Electricity: NERC clamps down on DisCos, orders revenue diversion to network upgrades

The Nigerian Electricity Regulatory Commission, NERC, has issued a revised order directing electricity Distribution Companies, DisCos, to dedicate a portion of their earned operating revenue to critical network improvement projects. The Commission said the directive was aimed at accelerating network upgrades, improving electricity supply reliability and ensuring that available revenues were invested in critical infrastructure. […] Electricity: NERC clamps down on DisCos, orders revenue diversion to network upgrades