N5.6trn Debt Threatens Energy Supply as Gas Firms Cut Supply
Nigeria faces the threat of nationwide blackouts as gas companies reduce their supply to power plants due to an outstanding N5.6 trillion debt owed to power generation companies.
The development has raised concerns about the stability...
GenCos Loses N122.79bn To Capacity Challenges In Five Months
Nothing less than N122.79 billion has been lost by Nigeria’s power generation companies (GenCos) between January to May this year.
Pioneer Executive Secretary of the Association of Power Generation Companies, Dr. Joy Ogaji, said while available capacity...
Privatisation Has Exposed Power Sector Weakness, Says Gencos
Electricity generation companies in the country have said the privatisation of the power sector has exposed the inherent structural weakness in the sector.
The Gencos said they had continued to perform in line with industry agreements despite the...
Blackout Looms As Gencos Threaten Shutdown Over N600bn Charge
Blackout is looming across the country as the electricity generation companies (Gencos) yesterday threatened to shut down power supply should the federal government refuse to disburse the N600billion intervention fund.
This is coming as the African Development...
