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 […]
The Managing Director, Afam Power Plc, Mr Olumide Obademi, on Friday appealed to the Federal Government for adequate budgetary provision to enable the company remain competitive in the nation’s power generation market. He made the appeal in Afam, Rivers State when principal officials of the Federal Ministry of Power, Works and Housing embarked on a facility inspection […]
Despite sustained directives by the Federal Government to the 11 power distribution companies (DisCos) to bridge the meter supply gap in the power sector through new investments, latest report by the industry regulators indicate that there exists 58 percent gap in the industry demands. The latest report by the Nigerian Electricity Regulatory Commission on the […]