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...

Power Crisis: Reps, BPE Differ On Discos, Gencos’ Performance   The House of Representatives and the Bureau of Public Enterprises have differed on the performance of generation and distribution companies after the privatisation of the power sector by the Federal Government. While the BPE said the privatisation...

GenCos Add 4,000MW Power Capacity, Decry N600bn Debt   Power Generation Companies (GenCos) in Nigeria have said they have raised power plants’ capacity by 4,000 megawatts (MW) seven years after the privatization and despite being owed over N600 billion debts. Speaking against the call for the traversal...

Gencos Oppose Reversing Privatisation, Allege N1trn Debt     Electricity generation companies on Sunday kicked against calls by the Senate for a reversal of the privatisation of the power sector. The Gencos also announced that the indebtedness of the power sector to electricity producers had risen to about...

GenCos Loses N122.79bn To Capacity Challenges In Five Months     Nothing less than N122.79 billion has been lost by Nigeria’s power generation companies (GenCos) between January to May this year. Pioneer Executive Secretary of the Association of Power Generation Companies, Dr. Joy Ogaji, said while available capacity...

Power Grid Collapses, TCN Reaches 90% Restoration     The Transmission Company of Nigeria (TCN) on Tuesday reported the collapse of the national power grid. The spokesperson for the company said the incident occurred at 11:13am, and that restoration of the grid had reached 90 percent at the...