NewStats: 3,264,163 , 8,182,822 topics. Date: Monday, 09 June 2025 at 11:20 PM 6w4b676z3e3g |
Electricity: Uncertainty, As Discos Bid To Pull Out (30113 Views)
GamalNasser: 6:58pm On Sep 07, 2020 |
BotherMleeper: You think I don't know thieving DISCOS reject 70 percent of the electricity wheeled their way and deliberately stall the mass installation of meters just so they can continue selling darkness and making unable money and declaring only the little the accept from Gencos .... If they have nothing to hide then why are they panicking about small audit ....you and I know they are bluffing about leaving , they can never leave the business of selling one KWH of darkness for 59 naira . I am very gifted in seeing through ruse 10 Likes 4 Shares |
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Nobody: 6:58pm On Sep 07, 2020 |
These bastards are pulling out because of compulsory/mass metering. Thieves |
favor914: 6:58pm On Sep 07, 2020 |
BotherMleeper:No one forced them to buy it, if not greed, when the likes of Eskom, ABB, Siemens did not show interest they should have suspected foul play? FG should have sold the power infrastructure for 100 Naira & let the real investors take charge, not quacks like Bedc (Funke Osibudu) & Co. that went and took loans at high interest to acquire toxic assets. 2 Likes 1 Share |
favor914: 7:02pm On Sep 07, 2020 |
GamalNasser:You are very gifted in seeing through ruse? Are you a High Court of Justice Judge? |
Chirowman(m): 7:02pm On Sep 07, 2020 |
Government should take over the Electricity Nepa is better than what we are witnessing from this sheep's in goat clothing .No light yet you will pay Electricity bill that's why you will spend your last card to get prepaid meter , it's only in Nigeria that you will travel different states to get prepaid meter Las Las they will direct you to Abuja after they have got enough money and frustrated your life because of prepaid is this not fraud . they will sit in their offices and estimate high bills yet knowing fully well that they aren't giving Electricity. Please Egypt is better than Pakistan Enough of their wickedness.
4 Likes 1 Share |
KingWarri: 7:03pm On Sep 07, 2020 |
fjjc:IBDC and all others are together called discos |
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Nobody: 7:04pm On Sep 07, 2020 |
Those crooks running the DisCos are a bunch of beasts who deserve to be boiled alive.
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BotherMleeper(m): 7:09pm On Sep 07, 2020 |
favor914: That's faulty reasoning. Every investment is a risk, but the problem here is government is not really ing the sector, yet they want the investors to perform miracles in 7 years the government itself could not perform in more than 40. |
favor914: 7:16pm On Sep 07, 2020 |
BotherMleeper:A bad tree can never yield good fruits, all these so called Electricity & Distribution Companies used Nigeria as their testing ground, no prior experience anywhere in Nigeria, let alone the world? I Lagos State had a deal with Enron over some electricity project that went bust in the early 2000, before Enron itself went bankrupt? The people that pdp & Jonathan sold the commonwealth to are quacks, with no funds, or expertise to do anything, even Togo Electricity Company, or Ghana Electricity would have done a better job a 100x over. Like I said no one forced them to buy the assets if not greed. 1 Like 1 Share |
ehinmowo: 7:17pm On Sep 07, 2020 |
GamalNasser: Discos are devil incarnate. 3 Likes 1 Share |
favor914: 7:19pm On Sep 07, 2020 |
BotherMleeper:months after Nigeria sold her electricity assets Mexico did something similar, the caliber of interested parties was quite different. Two years ago, the Mexican government ed a law that required the deregulation of the energy industry, a process that officially started at the beginning of this year. The reform forces the electricity market within the country to open up energy generation and distribution to competition. This will allow more developers to enter the market who can sell electricity to Electric Service Providers (ESPs) in addition to the Federal Electricity Commission. In Mexico, the energy deregulation changes (and more) will ultimately allow private investment in areas including, refining, transport, exploration, extraction, storage and distribution and help to better commercialize electricity. https://www.google.com/amp/s/www.electricchoice.com/blog/energy-reform-mexico/amp/ |
SeniorGee(m): 7:21pm On Sep 07, 2020 |
The Disco house of commotion have no idea about the business, just ripping us off. Let them pull out let's know we don't have any hope than to always hope in vain. I govt on this one 1 Like 1 Share |
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Nobody: 7:35pm On Sep 07, 2020 |
Thieving discos many saw discoship as an opportunity to loot money from govt and customers. They did not improve the value chain, no investment in critical infrastructure always claiming consumers and govt. They shud be audited ASAP. 3 Likes 1 Share |
favor914: 7:42pm On Sep 07, 2020 |
quentin06:Jonathan & Pdp sold us out for personal fortune, no wonder they coined the phrase “ Stealing of public funds is not corruption, or selling Nigeria’s Commonwealth to cronies is not stealing”. |
donguutti: 7:47pm On Sep 07, 2020 |
oz4real83: Kikero , I believe this topic should interest you,your post on the Naija electricity matter lack a certain amount of depth Discos are worried over the recent plans to ring fence their s to enable a better remittance to Nbet and gencos and now are pulling this trick, |
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Nobody: 7:49pm On Sep 07, 2020 |
donguutti: Because it would in essence handicap them seriously. They would be forced to surrender most of their earnings to pay off their debts In other words, their debt repayment just got raised so to speak. |
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Nobody: 7:56pm On Sep 07, 2020 |
favor914: Argue constructively, I never mentioned PDP or APC we talking about how poorly the discos have faired since 2013. Selling national assets to cronies predates Jonathan, get your facts don't argue blindly. 1 Like |
gonkin(m): 7:59pm On Sep 07, 2020 |
I work as a plant operator in a power generation company. Would u believe that NCC will tell the power generation company that they are receiving too much megawatt? And they'll be complaining that we are not generating enough power
3 Likes 2 Shares |
donguutti: 8:16pm On Sep 07, 2020 |
kikero: Not their earnings, remittance for gencos, reading through the pwc report you refered to discos bill collection rate of 65% percent but rmit only 28% due to Nbet and gencos Going by the myto formula only about 40-45 percent of tariff goes to distribution, the rest is for gencos, tcn, nbet Thus by gouging on money due to others, they create imbalance in the market. Do you know why ikeja disco and egbin power are ranked highest in disco and Genco. Apologies for the errors in the previous posts |
escohido123: 8:17pm On Sep 07, 2020 |
Before dis so called discos came on board we were enjoying steady light. They should leave cos they are greedy. 1 Like 1 Share |
Re: Electricity: Uncertainty, As Discos Bid To Pull Out by Nobody: 8:21pm On Sep 07, 2020 |
donguutti: And all that happens because discos were forced to charge below the production cost of power in the first place Or they were charging tarrifs that weren't cost reflective Once that happens, then add the fact that many people don't even pay the bills, illicit practices happen like you said |
kokomilala(m): 8:29pm On Sep 07, 2020 |
Good news if they go. I was following the privatization process about 6 yrs ago. But the moment I saw Nigerian interests coming forward, I knew it would head for the rocks. I stopped following it. These discos haven't got the technical capacity like Siemens and General Electric and others to run power companies. Are they stupid? Didn't they evaluate the scraps they bought as transmission lines and other obsolete facilities? But they knew Nigerians would pay for their stupidity, that's why they went ahead. If government owes 40 percent stakes in the discos, doesn't the government have a say in how they're being run? And why are they afraid of forensic auditing? I pray and hope they pull out so that real investors who would invest in the sector and provide the technical capacity to bridge the gap in the power infrastructure would come in. 2 Likes |
Yusman316(m): 8:32pm On Sep 07, 2020 |
gonkin:Many don't know that the problem is distribution and not generation |
mamaafrik(m): 8:34pm On Sep 07, 2020 |
Abeg sell the whole thing to Seimen jooo....,na dwm go lose las...las,eni kuure
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Bimpe29: 8:39pm On Sep 07, 2020 |
They should please return the DISCOs back to the Government.
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ekevwe(m): 8:42pm On Sep 07, 2020 |
ijustdey: As if they were doing anything before. Nonsense |
ayenale1(m): 8:49pm On Sep 07, 2020 |
Please who understand what deji adeyanju spoke about??
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iveincome01: 8:53pm On Sep 07, 2020 |
really
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Prophet777: 8:54pm On Sep 07, 2020 |
Estimated billings and whatever has to do with disco has been a fraud from the onset.
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COMPAQ(m): 9:04pm On Sep 07, 2020 |
nairavsdollars: Only in two days that tariff increased have you concluded that light went from bad to worse. I fear your imagination o |
COMPAQ(m): 9:10pm On Sep 07, 2020 |
kokomilala: No real investor will invest properly in power when the cost is not reflective. No magic can cause that. Same way there can't be any investment in refining. I really wonder how many people doing business here give away their products below cost price, but you want others to do the same. When we do things right, we get the right results. Government in nigeria is the most incompetent organisation in nigeria. Totally clueless about the implications of what they are g as we have seen with P&ID, Azura Power, and many others . Soon after Siemens does the work, they will now start saying they didn't know the agreement said we will pay them for next 10years. Then Siemens will go to court, win the case then you people will say Siemens and German government want to enslave nigeria. 1 Like 1 Share |
COMPAQ(m): 9:18pm On Sep 07, 2020 |
favor914: Not sure any of those you mentioned would come to invest in Nigeria considering how corrupt we are, how we fail to honour agreements, how our currency depreciates daily, how we vilify those repatriating their hard earned dividend back home. Funny enough, if they had actually come and the situation remained the same, the same Nigerians would have been saying they should go and let the FG give local investors. We Nigerians have no clue what we really want. We just always want the opposite of what is on ground. Meanwhile the common factor when things don't work in Nigeria is always our INCOMPETENT GOVERNMENT!! 3 Likes 1 Share |
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