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Liquidity: Electricity sector generates N272.47bn in six months


Liquidity: Electricity sector generates N272.47bn in six months
On
DISCOs collection efficiency Q3’20
By Obas Esiedesa
Electricity market revenue grew by 10.55 per cent to N272.47 billion in the second half (July-December) 2020, compared to N246.46 billion generated in the corresponding period of 2019, according to the latest industry data obtained by Energy Vanguard.
The growth followed an intervention from the Presidency through the Central Bank of Nigeria, which imposed restriction on revenue collection bank accounts of Electricity Distribution Companies, DisCos.
The intervention meant that the bank accounts were locked, with cash allowed to come in but withdrawals by DisCos blocked.
Over the years, the DisCos have been accused by other industry operators of spending the industry’s revenue on their own operations to the detriment of others. ....

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TCN, AEDC trade blames over blackout in Karu, Jukwayi, Lafia others


TCN, AEDC trade blames over blackout in Karu, Jukwayi, Lafia others
On
By Chris Ochayi
The Transmission Company of Nigeria, TCN, and the Abuja Electricity Distribution Company, AEDC, Sunday, traded blames over the cause of total power blackout in Karu, Jukwayi in the FCT and Lafia, the Nasarawa state capital.
While the AEDC blamed the blackout on a faulty TCN’s 132KV transformer line in Apo, the Transmission Company of Nigeria, TCN, said the blackout was as a result of annual maintenance and not any faulty transformer.
Mr. Oyebode Fadipe, the General Manager, Corporate Communication at the at  GM, AEDC, had said in a statement earlier on Sunday in Abuja that the incident, which occurred on Saturday evening was making electricity supply to the affected areas very difficult. ....

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Brace for power outage, AEDC tells Abuja residents


Brace for power outage, AEDC tells Abuja residents
The AEDC says the outage will affect parts of the capital city.
The
Abuja Electricity Distribution Company (AEDC) says customers in some parts of the city will experience a three-day power interruption.
Oyebode Fadipe, General Manager, Corporate Communications of the AEDC, said this in a statement on Tuesday.
According to him, the interruption will start from Tuesday to Thursday.
Mr Fadipe listed the affected areas to include Utako, Wuye, Human Rights Radio, Sun City Estate, Galadimawa, Kabusa Garden, Idu Industrial, Idu Railway Station, Open University and CITEC Mbora Estate.
Others are: Durumi, Games Village, Lugbe Across, Pyakassa, Chika, Kunchinhoro, Brains & Hammer and environs. ....

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Abuja DisCo: Mararaba, environs to experience power interruption


TODAY
January 3, 2021
The Abuja Electricity Distribution Company (AEDC) says customers in parts of Mararaba in Nasarawa State and environs will experience power interruption between Jan. 3, and Jan. 6.
Mr Oyebode Fadipe, AEDC’s Manager, Corporate Communications, stated this in a statement in Abuja on Sunday.
“Our customers in the following areas under Mararaba: Aso Pada, Mararaba Guruku, Aku Village, Kabayi, part of Abacha road towards Sharp corner, Orange market, Abbatoir.
“Others include Tudun Wada, NIMCO Qtrs, Abacha Road, GT Bank, Polaris Bank, First Bank, Zenith Bank, Boundary Road, Custom Qtrs 1&3, overhead tank and environs.
“They are hereby informed that power supply to their homes and offices will be intermittently interrupted from today, Jan. 3, to Jan. 6, 2020,” he said. ....

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