yobe forum office, target prompt resolution of complaints

Oredola Adeola The Yola Electricity Distribution Company (YEDC) and the Nigeria Electricity Regulatory Commission (NERC) have launched Yobe Customers Forum Office in Damaturu, the capital of Yobe State, with a view to working diligently to promptly address and resolve customer…

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