UGO AMADI, Assistant Business Editor
With the hope of reviving the fortunes of Nigeria’s privatised electricity market which is currently under immense operational stress, Nigerian Electricity Regulatory Commission (NERC), new commissioners have outlined six areas the regulatory agency would focus on going forward.
There are strong indications that recent improvement in power sector may be short-lived as the management of Egbin Power threatened t shut down operations due to non-settlement of N100billion debt, inadequate gas supply and inefficiency in operations of the Transmission Company of Nigeria (TCN).
EUCLID MYKE, Abuja
The National Union of Electricity Employee (NUEE) Tuesday staged a heavy protest, preventing the inauguration of the Board of Nigerian Electricity Regulatory Commission NERC by the Minister of Power, Works and Housing, Babatunde Raji Fashola in the Transmission Company of Nigeria TCN Headquarters.
The Port Harcourt Electricity Distribution Company (PHED) on Monday apologised to its customers over power outage being experienced in the city.
The nation’s power generation capacity has dropped from 4,285 megawatts recorded on September 16 to 3,321 megawatts on December 1 due to scarcity of gas, the News Agency of Nigeria (NAN) reports.
The Managing Director and Chief Executive Officer, Egbin Power Plc, the nation’s biggest power station, Mr. Dallas Peavey Jr., has said the company owes banks $325m (N99.13bn).
The Transmission Company of Nigeria, TCN has transmitted about 3,810 megawatts (mw) of electricity generated on September 8 by the generation companies to the 11 distribution companies.
EUCLID MYKE, Abuja
THE Transmission Company of Nigeria, TCN has articulated a 15 year incremental working plan to take the current power generation capacity of 2200MW to 10,000MW by 2019 and subsequently, 20,000MW by 2022.