DisCos Reject Electricity Worth N1.5 Billion - Politics (2)

DisCos Reject Electricity Worth N1.5 Billion - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › DisCos Reject Electricity Worth N1.5 Billion (15292 Views)

Re: DisCos Reject Electricity Worth N1.5 Billion by Enudapan: 3:53pm On Oct 05, 2020

Nah eh! No qualms
This is so unsophisticated

Re: DisCos Reject Electricity Worth N1.5 Billion by seyigiggle: 3:53pm On Oct 05, 2020

these Discos should be enforced to mass meter across the country.

estimated is a fraud they do not want to end hence the rejection

Re: DisCos Reject Electricity Worth N1.5 Billion by Nobody: 3:56pm On Oct 05, 2020

99% of the people commenting did not bother to read the entire article and yet the foolish ones among them that are from a certain part of the country will still come here and blame Buhari

Re: DisCos Reject Electricity Worth N1.5 Billion by OmoleJay: 3:56pm On Oct 05, 2020

On a cruise

Re: DisCos Reject Electricity Worth N1.5 Billion by OmoleJay: 3:57pm On Oct 05, 2020

[quote author=seyigiggle post=94634918]these Discos should be enforced to mass meter across the country.

estimated is a fraud they do not want to end hence the rejection[/quote
Ealxactly[b][/b]

Re: DisCos Reject Electricity Worth N1.5 Billion by chloride6: 3:58pm On Oct 05, 2020

Lmao...because of tariff reduction...

I'm going to buy 100k unit..

Their fada

Re: DisCos Reject Electricity Worth N1.5 Billion by Techm0: 4:06pm On Oct 05, 2020

Niger and Chad are not rejecting power loads, but Nigerian Scam Distribution Companies are rejecting loads

This is crime big crime, even after we agreed to pay more, 80% increment

.

1 Like

Re: DisCos Reject Electricity Worth N1.5 Billion by Kylekent59: 4:10pm On Oct 05, 2020

The last paragraph explains it all. These discos are very wicked.

AEDC wants to give credit on purchase, but discos are like not so fast, let them pay for installment, bla bla bla......

If the whole masses can abandon or just sacrifice a day from opening their businesses, then stage a heavy protest on daylight robbery by the discos.

We can get what we want in this country, just that some people are not cooperative.

Re: DisCos Reject Electricity Worth N1.5 Billion by BigBashiru: 4:18pm On Oct 05, 2020

ijustdey:
https://dailytrust.com/discos-reject-n1-5bn-worth-electricity

All this long grammar

Re: DisCos Reject Electricity Worth N1.5 Billion by Osemee: 4:23pm On Oct 05, 2020

They have not reverted to the old tariff.Its really frustrating in this country of ours,how long are we going to continue with the suffering and smiling?

Re: DisCos Reject Electricity Worth N1.5 Billion by Dominionplaza: 5:12pm On Oct 05, 2020

Really ?

Re: DisCos Reject Electricity Worth N1.5 Billion by edoairways: 5:24pm On Oct 05, 2020

NERC cautioned the DisCos to “stop the deliberate refusal to clear faults on some 33kV feeders within the eight-hour timeline stipulated in the Reporting Compliance Regulation.

They should be fine not cautioned huh

Re: DisCos Reject Electricity Worth N1.5 Billion by NGpatriot: 5:25pm On Oct 05, 2020

8y88y8:
99% of the people commenting did not bother to read the entire article and yet the foolish ones among them that are from a certain part of the country will still come here and blame Buhari

They blame PMB and Fashola for the consequences of the corrupt and evil acts of their PDP uncles because of ignorance, bigotry and tribalism.

When GEJ and their crooked and corrupt PDP uncles privatized and sold our power assets to their crooked and corrupt cronies in the private sector for 1 kobo on the dollar with zero experience in power generation, power distribution, power management and zero funds needed to grown their power operations with, their ignorant and clueless followers were busy shouting GEJ till 2015.

Very sad.

1 Like

Re: DisCos Reject Electricity Worth N1.5 Billion by labi1977(m): 5:28pm On Oct 05, 2020

chloride6:
Lmao...because of tariff reduction...

I'm going to buy 100k unit..

Their fada

In Masha surulere area I was told they already increased the tariff. Sure enough when I bought credit it barely even reached half of what it usually does on my metre

Re: DisCos Reject Electricity Worth N1.5 Billion by NGpatriot: 5:43pm On Oct 05, 2020

Techm0:

Niger and Chad are not rejecting power loads, but Nigerian Scam Distribution Companies are rejecting loads

This is crime big crime, even after we agreed to pay more, 80% increment

.

DisCos face bleak future over N930bn debt in unpaid invoices owed NBET

A grim picture of the finances of Nigeria’s electricity distribution companies (DisCos) is emerging after a reconciliation of the invoices and payments between them and the Nigerian Bulk Electricity Trader (NBET) showed that the 11 DisCos owe a combined sum of N622.4 billion plus N308.2 billion in interest charged.

https://businessday.ng/exclusives/article/discos-face-bleak-future-over-n930bn-debt-in-unpaid-invoices-owed-nbet/

The DISCOs are deadly broke and in serious debt, they owe more money than many states combined.

Accepting more loads means more debt and electricity that they can not pay for, meaning their indebtedness and lack of funds to pay the GENCOs and other electricity generators is affecting the power generators and other players in the power value chain.

The FG can not keep throwing money away to subsidize power and operations of profit oriented private companies.

This danger and national security disaster was overlooked during the privatization process, now we can not reverse the whole privatization debacle because we don't want to send the wrong signal to investors or create the impression that the government is not reliable or trustworthy.

This is catch 22, but the FG need to ignore the negative impact and promptly declare some kind of national electricity emergency and tear up the whole privatization agreement, but the problem is what to replace it with since we still don't have viable alternatives.

Our deal with Siemens is a great deal, but it's not anywhere close to actualization on the ground.

1 Like

Re: DisCos Reject Electricity Worth N1.5 Billion by blacknp(m): 5:59pm On Oct 05, 2020

Imstrong2:
I think PHCN was better

Same entity, different name.

Re: DisCos Reject Electricity Worth N1.5 Billion by blacknp(m): 6:04pm On Oct 05, 2020

NGpatriot:
The DISCOs are deadly broke and in serious debt, they owe more money than many states combined.

Accepting more loads means more debt and electricity that they can not pay for, meaning their indebtedness and lack of funds to pay the GENCOs and other electricity generators is affecting the power generators and other players in the power value chain.

The FG can not keep throwing money away to subsidize power and operations of profit oriented private companies.

This danger and national security disaster was overlooked during the privatization process, now we can not reverse the whole privatization debacle because we don't want to send the wrong signal to investors or create the impression that the government is not reliable or trustworthy.

This is catch 22, but the FG need to ignore the negative impact and promptly declare some kind of national electricity emergency and tear up the whole privatization agreement, but the problem is what to replace it with since we still don't have viable alternatives.

Our deal with Siemens is a great deal, but it's not anywhere close to actualization on the ground.

Jonathan Ebele & pdp sold the next generation out to quacks all for political gain, what does Tunde Ayeni, Funke Osibudu, Captain Hosa, know about Electricity Distribution? Eskom South Africa is broke, the Nigerian Market would have been a new frontier, the largest market by far in their portfolio to make money to take back to the South Africa, just like MTN Nigeria, tomorrow people will say President Bill Buhari is the person that spoilt Nigeria

1 Like 1 Share

Re: DisCos Reject Electricity Worth N1.5 Billion by Nobody: 7:18pm On Oct 05, 2020

The MYTO tarrif was ill conceived, it did not take into account the practical realities of a 3rd world country like Nigeria.

Make them come collect na.

Re: DisCos Reject Electricity Worth N1.5 Billion by themanderon: 8:43pm On Oct 05, 2020

They reject power from the gencos and hike the price for their customers while paying a fraction of the funds generated to the gencos.
Truly In Nigeria everybody na criminal, and it's not as if Nerc does not know about it.

Re: DisCos Reject Electricity Worth N1.5 Billion by ikorodureporta: 8:49pm On Oct 05, 2020

Yeye discos. Dem say make dem reverse tariff, instead dem com reduce our light to 6hrs daily. As if that one no reach, dem still drop the voltage put

Re: DisCos Reject Electricity Worth N1.5 Billion by edoairways: 9:16pm On Oct 05, 2020

ikorodureporta:
Yeye discos. Dem say make dem reverse tariff, instead dem com reduce our light to 6hrs daily. As if that one no reach, dem still drop the voltage put

When the tariff went up,there was slight improvement in some areas. However, since they the government halted the tariff,there have been reduction of power supply.

Re: DisCos Reject Electricity Worth N1.5 Billion by Ten06(m): 9:39pm On Oct 05, 2020

There is no area in this country that corruption hasn't touched

Re: DisCos Reject Electricity Worth N1.5 Billion by ikorodureporta: 7:32am On Oct 06, 2020

If you don't provide meters, you can Never achieve your aim. 'cos I will not accept any imposition of power & tariff on me.

Re: DisCos Reject Electricity Worth N1.5 Billion by CHARLOE(m): 10:52am On Oct 06, 2020

D Discos are d problem, d reason we don't have stable electricity, they shld be probed. If everyone is metered with prepaid, this nonsense won't happen. Imagine rejecting generated electricity by gencos, n yet we're crying nigeria is not generating enough power!. D Discos have refused to invest in infrastructure n shld be investigated n penalised.

Re: DisCos Reject Electricity Worth N1.5 Billion by 2x24: 7:02pm On Oct 06, 2020

[s]

Techm0:

Niger and Chad are not rejecting power loads, but Nigerian Scam Distribution Companies are rejecting loads

This is crime big crime, even after we agreed to pay more, 80% increment

.

[/s]

Re: DisCos Reject Electricity Worth N1.5 Billion by labi1977(m): 11:41am On Jan 28, 2021

labi1977:
In Masha surulere area I was told they already increased the tariff. Sure enough when I bought credit it barely even reached half of what it usually does on my metre

1 2 Reply

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