Tag "GENCOS"

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NERC Okays Tariff Hike Amid Power Crisis  

Teddy Nwanunobi As Nigerians continue to groan under continued darkness caused by the collapse of the national grid, the Nigerian Electricity Regulatory Commission, NERC, has confirmed that the electricity tariff has increased.Disclosing the development, the chairman of NERC, Sanusi Garba

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Mixed Reactions Trail NERC’s Reconstitution Of Power Sector Dispute Resolution Panel

By Charles Ebi An electricity sector expert, as well as operators, last week reacted to the decision by the Nigerian Electricity Regulatory Commission (NERC) to approve the reappointment of the 12-member Dispute Resolution Panel for the Nigerian Electricity Supply Industry

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FG To Sustain Peak Power Generation With New Gas Supply Deal

By Charles Ebi A new gas supply agreement among the Nigerian National Petroleum Corporation (NNPC), the Transmission Company of Nigeria (TCN), power Generation Companies (Gencos) and other major stakeholders may see the federal government sustaining the current peak performance by

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Blackout Imminent Over 10,000 Mw Stranded Electricity — GenCos

By Cyril Ogar  There may soon be nationwide blackout as the power sector is unable to utilise all the 5,000megawatts (Mw) of electricity generated by the sector, the Executive Secretary, Association  of Power Generation Companies (AGPC), Dr Joy Ogaji, has

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Direct Sales Of Electricity To End Users: GenCos’ Latest Push

Privatisation of the power sector was meant to break the control of electricity generation and distribution from government, to ensure adequate, regular and stable supply of electricity to the consumers at a reasonable cost. But since the unbundling of the

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Power Crisis Deepens As GenCos, NBET Bicker Over N600b Intervention Fund

Firms threaten to declare force majeure on 0.75% administrative charge BY CYRIL OGAR The crisis rocking the power sector has taken a dangerous dimension as Generation Companies, NBET Bickers over N600b Intervention Fund which is resulting in a looming power

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FG Denies Plans To Stop Payment Of Shortfalls To GenCos

By Cyril Ogar The Ministry of Power, Works and Housing on has denied that the Federal Government has stopped the payment of shortfalls to Electricity Generation Companies (GenCos), describing the report as both false and unfounded.The report, contained in the

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Darkness Looms As GENCOs Threaten To Shut Down Plants

By Cyril Ogar The country may be thrown into total darkness if power generation companies in the country carry out their threat to shut down plants over challenges facing the power sector in the country. The generation companies, under the

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GENCOS Threaten To Shut Down Power Plants

Electricity generation companies in the country have said they will be forced to shut down their power plants if the challenges facing them are not addressed. The Association of Power Generation Companies, the umbrella body for the Gencos, said on

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Nigeria Loses 4,379MW To Distribution, Gas Constraints

By Cyril Ogar Distribution constraints and inadequate gas supply have cost Nigeria a whopping 4,379 megawatts (MW) capacity of electricity last Saturday. Data obtained from the Independent System Operator (ISO), a business unit of the Transmission Company of Nigeria (TCN) shows

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