Energy
TCN slams suspension on Discos
The Transmission Company of Nigeria (TCN) says it has issued a second suspension order to Kano Distribution Company (KEDCO) .
The suspension order was posted on TCN’s twitter handle @TCN_Nigeria on Wednesday.
According to the twitter handle, the suspension order which took effect from Tuesday was issued on KEDCO for not paying May 2O19 Invoice in full.
The Nigerian Electricity Market Operator said that the non payment of the invoice in full was a default in the Market Conditions/Market Participation Agreements .
TCN on July 21, issued suspension and disconnection orders to KEDCO from the electricity grid.
According to TCN, the suspension order was as a result of KEDCO’s default in the Market Conditions/Market Participation Agreements.In the last few weeks suspension and disconnection orders had been issued against Port-Harcourt , Enugu, Eko and Ikeja DISCOs over the same allegations of infraction of market rules.
TCN has, however, lifted the suspension on Enugu, Eko and Ikeja DISCOs after they complied with the market conditions/participation agreement while Port-Harcourt Disco remains on suspension.
-
Latest1 week agoGlobal excitement builds as Healing Streams Live Services returns October 23
-
Featured6 days agoInside INEC’s race to prepare for Nigeria’s 2027 elections
-
Featured6 days ago2027: APC unveils nationwide campaign timetable, Tinubu to rally in 12 states
-
Business1 week agoPresident Tinubu and the Low Transport Fares Fiasco
-
Business4 days agoNaira faces exchange rate gap as Dollar hits N1,380 on parallel market
-
Business6 days agoCourt dismisses ₦170m Trade Fair contract claim, says Zenith Bank was not a party
-
Latest6 days agoBreaking: NNPCL raises petrol price to ₦1,405 per litre amid discount controversy
-
Business1 week agoRite Foods targets beverage market growth with LIDA Malt