GENCOs, TCN, DISCOs on War Path over Power Losses

Following the continuous worsening power outages the privatised Generating Power Companies (GENCOs), the Transmission Company of Nigeria (TCN) and the Distribution Power Companies (DISCOs) are now on each other’s neck over who bears the cost of power losses from evacuation points through the national grid to the distribution network. This is due to dilapidated facilities at both the transmission level and distribution network.

At a meeting at the instance of Eko Disco in Lagos, the power companies could not reach an agreement as the GENCOs insisted that TCN should be held responsible for all the power losses from the generating stations through the national grid to the Discos.

However, the TCN argued that whatever quantity of power is supplied from the generating stations are directed to the Discos, therefore they should pay for it. But the Discos explained that they cannot pay for the power losses from the Gencos through the transmission lines managed by the TCN.

According to a source at the meeting, the Gencos claimed they had produced 200MW only for the Discos to receive less than 160MW, about 20 percent less than what the Gencos claimed they generated and evacuated. However, the Discos maintained that they will only bear the cost of the losses at the distribution network to consumers.

Meanwhile, the Minister of Power, Prof. Chinedu Nebo has expressed dissatisfaction over the worsening power supply nationwide. At a meeting with the power owners, he advised them to collaborate with each other to ensure that the power situation improves; assuring that the government will give every necessary support to them.

He reminded them of the additional generation capacity by the recent commissioning of two National Integrated Power Projects (NIPPs) at Alaoji and Olorunsogo. Nebo said there are plans to commission other NIPP plants upon the completion of the projects. The minister described the DISCOs as the vital link in the service delivery chain.

He expressed strong commitment and willingness of the Federal Government to continue to support operations of the Generation and Distribution Companies to actualise the plans to meet the energy needs of customers in both the private and public sectors.

Image Credit: psychologytoday

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

Leadway Sounds Alarm on African Swine Fever, Urges Farmers to Strengthen Biosecurity

As concerns grow over recent outbreaks of African Swine...

Ecobank Nigeria Launches Scaling Up!!! Podcast to Champion African Entrepreneurship, Business Growth

Ecobank Nigeria has launched Scaling Up!!!, its flagship business...

Leadway Assurance, CubeCover, Vitse Technologies Sign on as Official Partners for IMT 5.0

Insurance Meets Tech (IMT), West Africa’s premier platform for...

Cardoso, Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum in Abuja

A high-level fireside dialogue between the Governor of the...

Stanbic IBTC Named Winner in Four Categories at Euromoney Awards for Excellence 2026

Stanbic IBTC, a member of Standard Bank Group, was...

Topics

Heirs Energies Celebrates Third Anniversary

Significant Milestones in Production Growth, Transformational Community Engagement,...

Microsoft Unveils Fund for Affordable Internet

Microsoft Corporation has launched a new fund to cultivate companies with solutions that bring affordable Internet access to underserved markets. The fund is part of Microsoft’s Affordable Access Initiative, which invests in new last-mile access technologies, cloud-based services and applications, and business models that can reduce the cost of Internet access and help more people affordably get online. “Today there are approximately four billion people globally without Internet access,” said Peggy Johnson, Executive Vice President of Business Development at Microsoft. “The ability to close that gap is more achievable than ever with technology that is readily available and affordable in many parts of the world. Through this fund, we hope to kick-start the entrepreneurial process by identifying promising ideas that we can help nurture, grow and scale.”

Reinsurance: The Safety Net for Sustainable Insurance Growth in Africa

Insurance business has its elements of risk just as...

Bank Customers Lost N2bn to e-Fraud in 2016

The Central Bank of Nigeria (CBN) says that bank...

Nigerian Exchanges Collaborate for Greater Global Competitiveness

The Nigerian capital market will on Wednesday, August 8,...

New Energy Solar Redefines Solar Installation Business in Nigeria

With many years of experience as a Solar energy...

SEC, BOI, UBA Pledge Commitment to Growth of Non-Oil Sector

The Securities and Exchange Commission (SEC) has reiterated its...

‘NCC Not Disqualifying Nigerians Below 18 From Getting SIM’

The Nigerian Communications Commission (NCC) would like to draw...
spot_img

Related Articles

Popular Categories

spot_imgspot_img