21st July, 2019
The management of Transmission Company of Nigeria (TCN), says it has issued suspension and disconnection orders to Kano Electricity Distribution Company (KEDCO) from the electricity market.
The suspension order was posted on TCN’s twitter handle @TCN_Nigeria on Sunday.
According to the twitter handle, the suspension order was as result of KEDCO’s default in the Market Conditions/Market Participation Agreements.
The TCN said the default was not remedied.
It said KEDCO failed to increase its security cover in accordance with the market rules.
The TCN said the intake of KEDCO from the grid had been restricted through a disconnection order to the Transmission Service Provider as some facilities would be disconnected.
According to the TCN, security cover when so required of an amount established by the Market Operator to serve as a form of guarantee of payment for all amounts due from the participant to the MO.