Tag: Discos
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Power distribution: We’ll no longer accept excuses from you – FG tells DisCos
The federal government would no longer accept excuses from Electricity Distribution companies for failure to distribute power to consumers. Minister of State I for Power, Works and Housing, Mustapha Shehuri, who gave the warning on Monday during an inspection of a 132 KVA Transmission Substation in Uyo, expressed dissatisfaction over the inability of DisCos to…
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PHCN: Electricity investors declare loss, 5 years after privatisation
About five years after investors put $1.2 billion (about N427bn) to acquire 60 per cent stakes in 11 electricity Distribution Companies (DisCos) in 2013, they say they are yet to recover the investments or make profit. The investors disclosed this yesterday in Abuja at a joint briefing by the Association of Electricity Distributors and Investors…
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Improve electricity supply to Nigerians or quit, Fashola tells DisCos
The Minister of Power, Works and Housing, Babatunde Fashola on Monday directed the Nigerian Electricity Regulatory Commission (NERC) to immediately step in to ensure that Electricity Distribution Companies (DisCos) improve on their distribution equipment and increase capacity to enable them optimize the use of electrical resources by the Generation Companies (GenCos). Fashola, who spoke at…
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Stop Discos from estimated billings, electricity consumers urge NASS
Some electricity consumers have appealed to National Assembly to enact a law compelling electricity distribution companies(Discos) to install pre-paid meters for all customers to save consumers from estimated billing. They made the appeal in separate interviews with newsmen on Friday at a forum on arbitrary estimated billing organized by Association of Electricity Consumers Right in…
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No exclusive monopoly in power distribution – Fashola tells Discos
The Minister of Power, Works and Housing, Mr Babatunde Fashola has allayed fears of Electricity Distribution Companies (Discos) over government’s investments in solar energy plants. Fasola allayed their fears at the 20th Monthly Power Sector Stakeholders’ Meeting hosted by Enugu Electricity Distribution Company (EEDC) in Owerri. The minister said that the Discos expressed their fears…
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Buhari presides over FEC meeting, approves payment of N25.99bn debt to Discos
The Federal Executive Council (FEC) on Wednesday approved the settlement of N25.99 billion debt owed power Distribution Companies (Discos) by the Federal Government. The Minister of Work, Power and Housing, Babatunde Fashola briefed State House correspondences at the end of FEC presided over by President Muhammadu Buhari. According to him, the amount, which has been…
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Release N100bn electricity subsidy, DisCos appeal to FG
The Association of Electricity Distribution Companies (ANED) has appealed to the Federal Government to provide the N100 billion subsidy it promised after private investors took over the power sector utilities on November 1, 2013. ANED, in a statement by its Executive Director, Mr Sunny Oduntan also appealed to the government to inject funds into the…
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DISCOs must write to notify consumers before disconnection – NERC
The Nigerian Electricity Regulatory Commission (NERC), an independent regulatory body with authority for the regulation of the electric power industry in the country has said the various electricity distribution company in the country must notify consumers in writing before attempting to disconnect their power supply. This was made known in a statement recently released and…
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‘If you don’t have the skill and patience to serve, leave’, Fashola warns DISCOS
The Minister of Works, Power and Housing, Mr Babatunde Fashola, on Monday warned the distribution companies in the country to step up their service delivery or quit. Fashola gave the warning at the opening ceremony of the 11th Monthly Stakeholders meeting in Lagos. According to him, we all know the issues around metering and billing…