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…

Readmore

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…

Readmore

February 19, 2024DocumentaryNewsOil & GasPowerRenewables

WIEN honours Aradel Holdings PLC MD/CEO with gender advocate of the year award

  Oredola Adeola   The Women In Energy Network (WIEN) has recognized Gbite Falade, the Managing Director/Chief Executive Officer of Aradel Holdings PLC, with the WIEN Gender Advocate of the Year award. Eyono Fatayi-Williams, President of WIEN, and her team,…

Readmore

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…

Readmore

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…

Readmore

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…

Readmore

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…

Readmore

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…

Readmore

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…

Readmore

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…

Readmore