The recent change in ownership at Geregu Power Plc has reignited debate on the imperative of corporate restructuring to improve power supply The post Between Geregu takeover and improved electricity supply appeared first on The Guardian Nigeria News – Nigeria Read More
‘Why Nigeria’s generators must comply with FGMO’
As Nigeria’s electricity sector prepares for regional integration, the enforcement of the Free Governor Mode of Operation (FGMO) on all grid-connected generators has been described as a decisive regulatory priority. The post ‘Why Nigeria’s generators must comply with FGMO’ appeared Read More
Stakeholders rue poor implementation of Electricity Act
The Executive Director of PowerUp Nigeria, Adetayo Adegbemle, has faulted the Federal Ministry of Power for what he described as a lack of The post Stakeholders rue poor implementation of Electricity Act appeared first on The Guardian Nigeria News – Read More
Why GenCos are expanding capacity despite mounting debts
Despite deepening liquidity woes andelectricity grid constraints, Nigeria’s Generation Companies (GenCos) are doubling down on capacity expansion. The post Why GenCos are expanding capacity despite mounting debts appeared first on The Guardian Nigeria News – Nigeria and World News. Powered Read More
FG planning to clear N4trn debt owed GenCos – Ministry
The Federal Government says plans were on the way to offset the N4 trillion debt owed the Power Generation Companies (GenCos) for electricity generated. Mr Bola Tunji, Special Adviser, Strategic Communications and Media Relations, to the Minister of Power made Read More
NMDPRA denies halting gas supply to power plants
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Wednesday denied claims that it directed wholesale gas suppliers to stop supplying gas to power-generating companies (GENCOs) over payment defaults. The agency, in a statement said the report is false Read More
Only 3m customers metered as gap remains at 50%
The Nigerian Electricity Regulatory Commission (NERC) said the country’s metering gap remains significant despite the installation of 3.03 million meters since the privatisation of the sector in 2013. The post Only 3m customers metered as gap remains at 50% appeared first on Read More
Power sector faces mounting market risks as GenCos cite concerns
Market risks arising from the transition of the Nigerian Electricity Supply Industry (NESI) towards a bilateral market may further compound electricity challenges in Nigeria unless concerted efforts are taken. The post Power sector faces mounting market risks as GenCos cite Read More
GenCos jittery as NERC restricts power export to six per cent
• Stranded electricity may worsen amid weakening plants The restriction of electricity export to neighbouring African countries may defeat attempts being made by the Economic Community of West African States (ECOWAS) to implement the West African Power Pool (WAPP) and Read More
Concerns over host community funds imposed on GenCos in new Electricity Act
The passage of the new Electricity Bill by President Bola Tinubu requiring generation companies to pay five per cent of their yearly operating expenses for the previous year to fund host communities’ development has started generating mixed reactions. The post Read More