Gencos Lose N1.66trn Over Non-payment For Unused Power   Power generation companies in Nigeria have said they suffered a loss of N1.66trn in seven years as a result of non-payment for deemed capacity. The Executive Secretary, Association of Power Generation Companies, the umbrella body for the Gencos,...

Gencos Got N81.14bn Payment Assurance In 2020 – NERC       Power generation companies received N81.14bn as payment assurance from the Nigeria Electricity Bulk Trading Plc in 2020, the Nigerian Electricity Regulatory Commission has said. NERC disclosed this in its latest Key Operational and Financial Data of the...

Tariff Implementation: Nigeria’s Power Sector Faces Bleak Future — GENCOs       Power Generating Companies, GENCOs, has said that the constraints bewildering Nigeria’s power sector are so vast that they may end up forcing it to comatose. The GENCOs reaction is coming against the backdrop of the recent...

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...