Tag: Power

  • FG SETS UP COMMITTEE TO CLEAR GENCOS’ DEBTS, ENSURE SUSTAINABLE POWER SECTOR FINANCING

    FG SETS UP COMMITTEE TO CLEAR GENCOS’ DEBTS, ENSURE SUSTAINABLE POWER SECTOR FINANCING

    ‎ Federal Government has set up a committee to resolve the outstanding debts owed to Power Generation Companies (GenCos) and develop a sustainable payment system to prevent future arrears. This was announced by Permanent Secretary of the Ministry of Power, Mahmuda Mamman, at the 10th anniversary of the Association of Power Generation Companies (APGC) in…

  • ASSOCIATION OF POWER GENERATION COMPANIES OPPOSE THREATS TO DISCONNECT GENCOS FROM GRID

    ASSOCIATION OF POWER GENERATION COMPANIES OPPOSE THREATS TO DISCONNECT GENCOS FROM GRID

    CEO of the Association of Power Generation Companies, Joy Ogaji, has opposed threats to disconnect GenCos from the grid, warning that unstable transmission and market issues are harming their plants and increasing losses. The GenCos also demanded regulations to ensure immediate payment of their revenue. This response follows the Nigerian Electricity Regulatory Commission’s (NERC) warning…

  • NERC DISCLOSE STATES CUTTING POWER TARIFF MUST PAY SUBSIDY

    NERC DISCLOSE STATES CUTTING POWER TARIFF MUST PAY SUBSIDY

    Nigerian Electricity Regulatory Commission (NERC) has clarified that state governments lack jurisdiction over the national grid and federal electric power stations, which operate under federal laws and licences.   In response to controversy over the Enugu Electricity Regulatory Commission’s decision to cut the Band A tariff, NERC has advised states to incorporate wholesale costs into…