TAG: GENCOS

All the major economic news from Nigeria in 5 minutes – 19/6/2017

Summary of the top business, economic and political news in Nigeria today.   Barring further economic upheavals or exogenous...


N701b Intervention: The 10 GenCos that have received N12 billion from NBET

The Nigerian Bulk Electricity Trader (NBET) has confirmed payment of about N12 billion to 10 power generation companies in...


GE to open $100 million plant that can service and repair power turbines

Contrary to earlier reports, General Electric (GE) plans to launch a repair and service plant for power turbines. News...



Are Gencos generating more debt than power?

The Nigerian electricity industry has been under a lot of pressure. Gas supply is low and power generation has...


Nigeria’s Failing Power Sector Can Be Saved By These Steps (Part 1)

A heat wave has swept through Lagos recently, which is usual for this time of the year. What is...


CBN Will Release N213 Billion Intervention Fund To DISCOs And GENCOs

The Central Bank of Nigeria (CBN), has resolved to intervene in the power sector owing to complaints from power distribution...


The Problems Of Nigeria’s Electricity Market, Summarised In One Post

Agusto, the Nigerian research and ratings company, has helped to shed some light on the challenges faced in the...


Bulk Electricity Trader Engages Deloitte To Review Operations

The Nigerian Bulk Electricity Trading Company (NBET) Plc has engaged a consulting firm, Deloitte Nigeria, to review its organizational...


Power Generation Now 4,600 Megawatts As Egbin Station Bounces Back

Mrs Seun Olagunju, the Director, Public Affairs, Transmission Company of Nigeria (TCN), says the nation’s power generation capacity has...


See Why NERC Will Withdraw Its Licences

The Nigerian Electricity Regulatory Commission (NERC) has served a 30-day revocation notice on 27 power generation licence holders. The...


Discos Have Formed Collective Group To Protect Their Interests

The 11 electricity Distribution companies (Discos) have formed a new group under the aegis of the Association of Nigerian...


Find Out Why PMB Has Three Banks Under His Microscopic Watch

Three banks are being probed by the presidency for short-changing the Federal Government in the management of the N50...


GET THE FACTS RIGHT – A-Z OF OF THE SALE OF POWER DISCOS

  So much have been written about the sale of the power distribution companies (discos) that are been privatized...