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...
System Collapse: TCN To Remove Non-compliant Gencos From Grid
To avert system collapse, electricity generation companies that fail to comply with the stipulated frequency control that ensures stability of the power grid will be removed from the grid, the Transmission Company of Nigeria has declared.
According...
CBN’s Support To Power Sector Useless Without Reliable Data
Electricity generation companies (Gencos) operating in Nigeria’s electricity market have said that the market does not have a reliable data bank at the moment.
This, according to them would greatly impair the value of various fiscal support...
