Nigeria may be plunged into total blackout as power generation and distribution companies say over N400bn debt owed them are stifling their operations.
While GENCOs’ debt is put at over N300bn, DISCOs have complained of being owed about N100bn by customers.
With such a huge debt burden, the power firms said they lack the funding required for their operations, including the purchase of equipment and spare parts.
The Executive Secretary, Association of Power Generation Companies, Dr. Joy Ogaji, said, “The debt is over […]
It was gathered that the Abuja Electricity Distribution Company (AEDC) has cut off power supply to the national headquarters of the All Progressives Congress (APC) over N1.7 million debt.
Curiously, the party, according to our findings, has generated over N250 million this year, from the sale of Nomination and Expression of Interest forms for the Edo and Ondo states’ governorship primaries.
Blueprint gathered that the situation had gone so bad that junior workers at the party secretariat now contribute money daily for […]
According to reports, the Abuja Electricity Distribution Company says it will procure and install 80,000 meters free of charge to more customers under its mass metering project.
A statement by AEDC’s Head, Public Relations and Media, Ahmed Shekarau, stated that the Managing Director of AEDC, Ernest Mupwaya, announced this when the management of Bureau of Public Enterprises visited the AEDC office.
Mupwaya said the meters were in addition to the 57,000 installed for customers through the Credited Advance Payment for Metering Implementation.
The Kano Electricity Distribution Company said it had lost transformer oil, aluminium conductors, upriser cables and other valuables worth N108.8 million to activities of vandals in three states, Kano, Katsina and Jigawa, from August to date.
This is contained in statement signed by the company’s Public Relations Officer, Mr Mohammed Kandi, and issued to newsmen in Kano on Thursday.
According to Kandi, the spate of vandalism, energy theft and meter bypass had recently risen extremely in the company’s areas of operation and […]
The Ekiti State Commissioner for Public Utilities and Infrastructure, Deji Adesua, has expressed the state’s commitment to partner with Benin Electricity Distribution Plc (BEDC) in order to achieve its corporate objectives, even as he canvassed prompt payment of electricity bills by citizens of the state.
He gave this assurance during a Town Hall meeting held at Olojido Palace, Ido-Ekiti.Adesua according to a statement from BEDC, said the plea for electricity payment on regular basis was informed by the fact that responsibility […]