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...

Gencos Record N304bn Payment Shortfall In Nine Months   A Chinese company, Chinese Civil Engineering Construction Corporation, has handled the majority of railway projects in Nigeria worth over $25.51bn (N10.5tn)s, according to the United States-based Fitch Solutions’ latest report on Nigeria railway system. The report, titled ‘Nigeria...

Discos Remit Only N265.03bn of N519.77bn Invoices To NBET In Six Months   Electricity Distribution Companies (Discos) only managed to remit N265.03 billion of the expected N519.77 billion to the Nigerian Bulk Electricity Trading Company (NBET) in the first six months of 2021. Data from the Nigerian...