The Nigerian Electricity Regulatory Commission (NERC) has approved $1.844 billion (N756.74 billion) Capital Expenditure (CAPEX) for the 11 Distribution Companies (DisCos) for the next five years in their Performance Improvement Plan (PIP). The projected investment directives were requested for by the DisCos in 2020 through an extraordinary tariff review application.
According to the orders signed by the chairman, Sanusi Garba and the Commissioner, Legal, Licencing and Compliance, Dafe Akpeneye on April 29, 2021, the approved PIP is expected to start by July 1, 2021 and end by June 30, 2026…
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