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...

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...