Nigeria’s electricity grid is still witnessing system collapse as it recorded total failure twice in the last two months. Figures obtained from the Federal Ministry of Power, Works and Housing in Abuja on Thursday showed that the system collapsed once in June and it recorded another in July. In first month under review, the country’s…
The Nigeria Sovereign Investment Authority (NSIA) on Thursday said it paid about $417.46 million to the country’s electricity bulk trader, the Nigeria Bulk Energy Trading Company Plc (NBET). This, it said, is contrary to allegations by the Association of Electricity Distributors Investors (AEDI) and the Association of Nigerian Electricity Distributors (ANED) that the Ministry of…
The highest amount of revenue losses in Nigeria’s power sector come from areas that have high concentration of unmetered electricity consumers. It was also gathered that about 70 per cent of revenue losses recorded by power distribution companies were from these areas. The Executive Director, Association of Nigerian Electricity Distributors, Sunday Oduntan, and the Managing…
The Managing Director/Chief Executive Officer, Momas Electricity Meters Manufacturing Company Limited (MEMMCOL), Kola Balogun, said the new regulation on metering – Meter Asset Providers (MAPs) would eliminate estimated billing, attract private investment into the metering services sector and close the metering gap through accelerated meter rollout in the power sector. He said: “The metering regulation…
Residents of some communities in Bauchi State that were thrown into darkness following the wild windstorm that caused colossal damage to the power lines and infrastructure of Jos Electricity Distribution Company (Disco) broke into jubilation recently, following restoration of power to the communities. A terrific windstorm in some Bauchi communities had on 16th of June,…
Nigeria’s power sector in seven months of 2018 has lost N300 billion due to insufficient gas supply, distribution and transmission infrastructure. A report obtained from the Office of the Vice President, Yemi Osinbajo, stated that “estimated amount lost to insufficient gas supply, distribution, transmission and water reserves to date in 2018 is N300 billion.” The…
The Abuja Electricity Distribution Company (AEDC), is to begin the deployment of 222,728 meters valued about N10 billion for customers in its franchise areas of FCT, Kogi, Niger and Nasarawa States. A statement by its Head, Corporate Communications, Mr Oyebode Fadipe, said the deployment of the meters, which would begin on Aug. 8, was under…
The Chairman, Board of Directors of Kaduna Electricity Distribution Company, Alhaji Yusuf Hamisu Abubakar has said the security challenges in parts of Zamfara, Sokoto and Kaduna states, three of the four franchise states of Kaduna Electric is adversely affecting the operations of the electricity firm. Alhaji Abubakar disclosed this in Kaduna over the weekend. In…
The Federal Government is not frightened by the threats made by power distribution companies to quit the power sector and resell the firms at discounts. Senior officials of the Federal Ministry of Power, Works and Housing stated that the power distributors knew the procedures to follow if truly they wished to quit the business, adding…
The World Bank at the weekend said it was planning to increase its funding to Nigeria by $4.5 billion over the next three years to support projects in the power and health industries and in governance, its Vice President for Africa said. “This is indicative – in the next 18 months or so, we expect…
