NERC Blasts Market Operator For Sitting On $30bn Funding …C0NTINUE READING HERE >>>
The Nigerian Electricity Regulatory Commission (NERC) has blasted the market operator for delaying the utilisation of $30 billion in funding in its coffers intended for the development of a spinning reserve in the Nigeria electricity sector.
This is as the industry has recorded about 162 systems collapse since privatisation 11 years ago.
NERC’s concerns centre on the operator’s failure to utilise these funds effectively, which have hampers improvements in electricity supply and infrastructure development.
This followed three significant outages within a week, raising concerns…
>