Nigeria is facing an imminent electricity blackout due to a directive from the Nigerian Midstream and…
Tag: GenCos
Nigerian GenCos Receive Less Than 40% of 2024 Invoices
The Nigerian Electricity Regulatory Commission (NERC) has acknowledged that power generation companies (GenCos) in the country…
UNILAG Public Lecture Explores Renewable Energy Solutions for Nigeria’s Power Crisis
The University of Lagos (UNILAG) Faculty of Engineering Alumni Association recently held its sixth public lecture.…
Federal Government Settles N205bn of N1.3tn Debt to GenCos
The federal government announced that it had offset N205 billion of the N1.3 trillion debt owed…
As of 2024, GenCos Are Owed over 3 Trillion Naira
The Association of Power Generating Companies (AGPC) has said that generation companies were owed over N3…
FG Threatens to Withdraw Licences of DisCos not Supplying Power
The Minister of Power, Adebayo Adelabu, yesterday, disclosed that the Federal Ministry of Power would withdraw…
Minister Adelabu Urges Action on Power Sector Challenges
Chief Adebayo Adelabu, Minister of Power, expressed concerns about Nigeria’s power sector challenges, citing issues like…
Adelabu Says Unpaid Debt, Low Gas Responsible for Poor Power Supply
The minister of power, Adebayo Adelabu, has blamed the epileptic power supply on the underutilisation of…
FG Permits DisCos to Purchase Electricity Directly from GenCos
The Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has permitted Electricity Distribution Companies (DisCos)…
FG May Revoke Licenses of Underperforming Electricity Operators
The Minister of Power, Adebayo Adelabu, says the Federal Government will not renew licensing agreements for…