NIPP Contracts Repealed
Following reports of exhaustive meetings and deadline threats in attempts to arrest the slow pace of executing electricity distribution contracts awarded to companies by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Projects (NIPPs), the board of NDPHC has finally approved the revocation of three of the various distribution contracts within the framework. Read more
Post-PHCN Privatisation: Nigerians continue to grope in darkness
The initial hopes of millions of electricity consumers in Nigeria that the privatisation of the generation and distribution units of the defunct Power Holding Company of Nigeria (PHCN) to private investors would restore an immediate steady electricity supply appear to be dimming as the power supply situation has failed to record any significant improvement eight months after the privatisation exercise was concluded.
Daily Sun investigation reveals that even the pledge by investors in the Discos to invest in the acquisition and distribution of prepaid meters to halt the notorious and fraudulent regime of estimated billing has not been met, a situation that has kept many electricity consumers more vexed and frustrated. Read more
NERC audits finances of electricity firms
Disturbed by allegations of financial crisis plaguing the electricity sector, the Nigerian Electricity Regulatory Commission ( NERC) has commenced audit of the distribution companies ( Discos).
The process, according to a deliable source, commenced with the Enugu Electricity Distribution Company and the Benin Electricity Distribution Company. Read more
NERC Seeks Firm Commitment from Gas Producers with $2.50/mcf Revised Price
The Nigerian Electricity Regulatory Commission (NERC) has said that it expects gas producers in Nigeria to improve their supply of gas to thermal power plants in the country following its recent approval of a revised price regime for the gas-to-power sector.
NERC also expressed its expectation of improved electricity generation profile from the generation companies, stating that the gas market which remains somewhat out of its control can now leverage on the new price review to boost electricity production in Nigeria. Read more