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Monday 9 May 2011

New electricity tariff coming next month


The Nigerian Electricity Regulatory Commission (NERC) would next month announce the much-awaited review of electricity tariff that will be a major factor for investors to stake their funds in the industry.

According to the commission’s Chairman, Dr. Sam Amadi, who disclosed this in Abuja at the weekend, this will be arrived at after all the parameters associated with generation, transmission and distribution of the commodity, along with a reasonable margin, have been worked out.

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