Tag
DISCOS
News and analysis about DISCO
Senate Committee on Power is making attempts to resolve the rift between the NERC and the DisCos.
The Federal Government owes the 11 DisCos in Nigeria over N500 billion in what is described as tariff shortfall from electricity subsidy.
Power generated by Nigeria’s power plants dropped from 3,515 MW to 2,915MW on Friday, over 600MW in 24 hours.
Discos in the power sector have mapped out plans to invest N935bn in their networks within five years as calls for their recapitalisation heightens.
Power Generation Companies (GenCos) are clamouring for the approval to start selling electricity directly to Nigerians.
The NERC has disclosed that DisCos would repay N34.05 billion of the loan disbursed under the Central Bank of Nigeria-Nigeria Electricity Market Stabilisation Facility programme (CBN-NEMSF) before the year runs out.
The independent power regulatory body, Transmission Company of Nigeria (TCN) has recommended the liquidation of a yet-to-be-disclosed power distribution company (DisCo) to the Federal Government.
In a bid to revamp the country’s power sector, the Federal Government is considering repossessing no fewer than 10 electricity distribution firms. The acquisition, if successful, will cost the Federal Government about N736 billion.
The Managing Director of the Transmission Company of Nigeria (TCN), Usman Mohammed, has disclosed what should be done to solve the deteriorating state of power supply.
Global oil giant, Shell, is set to invest $2 billion in Kano Electricity Distribution Company in the next three years.
The Federal Government (FG) of Nigeria in partnership with other private investors are set to jointly raise $4.7 billion aimed at recapitalizing the electricity distribution companies (DisCos) and upgrade power distribution equipment in the country.
Despite huge investments to the tune of $1.6bn invested, Nigeria's national power grid still suffers incessant system collapse. This situation is exposing millions of Nigerians to economic difficulties.