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...
Egbin Power Decries N388bn NBET Debt, Idle Capacity
Egbin Power Plc, the biggest power station in Nigeria, has said it is owed N388bn by the Nigerian Bulk Electricity Trading Plc for electricity generated and fed into the national grid.
The company disclosed this on Tuesday during...
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...
Discos Failed To Pay N510.53bn In 2020, Says NERC
Power distribution companies in the country failed to pay a total of N510.53bn for the electricity sold to them in 2020 by Nigerian Bulk Electricity Trading Plc, the Nigerian Electricity Regulatory Commission has said.
The government-owned NBET...
Power Sector Deficit Hits N396.86bn In Nine Months
The liquidity situation in Nigeria’s power sector has worsened, as the indebtedness of the distribution companies, DisCos, to Nigerian Bulk Electricity Trading, NBET, Plc., has increased to N396.86 billion, indicating an increase of seven per cent, compared...
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...
