Tag: GenCos
Nigeria Looses N243bn in Power Generation in 10 Months
Nigeria’s Electricity Generation Statistics between January and October shows that Nigeria recorded losses in power generation volume valued N243 billion.
The October 2020 electricity generation...
Electricity Operators Failed Nigerians – Lawmakers Declare!
The House of Representatives on Wednesday bemoaned the power gridlock Nigeria is faced with, stating that the power generation companies (GenCos) and the distribution companies...
N190bn Electricity Debt: NDPHC Mutes Idea of Selling Direct to Consumers
Nigeria may adopt the policy of selling electricity straight to eligible customers without passing through the Nigerian Bulk Electricity Trading Plc if a suggestion...
Power Sector Power-Play Consumes TCN MD
…it would reposition & improve power sector performance, says minister Â
…SSAEAC Union silent on strike threat.
Poor management of the face-off between the Senior Staff Association...
Discos Huge Indebtedness Stifling GENCOs, APGC cries out
Oge Obi
The Association of Power Generation Companies (APGC) has said that discos continuous failure in their monthly remittances to the NBET is badly hurting...
FEC approves N701billion to tackle liquidity challenges faced by GenCos
The Federal Executive Council of Nigeria (FEC) has approved a power guarantee assurance valued at N701 billion ($2.2billion) to electricity generating companies (GenCos) to...
