The Director-General of the Bureau of Public Procurement, Adebowale Adedokun, on Monday, said the bureau negotiated a $115,000 savings on the Presidential Power Initiative, otherwise known as the Siemens project. Adebowale said the savings demonstrate the BPP’s role in safeguarding government interests through due diligence. Speaking to State House correspondents in Abuja on Monday evening, […]
The Federal Government hassuspended the monthly review of electricity tariffs as power subsidy climbs to N768.68 billion in four months. There are also indications that the generation companies (GenCos), who only received 45 per cent of their invoices last month would have more to worry about next year as the Federal Government failed to make […]
The Eko Electricity Distribution Company (EKEDC) has called on the public to desist from the unlawful activities of vandalizing and stealing electricity cables and other critical infrastructure. These acts disrupt power supply to homes, businesses, and industries, causing widespread power outages and financial losses to the brand and its valued customers. This information was disclosed […]
The Federal Government has set aside N700bn from the federation account for the implementation of the distribution of free electricity meters under the Presidential Metering Initiative, according to the Special Adviser to the Minister of Power on Strategic Communications and Media, Bolaji Tunji. In a chat with The PUNCH on Friday, he noted that the PMI […]
The Transmission Company of Nigeria (TCN) has announced significant strides in its nationwide transmission capacity expansion, facilitated by a $200 million World Bank-funded initiative. This ambitious project is aimed at improving electricity supply reliability and addressing critical gaps in Nigeria’s power infrastructure. Managing Director of TCN, Mr Sule Abdulaziz, revealed this during his inspection of key substations […]
The Nigerian Electricity Regulatory Commission (NERC) said the country’s metering gap remains significant despite the installation of 3.03 million meters since the privatization of the sector in 2013. According to the commission, the metering rate currently hovers around 50 per cent, leaving half of the electricity customers on estimated billing. The Commissioner in charge of planning research and […]
Nigerians will be witnessing a new electricity market regime in the coming weeks and months underpinned by free market practices such as cost-reflective tariffs, bilateral trading between generation companies and distribution companies, and state-owned independent regulators and power firms. But, the hard reality is that many states and consumers may not withstand the demands of […]
In this edition of SNAPSHOT…The Head of Metering Projects, Abba Aliyu Maiborno speaks on the Meter Acquisition Fund (MAF), an initiative introduced by the Federal Government to meter Band A customers within our network.