Ikeja Electric Plc (IE), one of Nigeria’s leading Electricity Distribution Companies, reiterates that offenders caught in the act of energy theft will be immediately charged in court. The company emphasized that the era of merely imposing loss of revenue (LOR) penalty alone on offenders is over, as it will now enforce the full weight of […]Read More
The Rural Electrification Agency (REA) has entered into a Memorandum of Understanding (MoU) with five companies specializing in renewable energy to improve access to electricity in Nigeria. This collaboration is expected to provide a combined capacity of 1,265 megawatts (MW) from renewable sources. The agreements were made between REA and five companies: A4&T Power Solutions, […]Read More
The National Electricity Grid on Saturday has experienced another system failure, making it the fourth this year. The grid collapse led to a nationwide blackout in states across the country and the Federal Capital Territory (FCT), Abuja. The national grid collapsed for the first time in 2024 on February 4 followed by a nationwide outage […]Read More
Kaduna Electric has increased tariff for its customers on Band A feeders, raising the rate from N206.80/kwh to N209.5/kwh, effective from July 1, 2024. In an official statement, Kaduna Electric confirmed the tariff adjustment for Band A feeders, updating the cost from N206.80/kwh to N209.5/kwh. The revised tariff rate was disclosed in a notice issued […]Read More
The Transmission Company of Nigeria has suspended the planned power outage on the Osogbo/Akure and Ado-Ekiti 132KV lines. The outage was earlier scheduled for two months according to the BEDC Electricity Plc. The Head, Branding and Corporate Communications, BEDC, Evelyn Gbiwen, stated this in a statement on Tuesday in Benin. Gbiwen said that the suspension […]Read More
Africa50, a leading pan-African infrastructure investment group, has pledged $100 million to accelerate renewable energy projects and infrastructure across Africa. This $100 million investment stems from a collaboration agreement between Africa50 and the International Renewable Energy Agency (IRENA). The funds will be managed through IRENA’s Energy Transition Accelerator Financing (ETAF) platform. IRENA revealed that the […]Read More
Paraphrased News Article (Active Voice) The World Bank announced its plan to conduct a supervision mission next month to address the underperformance of a $500 million loan aimed at enhancing Nigeria’s electricity distribution sector. According to the latest Implementation Status & Results Report for the project, the mission will occur from July 8 to July […]Read More
The 11 electricity distribution companies (DisCos) in Nigeria generated N291.62 billion in revenue during the first quarter of 2024. This amount represents a slight decline from the N294.95 billion collected in the fourth quarter of 2023. However, comparing year-on-year figures, revenue rose by 17.91 percent from N247.33 billion in the first quarter of 2023, as […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has approved N21 billion for the electricity distribution companies (DisCos) from the Meter Acquisition Fund (MAF) scheme for the procurement and installation of meters for unmetered Band ‘A’ customers within their franchise areas. The total fund, NERC, is the first tranche of disbursement from the MAF scheme based on […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has approved the procurement of 450 megawatts (MW) of electricity from the newly completed Zungeru Hydro Electricity Generation Company Limited. The decision, which was issued in accordance with Commission Order No. NERC/2024/044 on “Transmission System Dispatch Operation, Cross-Border Supply and Related Matters,” aims to keep the hydropower plant in […]Read More
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