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Jos DisCo Refunds N13 Billion to Overcharged Customers
power

Jos DisCo Refunds N13 Billion to Overcharged Customers

August 28, 2024

Jos Electricity Distribution Plc (JED) has refunded N13 billion ($16.8 million) to postpaid customers who were erroneously overbilled between January and September 2023, following a directive from the Nigerian Electricity Regulatory Commission (NERC), the company said on Tuesday. The refund affected 52,000 customers across Benue, Bauchi, Gombe, and Plateau States, according to a statement by […]Read More

FGN Power Company, Partners Sign $118M Deal for DisCos Line Upgrade
power

FGN Power Company, Partners Sign $118M Deal for DisCos Line

July 31, 2024

The Federal Government of Nigeria Power Company (FGNPC) has signed an Engineering, Procurement, Construction, and Financing (EPC&F) contract worth $118.12 million with Elsewedy Electric and Power China. The deal, finalised on Wednesday in Abuja, is for the rehabilitation and construction of 2,670 kilometers of 33kV, 11kV, and 400V distribution lines across Nigeria. The contract, which […]Read More

NERC: Discos Earned N291.6bn, Cut ATC&C Losses by 5.7% in Q1
power

NERC: Discos Earned N291.6bn, Cut ATC&C Losses by 5.7% in

July 29, 2024

A new report by the Nigerian Electricity Regulatory Commission (NERC) reveals that power Distribution Companies (Discos) in Nigeria earned N291.62 billion in revenue in Q1 2024. Simultaneously, the power sector regulator has prohibited NBET from entering into new contracts. The latest data shows that the N291.2 billion was collected from N368.65 billion billed to customers, […]Read More

NBET to exit Nigerian electricity market as NERC licenses new bulk buyers
power

NBET to exit Nigerian electricity market as NERC licenses new

July 29, 2024

The Nigerian Bulk Electricity Trading Plc (NBET) is set to exit the electricity market as the Nigerian Electricity Regulatory Commission (NERC) licenses multiple firms. These firms are to buy and sell electricity in bulk from the power generation companies (GenCos). This is according to an order signed by NERC Chairman Sanusi Garba and Dafe Akpeneye, […]Read More

IE Talks Tough on Energy Theft, Reaffirms Penalties for Offenders
power

IE Talks Tough on Energy Theft, Reaffirms Penalties for Offenders

July 22, 2024

Ikeja Electric Plc (IE), one of Nigeria’s leading Electricity Distribution Companies, reiterates that offenders caught in the act of energy theft will be immediately charged in court.  The company emphasized that the era of merely imposing loss of revenue (LOR) penalty alone on offenders is over, as it will now enforce the full weight of […]Read More

REA Partners Five Firms to Deliver 1,265MW of Renewable Energy in Nigeria
power renewables

REA Partners Five Firms to Deliver 1,265MW of Renewable Energy

July 6, 2024

The Rural Electrification Agency (REA) has entered into a Memorandum of Understanding (MoU) with five companies specializing in renewable energy to improve access to electricity in Nigeria. This collaboration is expected to provide a combined capacity of 1,265 megawatts (MW) from renewable sources. The agreements were made between REA and five companies: A4&T Power Solutions, […]Read More

Power Outage As National Grid Collapses Again
power

Power Outage As National Grid Collapses Again

July 6, 2024

The National Electricity Grid on Saturday has experienced another system failure, making it the fourth this year. The grid collapse led to a nationwide blackout in states across the country and the Federal Capital Territory (FCT), Abuja. The national grid collapsed for the first time in 2024 on February 4 followed by a nationwide outage […]Read More

Kaduna Electric Raises Band A Tariff to N209.5/kWh
power

Kaduna Electric Raises Band A Tariff to N209.5/kWh

July 3, 2024

Kaduna Electric has increased tariff for its customers on Band A feeders, raising the rate from N206.80/kwh to N209.5/kwh, effective from July 1, 2024. In an official statement, Kaduna Electric confirmed the tariff adjustment for Band A feeders, updating the cost from N206.80/kwh to N209.5/kwh.  The revised tariff rate was disclosed in a notice issued […]Read More

TCN Halts Planned Two-month Power Outage in Ondo, Ekiti
power

TCN Halts Planned Two-month Power Outage in Ondo, Ekiti

July 2, 2024

The Transmission Company of Nigeria has suspended the planned power outage on the Osogbo/Akure and Ado-Ekiti 132KV lines. The outage was earlier scheduled for two months according to the BEDC Electricity Plc. The Head, Branding and Corporate Communications, BEDC, Evelyn Gbiwen, stated this in a statement on Tuesday in Benin. Gbiwen said that the suspension […]Read More

World Bank to Oversee Nigeria’s $500m Electricity Sector Loan in July
energy power

World Bank to Oversee Nigeria’s $500m Electricity Sector Loan in

June 26, 2024

Paraphrased News Article (Active Voice) The World Bank announced its plan to conduct a supervision mission next month to address the underperformance of a $500 million loan aimed at enhancing Nigeria’s electricity distribution sector. According to the latest Implementation Status & Results Report for the project, the mission will occur from July 8 to July […]Read More

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