Electricity: In 10 Months, Nigeria Loses N243bn       Nigeria recorded losses in power generation volume valued N243 billion between January and October this year. This is contained in the October 2020 electricity generation statistics released by the Association of Power Generation Companies (APGC), the umbrella body...

TCN, Discos Hindering 4,000MW Generation Daily - Gencos       The quantum of electricity generated in Nigeria is rejected or forced to be reduced by an average of 4,210 megawatts daily due to transmission and distribution constraints, power generation companies said on Monday. In a document obtained in...

In 2019, Gencos Generated 33,448,633MWh - NBS       A total of 33,448,633 megawatts-hour of energy was generated by power generation stations across the country in 2019, the National Bureau of Statistics said on Tuesday. This came as power distributors again said on Tuesday that the Nigerian Electricity...

GenCos Sell N294.16bn Electricity In Five Months       Electricity generation companies in the country sold electricity worth N294.16bn in the first five months of this year to the Nigeria Bulk Electricity Trading Plc. The government-owned NBET buys electricity in bulk from Gencos through Power Purchase Agreements and...

Collapsed Infrastructure: Electricity Sector Losses N365bn In 6 Months     Insufficient gas supply, distribution and transmission infrastructure have continued to plague the power sector, forcing it to record losses amounting to N365 billion in the first half of 2020, H1’20. The losses, which also occurred mainly because...

Power Crisis Deepens As NBET Fails To Pay Gencos N181.39bn     The liquidity crisis in the nation’s power sector has taken a turn for the worse as payment to generation companies for the electricity produced and fed into the national grid has slumped to 14.55 per...