Nigerian power sector crisis
Egbin Power Disputes FBNQuest’s Takeover Amid Receivership Dispute
Nigeria’s power sector has been thrust into turmoil following conflicting reports regarding the receivership status of KEPCO Energy Resources Nigeria Ltd, the majority shareholder in Egbin Power Plc. The latest development has sparked industry-wide concern about the stability and future of the country’s largest thermal power plant. According to a public notice released on Wednesday, […]
DisCos Shun States in Escalating Tariff Showdown
The ongoing power sector dispute between Nigerian electricity distribution companies (DisCos) and state governments has intensified as DisCos reject negotiations with states over electricity tariffs. The standoff, which stems from the recent tariff cut for Band A customers in Enugu State, has raised concerns about the stability of the country’s power market. On Wednesday, commissioners […]