Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,205,001 members, 7,990,736 topics. Date: Thursday, 31 October 2024 at 11:02 PM

TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule (10682 Views)

We Are Not Responsible For Your Failure - TCN To IBEDC / AEDC Slashes Power Bill By More Than 68% In Compliance With NERC's Order (Pics) / TCN Confirms Collapse Of National Grid (2) (3) (4)

(1) (2) (Reply) (Go Down)

TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Omooba77: 7:01pm On Jul 19
The Transmission Company of Nigeria (TCN) has issued a suspension notice to Abuja Electricity Distribution Company (AEDC) over alleged non-compliance with provisions of the market rules and failure to provide the Market Operator (MO) with an adequate Bank Guarantee in line with Section 15.3.3 of the MO.

It said the disconnection from national grid would occur on July 28 at the 33Kv Feeder from 132/33Kv Katampe 1 Transmission Station and 33Kv Feeder 3 from 132/33Kv Central Area Transmission Station.


In an advert placement on national dailies, signed by Ali Bukar Ahmad, the TCN said it had previously notified AEDC in writing of its default of the Market Rules via “request for fulfilment of Prudential Requirement dated 13/Feb/2024. Notice of Event of Default: Non-fulfilment of Prudential Requirement dated 22/Mar/2024 and notice of Intent to Issue a Suspension Order: non provisions of Adequate Bank Guarantee dated 8/Apr/2024.”

It stated that the notices requested that corrective actions be taken within specified period to avoid the default.


“In spite of all notifications, AEDC failed to cure this default. In view of this non-compliance, AEDC is hereby suspended from the MO Administered Electricity Market. No new contract or agreement shall be entered into with AEDC within the suspension period.”


It stated that to rectify the situation, AEDC must provide an adequate bank guarantee within five business days from the date of the notice.

“If after the five days this default is not cured, AEDC’s network may be partially or totally disconnected from the grid in line with Section 45 of the Market Rules. Furthermore, after 30 business days of the disconnection from the grid and the default is not cured, the Market Operator will terminate AEDC’s Market participation agreement.”
https://dailytrust.com/tcn-to-remove-aedc-from-grid-for-violating-market-rule/

6 Likes 1 Share

Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by mohims(m): 7:33pm On Jul 19
E don set for AEDC. Very fraudulent company

8 Likes 1 Share

Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Omooba77: 8:03pm On Jul 19
Hope EKEDC too will be added.......

4 Likes

Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Melagros(m): 10:07pm On Jul 19
COMRADES, welcome development
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by mrjoeblinks: 10:07pm On Jul 19
Ehen?
.
God said “Let there be light” I wonder wetin all this nepa people go tell God when dem reach yonda
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by bookson(m): 10:07pm On Jul 19
Not surprised
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Nahunger(m): 10:08pm On Jul 19
cheesy

Wahala
For B A N A N A - R E P U B L I C
🥲

1 Like

Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by SatoshiX: 10:08pm On Jul 19
Nonsense and ingredients.
Paying more for darkness.
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by ssogundele2003: 10:08pm On Jul 19
Ha! What again? Please make una settle this issue amicably o.
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by specialmati(m): 10:10pm On Jul 19
cool cool cool cool cool cool it's about to go down people

Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by RALPHOW(m): 10:10pm On Jul 19
Please sell it to competent company like Siemens or American Electricity company.

3 Likes 1 Share

Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by tayo4ng(m): 10:10pm On Jul 19
We are waiting, frivolous warning
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by bestman09(m): 10:13pm On Jul 19
Hope they have the balls to effect the disconnection. I hate empty threats.

2 Likes

Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Dronedude(m): 10:22pm On Jul 19
All for one, one for all. TCN Head office and even their Oga house dey Abuja.

3 Likes 1 Share

Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by SpaceX: 10:28pm On Jul 19
AEDC are the ones supplying electricity to the north, hope we won't be affected? I no get money for fuel. My jet dey use electricity.
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by esemes256: 10:28pm On Jul 19
Wait oh, that means we no go get light again for Abuja? I no understand.

1 Like

Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Ameboperoo(m): 10:30pm On Jul 19
Hope it won't affect our power supply o. We don't want a repeat of what happened during NLC strike few weeks ago
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by bigiyaro(m): 10:42pm On Jul 19
Abuja! The HQ of all mediocres in Nigeria and Africa. From thieving politicians and government officials to incompetent workers of all kinds, from stupid ministers to clueless appointees to outright dullards running government institutions and business, you will find them in Abuja, from illegal schools and hospitals to quack doctors, blood sucking law enforcement officers they are all there. The devil just hand picked the worst humans and dumped them in the middle of Nigeria.

1 Like 1 Share

Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by emmyN(m): 11:01pm On Jul 19
They should remove BEDC too
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by OMEGA009(m): 11:10pm On Jul 19
No wonder we never see light
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Keaton(m): 11:41pm On Jul 19
OMEGA009:
No wonder we never see light
🤣🤣🤣
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Keaton(m): 11:41pm On Jul 19
esemes256:
Wait oh, that means we no go get light again for Abuja? I no understand.
🤣🤣🤣🤣
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Keaton(m): 11:42pm On Jul 19
Ameboperoo:
Hope it won't affect our power supply o. We don't want a repeat of what happened during NLC strike few weeks ago
it will 🤣🤣🤣
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Keaton(m): 11:50pm On Jul 19
SpaceX:
AEDC are the ones supplying electricity to the north, hope we won't be affected? I no get money for fuel. My jet dey use electricity.
You're affected
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Keaton(m): 11:50pm On Jul 19
emmyN:
They should remove BEDC too

1 Like 1 Share

Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Keaton(m): 11:51pm On Jul 19
bigiyaro:
Abuja! The HQ of all mediocres in Nigeria and Africa. From thieving politicians and government officials to incompetent workers of all kinds, from stupid ministers to clueless appointees to outright dullards running government institutions and business, you will find them in Abuja, from illegal schools and hospitals to quack doctors, blood sucking law enforcement officers they are all there. The devil just hand picked the worst humans and dumped them in the middle of Nigeria.
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Keaton(m): 11:59pm On Jul 19
mrjoeblinks:
Ehen?
.
God said “Let there be light” I wonder wetin all this nepa people go tell God when dem reach yonda
Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Keaton(m): 12:00am On Jul 20
OMEGA009:
No wonder we never see light

(1) (2) (Reply)

National Media Tour of Projects In FCT-DAY 1(pics) / Waziri’s EFCC Initiated $6m No-trial Deal With Suspect, Says Adoke / Osun Govt To Marketers: Hoard Fuel, Face Persecution For Economic Sabotage

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 28
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.