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Home»Energy/Electricity»DisCos to risk licenses revocation if… – Minister
Energy/Electricity

DisCos to risk licenses revocation if… – Minister

certain distribution companies are failing to adequately distribute the power supplied by TCN, while vandalism of power infrastructure exacerbates the problem in regions such as Abuja, Benin, Port Harcourt, and Ibadan,”
Abdoulaye KayBy Abdoulaye KayMarch 7, 2024Updated:March 7, 2024No Comments2 Mins Read
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The Nigerian government has threatened it would revoke licenses of power Distribution Companies (DisCos) owing to the ongoing outrages across the country.

The Minister of Power, Adebayo Adelabu issued the warning on Wednesday.

“The purpose of this meeting is to discuss the worsening power supply in their respective regions and to collectively find lasting solutions,”

“The ministry has been exerting pressure on the Generating Companies to enhance their performance, resulting in a recent increase in generation to over 4000MW.

ALSO READ GenCos lose ₦27.14bn on 4,724.76MW stranded power

“Despite this progress, certain distribution companies are failing to adequately distribute the power supplied by Transmission Company of Nigeria (TCN), while vandalism of power infrastructure exacerbates the problem in regions such as Abuja, Benin, Port Harcourt, and Ibadan,”

He expressed his dedication to ensuring that all distribution companies are held responsible for their actions, emphasizing that deliberate failure to meet expectations will not be accepted, and could result in serious repercussions such as the revocation of licenses.

“Plans are underway to settle outstanding debts owed to power generation and gas supply companies, which will alleviate the financial strain and contribute to improved generation levels nationwide.

“I urge electricity consumers to remain patient as we work tirelessly to address these issues and provide better service to all Nigerians.

“Additionally, I have instructed TCN to prioritise repair works on damaged transmission towers and power lines to improve supply in affected regions.

“During recent supervisory visits to power-generating plants, I have witnessed firsthand the challenges faced by the sector,” the minster said.

DisCos gencos Licenses revocation
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