KEDCO: Notice of Lifting Suspension Orders PDF Print E-mail
Written by Jaafar Dikko   
Monday, 20 January 2020 19:48

 

KEDCO: Notice of Lifting Suspension Orders No: TCN/ISO/MO/2019/005, TCN/ISO/MO/2019/009

& Disconnection Order No: TCN/ISO/MO/2019/006

Issued against Kano Electricity Distribution Company

Before the Market Operator (Independent System Operator) Transmission Company of Nigeria.

In the matter of non-compliance with the conditions of Market Rules and Market Participation Agreements.

WHEREAS:

1. KANO Electricity Distribution Company (KEDCO) was suspended from the Market Operator Administered Market due to EVENTS OF DEFAULT. KEDCO was notified of this EVENT OF DEFAULT by NOTICE OF EVENT OF DEFAULTS (NED/2019/005) dated July 9th, 2019 and (NED/2019/007) dated July 23, 2019.

2. In line with Section 45.3.7 of the Market Rules, KEDCO was issued Notice of Intent to Issue Suspension Orders “(NIISO/2019/005)” dated July 15th, 2019 and “(NIISO/2019/007)” dated July 29th, 2019.

3. Due to its failure to remedy the “Events of Default”, the Market Operator, in line with Market Rules 45.3.9, 45.3.12 and 45.3.13, suspended KEDCO from the Electricity Market.

4. KEDCO has now remedied the Events of Default and paid the associated penalty.

5. In line with Market Rules 45.3.11, the Market Operator hereby notifies the Transmission Service Provider, System Operator, other Participants and the General Public that:

(a) the Market Operator Suspension Orders No: TCN/ISO/MO/005, TCN/ISO/MO/009 & Disconnection Order No: TCN/ISO/MO/006 suspending Kano Electricity Distribution Company (KAEDCO) from the Market Operator Administered Market and subsequent Disconnection have been lifted.

BY THE NOTICE OF THE MARKET OPERATOR

DATED THIS 13th DAY OF JANUARY 2020

Engr. E.A. EJE

MARKET OPERATOR

 


 

Last Updated on Wednesday, 29 January 2020 20:48
 

Manage Your Account

Login


Calender