Brendan Umoren The federal government has ordered the disconnection of three electricity distribution companies from the national grid over “non-compliance with the conditions of market rules”. The Discos were alleged to be owing the Transmission Company of Nigeria (TCN) N231 billion energy service debt. In notices issued by the Market Operator (MO), an arm of the TCN, a directive was given for the suspension of Eko, Enugu and Ikeja distribution companies for failing to renew their security cover. Security cover is a deposit established to serve as a form of…
Read MoreWhy FG Ordered Suspension Of Enugu, Eko, Ikeja Discos From National Grid
