TCN Suspends Port Harcourt Disco from Electricity Market - THISDAYLIVE

  • 📰 THISDAY LIVE
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

TCN Suspends Port Harcourt Disco from Electricity Market via thisdaylive

Transmission Company of Nigeria has suspended and disconnected Port-Harcourt Electricity Distribution Company from the electricity market.

The suspension order was posted on TCN’s twitter handle @TCN _Nigeria on Monday, adding that the suspension took effect from Sunday. TCN said that the suspension order followed default by PHDC in the Market Conditions/Market Participation Agreements. The News Agency of Nigeria reports that Kano Electricity Distribution Company is currently on suspension and has also been disconnected from the electricity market.In the last few weeks, similar suspension and disconnection orders had been issued against Kano, Enugu, Eko and Ikeja DISCOs over the same allegations of infraction of market rules.

TCN has, however, lifted the suspension on Enugu, Eko and Ikeja DISCOs after they complied with the market conditions/participation agreement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS

Business Business Latest News, Business Business Headlines