Nigeria generated 33,448,633MWh of energy in 2019 – NBS

The power generation statistics for 2019 reflected that a total of 33,448,633 MWh of energy was generated by power stations, the National Bureau of Statistics (NBS) has said. In its latest report on power generation in the country for the year 2019, it shows that privatized GenCos generated 19,692,683 MWh, independent power producers (IPP) GenCos generated 7,798,253 MWh while the NIPP GenCos generated 5,957,697MWh. However, Egbin recorded the highest energy generation with 3,786,313MWh accounting for 11.32 per cent while Alaoji NIPP recorded the lowest with 209,453MWh accounting for 0.63 per…

Read more

CBN Directs DMB-Led Electricity Market Collections

50% electricity tariff increase

By CBN In line with a directive of the Power Sector Coordination Working Group to improve payment discipline in the Nigerian Electricity Supply Industry (NESI), and thereby boost the overall quality of electricity generation, transmission and distribution, all Deposit Money Banks are required to immediately implement the underlisted actions in collaboration with their customer Electricity Distribution Companies (DisCos). Banks providing Bank Guarantees to Nigeria Bulk Electricity Trading (NBET) Plc and the Transmission Company of Nigeria (TCN) on behalf of DisCos, would take full responsibility for: The collections of the concerned…

Read more