Page 7 - மின்சாரம் விநியோகம் நிறுவனங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.

Port harcourtAbuja federal capital territoryObas esiedesaOyebode fadipeFrank whyteEnergy vanguardAssociation of power generation companiesTransmission companyCentral bankNigeria electricity regulatory commissionPresidential working group on powerElectricity distribution companiesNigerian bulk electricity trading plcCorporate communicationsAbuja electricity distribution companyKindly share this story