The Abuja Electricity Distribution Company (AEDC) has been suspended by the Market Operator (MO) of the Transmission Company of Nigeria (TCN), for not complying with provisions of the market rules.
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President Bola Tinubu on Wednesday disclosed that Nigeria has attracted over $2 billion in investment in the renewable energy sector, making it a fast-growing sector in the economy.
“Together, we can build a robust power sector that will power our health facilities, businesses, create jobs, and propel Nigeria to new heights of economic prosperity.
The Nigerian Electricity Regulatory Commission (NERC)has threatened sanctions against electricity distribution companies or DisCos if they failed to take up at least 95 per cent of the total monthly energy allocated for distribution.
“We regret to inform you that the power outage being experienced in our franchise states is due to System Collapse of the National Grid. The collapse occurred at about 3:10 pm, hence the loss of supply on all our outgoing feeders.
“As a nation, it is so shameful that we are still generating 4.5GW of electricity. We are determined to do that with your cooperation, collaboration, and recommendations,” the President was quoted as saying.
“Dear esteemed customers, Please be informed that there is an upward tariff review for our Band A feeders from N206.80/kWh to N209.5/kwh effective 1st July 2024. The guaranteed availability of a minimum of 20 hrs per day still stands.
According to the breakdown, Ikeja Electric has highest share with N4.36 billion, followed by Abuja DisCo, N2.99 billion; Eko DisCo, N2.92 billion; Ibadan DisCo, N2.51 billion; Enugu DisCo, N1.72 billion; and Benin DisCo, N1.57 billion.
“We don’t put pressure on the grid. We produce about 1,500 megawatts of power for self-consumption,” Aliko Dangote said at the Afreximbank Annual Meetings and AfriCaribbean Trade & Investment Forum in Nassau, The Bahamas.
“As a government, we must meet the yearnings and aspirations of our people. We will apply the resources of Kebbi judiciously, what you see is just the beginning, the purchase of transformers is part of my government’s agenda”, Idris narrated.