GenCos Warn N7tn Fresh Power Sector Debt Could Undermine Recovery Efforts
Nigeria's electricity generation companies have warned that fresh liabilities estimated at more than N7tn could accumulate and undermine efforts by...
Tag Archives: #Electricity
Federal Government to Issue N729 Billion Bond to Clear Power Sector Debts
The Federal Government is set to issue a second bond valued at approximately N729 billion to electricity generation companies (GenCos)...
Transmission Losses Highlight Ongoing Challenges in Nigeria’s Power Sector
Nigeria’s electricity sector has once again come under scrutiny after the Nigerian Electricity Regulatory Commission (NERC) disclosed that transmission...
Lagos Signs Power Deals With Three Firms to Boost Electricity Supply
The Lagos State Government has signed Power Purchase Agreements (PPA) with three energy companies — Fenchurch Power, Mainland Power, and...
Nigeria to Construct Super Grid to end incessant power collapse
In a decisive move to address the persistent collapse of Nigeria's national grid, the Federal Government has unveiled plans to...
FG Expresses Alarm As Manufacturers Dump National Grid Despite Record Power Generation
The Federal Government has voiced serious concerns about the increasing trend of manufacturers and industries abandoning the national power grid...