Business
NERC Clears Air On Electricity Payment By Togo, Other Countries
The Nigerian Electricity Regulatory Commission (NERC) has said that the Republic of Benin, Niger Republic and Togo made no payment for the electricity supplied to them from Nigeria in the second quarter of 2021.
The Commission in its Second Quarter Report of 2021, stated that the power firms of the three nations and some other special customers were issued a total bill of N770 million by the Nigerian Bulk Electricity Trading Company and the Market Operator of the Transmission Company of Nigeria.
It, however, noted that nothing was paid by the neighbouring countries and other special customers for the power supplied to them from Nigeria during the period in consideration.
According to the report, the neighbouring countries’ power firms include Societe Nigerienne d’electricite – NIGELEC, in Niger Republic; Societe Beninoise d’Energie Electrique (SBEE) in Benin Republic; and Compagnie Energie Electrique du Togo (CEET) in Togo Republic.
”During the quarter under review, NBET and MO issued a total of N0.77bn in respect of energy sold by NBET and services rendered by MO to the special (Ajaokuta Steel Co. Ltd and other bilateral customers) and international customers (Societe Nigerienne d’electricite – NIGELEC, Societe Beninoise d’Energie Electrique – SBEE and Compagnie Energie Electrique du Togo– CEET).
“No payment was made by these customers during the quarter under review. It is hoped that as the economy of these customers improves post-Covid-19 lockdown, they will resume the settlement of their bills in full”, the report explained.
On the performance of distribution companies in Nigeria with respect to the payment of electricity sold to them by the NBET, the power sector regulator stated that the firms did not pay up all their bills.
“During the second quarter of 2021, a total invoice of N259.7bn was issued to the eleven Discos for energy received from the Nigerian Bulk Electricity Trading Plc and for service charge by MO, out of which a sum of N130.11bn was settled, representing remittance performance of 50.11 per cent.
“This represents a 1.78 percentage point decrease from the final settlement rate recorded in the first quarter of 2021”, it explained.
NERC stated that apart from Eko Disco, none of the other Discos met their expected minimum remittance thresholds to NBET in the quarter under review.
It stated that at overall, the total Disco remittance to NBET was 76 per cent of expected total for the quarter, as the average aggregate remittance performances to MO and NBET decreased by 1.78 percentage points from 51.88 per cent in first quarter 2021 to 50.1 per cent in the second quarter.
By: Corlins Walter
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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