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...
NERC Encouraging Discos To Take Little Power, Gencos Says
Electricity generation companies in the country have said distribution companies are taking less power than what they (Gencos) are willing to sell because of an “obnoxious new capacity definition” introduced by the Nigerian Electricity Regulatory Commission.
The...
Ogaji: Gencos Now Rely On Alternate Revenue Sources To Run Plants
Electricity generation companies (Gencos) in Nigeria’s power market now rely on other sources of revenue to keep their operations running as well as to ensure that power is supplied to the national grid, the...
