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MP starts DBT in power, allowed to borrow Rs 1,423 cr more ​ By IANS | Published on ​ Tue, Jan 19 2021 18:21 IST | ​ 0 Views Rupees.. Image Source: IANS News New Delhi, Jan 19 : Giving power sector reforms a fresh 'leg up', Madhya Pradesh has started Direct Benefit Transfer (DBT) of electricity subsidy to farmers in a single district of the state from December 2020. Therefore, the state has successfully implemented one out of the three stipulated reforms in the power sector. The reforms stipulated by the Finance Ministry has made the state eligible to mobilise additional financial ...

Emmanuel Addeh in Abuja The directive by the Central Bank of Nigeria (CBN) to Nigeria’s deposit banks to take over the collection of revenues from the power Distribution Companies (Discos) has begun to yield positive results, THISDAY checks revealed at the weekend. The Discos posted a record N44.5 billion revenue collection in September 2020, the highest ever recorded by the power distributors, a month after the apex bank gave the directive, it was learnt. Before the September record, in August 2020, the month the order was given, data released by the Discos in its third-quarter summary of ...

As a die-hard Karachiite born and brought up in this resilient, diverse and fast-paced city, I remember the progressiveness, turmoil and uncertainty that Karachi has gone through over the last four decades. I also distinctly remember the decline of...

Punch Newspapers Sections ’Femi Asu Electricity consumers paid N362bn out of the N520bn billed them by the distribution companies in the country from January to September last year, a new report by the Discos has shown. The Association of Nigerian Electricity Distributors, the umbrella body for the 10 private Discos in the country, said the power firms lost N158bn, representing 30.38 per cent of the energy billed in the nine-month period. The Discos’ revenue collection rose to N130bn in the third quarter of 2020 from N105bn in Q2 and N125bn in Q1, according to their latest quarterly perfo...

Punch Newspapers Sections Published 21 December 2020 A total of 10,106.8 megawatts of electricity could not be generated by the nation’s power plants last week amid lingering challenges in the Nigerian electricity supply industry, ’FEMI ASU reports Daily electricity generation in the country averaged 4,601.33MW last week as gas constraints and low load demand by electricity distribution companies limited power plants’ output. The power plants connected to the national grid produced a total of 32,209.3MW last week, according to daily generation figures as of 6am collated from the Nigeri...