Discover and read the best of Twitter Threads about #nbet
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While the country was distracted by the holidays, @PowerMinNigeria, Sale Mamman, said he'd suspended the MD of #Nigerian Bulk Electricity Trading Co, #NBET. This is an example of abuse that pervades power in Nigeria. This Minister has no such powers.
energycentral.com/news/nbet-boss…
energycentral.com/news/nbet-boss…
#NBET, @nbetnigeria is an #SPV wholly owned by @NigeriaGov and incorporated since 2010. Its shares are subscribed by the Ministry of Finance Inc (MOFI) & by the Bureau of Public Enterprises, BPE, which is the majority shareholder.
nbet.com.ng/about-us/who-w…
nbet.com.ng/about-us/who-w…
#NBET, @nbetnigeria has a Board of Directors, chaired under its instruments by the @FinMinNigeria. At incorporation in 2010, it was @NOIweala. Currently, it is @ZShamsuna. Before her, it was @HMKemiAdeosun.
thecable.ng/adeosun-board-…
thecable.ng/adeosun-board-…
#NigeriaMessyPower Sector
-Gas producers are private sector owned, under yoke of FG fiat over gas prices to GENCOS
-Gencos partially owned by FG and private investors
-#NBET that owns the national grid is 100% FG owned
-Transmission Coy of Nigeria or TCN is owned by FG
-Gas producers are private sector owned, under yoke of FG fiat over gas prices to GENCOS
-Gencos partially owned by FG and private investors
-#NBET that owns the national grid is 100% FG owned
-Transmission Coy of Nigeria or TCN is owned by FG
-DISCOS partially owned by FG and private investors
-Customers owing DISCOS
-DISCOS owing NBET
-NBET owing GENCOS
-GENCOS owing gas producers
#TCN doesn't have enough capacity to transmit all power generated by GENCOS
-Customers owing DISCOS
-DISCOS owing NBET
-NBET owing GENCOS
-GENCOS owing gas producers
#TCN doesn't have enough capacity to transmit all power generated by GENCOS
-DISCOS charges customers estimated billing to make up for power theft, debtors etc
-Gas companies ship gas overseas at competitive prices for $$ revenues
-NBET sells some power to neighbouring countries for rev for FG
-Thousands of MW generated for NBET cannt be taken up by TCN
-Gas companies ship gas overseas at competitive prices for $$ revenues
-NBET sells some power to neighbouring countries for rev for FG
-Thousands of MW generated for NBET cannt be taken up by TCN
