Economy News Extra Latest News Power/Electricity

GenCos Sold N294.16bn Electricity In 5 Months

Electricity generation companies (GenCos) in the country sold electricity worth N294.16bn between January and May this year to the Nigeria Bulk Electricity Trading Plc (NBET), the bulk purchaser of generated power, for subsequent sale to distribution companies (DisCos). By the power sector regulatory regime, NBET, which is owned by the government, purchases electricity in bulk […]

Economy News Extra Latest News Power/Electricity

FG Targets 9,000Mw Power Generation Level In 54 Days

The Federal Government on Tuesday said it was doing everything possible to increase the nation’s power generation level by 2,000 megawatts from the current 7,000mw to 9,000 megawatts between now and the end of the year. The Minister of Information and Culture, Alhaji Lai Mohammed, gave this hint when he appeared on a News Agency […]

Latest News Power/Electricity

GENCOs Threaten Blackout Over Grid Mgt Hiccups

Electricity Generating Companies (GenCos) have threatened to shut down their plants over what they described as inefficient grid management and associated costs on their operations. The GenCos gave the warning in a document signed by the Executive Secretary, Association of Power Generation Companies (APGC), Dr. Joy Ogaji, linking load shedding and power fluctuations and the attendant […]