Gencos

The Federal Government has said it would begin paying part of the debts it owes power generating companies and gas suppliers from April. Minister of Power, Adebayo Adelabu, made the disclosure when he was on a working visit to Egbin…

Power Distribution Companies (DisCos) have resorted to rationing as data revealed that Nigeria is currently experiencing almost 16, 000megawatts power deficit despite having so far; issued generation licenses to 40 Generation Companies…

An indigenous energy company, Seplat Petroleum Development Company Plc, has said it is driving the growth of the domestic gas market to power the economy. The Chief Financial Officer (CFO) of Seplat, Emeka Onwuka, said this at…

Success Nwogu The affiliates of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have directed their members to fully comply with the directives of the labour unions to begin a nationwide strike and peaceful…

By TAYO ELEGBEDE Despite its inability to pay seven years rent it owed, the  Abuja Electricity Distribution Company (AEDC) said it is ready to purchase two of the assets of its landlord, the Nigeria Electricity Liability Management…

Finally, the Senate has begun a probe of the various agreement signed during the 2013 power sector reform in its efforts to find a lasting solution to the problem in the sector. The probe being handled by the Senate Committee on Power…

Again, the Senate has insisted that it will review the privatization of the power sector by previous administrations.   President of the Senate, Ahmad Lawan said in his concluding  remarks on a motion titled: “Power Sector Recovery Plan…

Electricity Generation Companies (GenCos) comprising gas-fired and hydro stations said they could not generate 3,568 megawatts of electricity on Wednesday due to the unavailability of gas. This information was made known in a daily…

President of the Senate, Ahmad Lawan Thursday said the existing power firms do not have sufficient capital required to operate in the market and meet up with Nigerians expectations. This development, Lawan said has necessitated a review…

The Federal Ministry of Power is to introduce a new Electricity distribution policy called "willing Seller, Willing Buyer" that will link up consumers that are ready to pay their bills to the generating companies Under the new…