After Privatisation, DisCos’ Capacity Increases By 19%   The capacity of the 11 electricity distribution companies, otherwise known as the DisCos, to absorb more power generated by generating companies, GenCos, grew by a mere 18 per cent since the sector was privatised nearly nine years ago. A...

DisCos’ Payment To GenCos Drops By 50%   Electricity distribution companies (DisCos) payment to generation companies (GenCos) for electricity generation has dropped by 50 per cent. The statistics showed that DisCos were unable to pay GenCos full payment for the quantity of power generated in January 2022. As...

Discos, Gencos, others’ Shortfall In Power Sector Rises To N1.6tn The Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, revealed that the total shortfall in the Nigerian power sector has reached N1.6trn in eight years and that findings have shown...

FG Hopes To Ramp Up Power Infrastructure With $4bn Funding   The Federal Government (FG) has expressed optimism that the various funding arrangements amounting to about $4 billion it has put in place to boost power transmission capacity and other power infrastructure in the country would...

Gencos Put NBET Debts At N1.64trn, Counters Purchase Agreements Power generation companies on Sunday said the Nigerian market was under threat based on the recent claims by the Nigerian Bulk Electricity Trading Company Plc that only five Gencos had active Power Purchase Agreements in Nigeria. Speaking...

NBET Pays N42bn To GenCos For November Power Supply   The Nigerian Bulk Electricity Trading Plc said yesterday it remitted N42 billion to power generation companies, GENCOs, for electricity supplied to the national grid in November, 2021. The bulk trader in a statement in Abuja, explained that...