Privatisation Has Exposed Power Sector Weakness, Says Gencos     Electricity generation companies in the country have said the privatisation of the power sector has exposed the inherent structural weakness in the sector. The Gencos said they had continued to perform in line with industry agreements despite the...

Gas Shortage Stalls 23,081MW, Despite Gencos N200bn Fund   The dearth of gas stalled the generation of 23,081.5 megawatts of electricity in eight days despite the N200bn that was paid by the Federal Government recently to the power sector, particularly for settling gas debts. Investigations showed that...

Discos, Gencos Deny Knowledge Of FG’s N200bn Payment   Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid to the power sector by the Federal Government in the past three days. Group Managing Director, Nigerian National Petroleum Corporation, Mele...

FG Offsets Gencos’ Gas Bill With N200bn     The Federal Government has in the past two to three days paid over N200bn for power supply in Nigeria, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, declared on Wednesday. Also, the Association of Nigerian Electricity Distributors,...

Gas shortage: Blackout Looms Nationwide As GenCos Cut Generation     As millions of Nigerians continue with the forced restriction of their movements in the face of the raging COVID-19 pandemic and are expected to stay at home monitoring latest news on the pandemic and other critical...

BPE Opposes Gencos, Discos’ Sale Reversal, Proposes Subsidy   The Bureau of Public Enterprises has opposed the reversal of the privatisation of the country’s power sector despite calls on government from different quarters to repossess the power generation and distribution companies. The bureau is also targeting the...