Tag: GENCOs

Nigeria’s power generation companies has urged the Federal Government to extend its proposed ₦3.6 trillion electricity subsidy plan beyond 2028.

FG Moves to Tackle ₦4tn Power Debt as Five Gencos Sign Settlement Deals The Federal Government has taken steps towards resolving Nigeria’s estimated N4tn power sector debt burden as five power generation companies signed settlement agreements under the Presidential Power Sector Debt Reduction Programme, following...

As Nigeria navigates major reforms across various sectors of its economy, the country has had to adapt to the current realities.

FG Commences ₦4tn Debt Repayment to GenCos via Bond Issuance The Federal Government has begun the process of repaying the N4tn debt owed to Power Generation Companies with the launch of a N590bn first-tranche bond issuance. The initial tranche, part of a wider N4tn NBET Finance...

The federal government has constituted a committee to address the payment of outstanding debts owed to power generation companies (GenCos) and to establish sustainable payment mechanisms to prevent future accumulation.

Power generation companies have said that discussions with the Federal Government on the N4tn power sector legacy debt are still ongoing.