Gencos Write Presidency, NERC Over Admin Charge   Power generation companies on Monday petitioned the Nigerian Electricity Regulatory Commission, the Presidency and other relevant agencies of government over a recent administrative charge imposed on Gencos. In a letter dated September 30, 2019, addressed to the chairman of...

New Gas Charge : Blackout Looms As 24 GenCos Threaten Poll-out   Power cut is imminent across the country as 24 thermal power Generation Companies (GenCos) are mulling a force majeure action to quit business over a 0.75 percent ‘unregulated’ administrative charge for gas supply transactions...

Gencos May Stop Operations Over Administrative Charge   Power generation companies are considering declaring a force majeure by halting the production of electricity nationwide. According to them, the force majeure may take effect soon following the recent introduction of an unregulated administrative charge placed on Gencos by...

Gencos: Power Crisis'll Limit AfCFTA Benefits To Nigeria Nigeria may not benefit much from the recently signed African Continental Free Trade Area agreement until the country’s power problems are adequately addressed, power generation companies said on Wednesday. On Sunday, President Muhammadu joined other heads of government...

FG Mulls Fresh N600bn Palliatives For Gencos The Nigerian Bulk Electricity Trading Plc (NBET) has recommended additional N600 billion under the ‘Payment Assurance Guarantee (PAG)’ for the power generation companies (Gencos), THISDAY has learnt. PAG was first set up in 2017 by the NBET to, among...

We'll Shut Down Power Plants, Gencos Threatens Electricity generation companies in the country have said they will be forced to shut down their power plants if the challenges facing them are not addressed. The Association of Power Generation Companies, the umbrella body for the Gencos, said...