Unused Power: GenCos Lost N1.2trn In Five Years   About 24 power Generating Companies (GenCos) lost N1.19trn on electricity capacity not paid for in the Nigerian Electricity Market in the last five years. Records of loses on the stranded power generation capacity since 2015 shows that...

In 8 Months, Gencos Incur N362bn Debt   Power generation companies are owed a total of N361.67bn by the Nigerian Bulk Electricity Trading Plc for electricity generated, sold and fed into the national grid from January to August this year. The government-owned NBET buys electricity in bulk...

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...

Strike: Discos, Gencos Keep Mute As FG Officials Meet   Officials of the Federal Ministry of Power on Wednesday held a meeting to discuss the way forward on the 21-day strike notice issued by the National Union of Electricity Employees to the Federal Government and power...

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...