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NERC warns Power Distribution Companies against unapproved charges

The Nigerian Electricity Regulatory Commission (NERC) on Monday February 19, 2012 warned electricity distribution companies not to charge their customers rates outside what was approved by it last year.

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New Vistas of Investment Opportunities as NERC signs Regulations

NEW VISTAS OF INVESTMENT OPPORTUNITIES AS NERC SIGNS REGULATIONS TO ENCOURAGE SMALL POWER GENERATION AND DISTRIBUTION
By Faloseyi Michael

After over two decades in the doldrums and near total abandonment, the first serious step at reforming the Nigerian Electricity Supply Industry (NESI) was taken in 2005, when the Federal government enacted the Electric Power Sector Reform Act. The main objective of the Act is to encourage private investments and ensure efficiency in the sector. This policy shift was justifiable as it was obvious that the Federal Government could no longer meet up with the financial requirement for the capital intensive power sector.

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IPPs Complain of Bureaucracy Over World Bank Guarantee on Investments

Representatives and chief executive officers of independent power producers (IPPs) on Tuesday March 13, 2012 met with the Nigerian Electricity Regulatory Commission (NERC) as they complained of delay in securing risk guarantee and gas supply agreements among other challenges delaying execution of their projects.

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