NBET Owes Power Producers Over N1trn - Gencos   Power producers in the country have said they are owed at least N1tn by the Nigerian Bulk Electricity Trading Plc. They said the debt was threatening their viability and undermining their ability to invest more. The government-owned NBET buys...

Benin, Discos, Others Owe NBET N136.15bn   Nigeria’s 11 power distribution companies, Ajaokuta Steel Company Limited and the power firms of the Republics of Benin and Niger failed to pay a combined total of N136.15bn to the Nigerian Bulk Electricity Trading company in the second quarter...

In 8 Months, Gencos Incur N362bn Debt   Power generation companies are owed a total of N361.67bn by the Nigerian Bulk Electricity Trading Plc for electricity generated, sold and fed into the national grid from January to August this year. The government-owned NBET buys electricity in bulk...

DisCos Owe NBET N322bn In 8 Months   Power distribution companies failed to pay a total of N322.14bn to the Nigerian Bulk Electricity Trading Plc for the electricity sold to them from January to August this year. The government-owned NBET buys electricity in bulk from generation companies...

New Gas Charge : Blackout Looms As 24 GenCos Threaten Poll-out   Power cut is imminent across the country as 24 thermal power Generation Companies (GenCos) are mulling a force majeure action to quit business over a 0.75 percent ‘unregulated’ administrative charge for gas supply transactions...

Gencos May Stop Operations Over Administrative Charge   Power generation companies are considering declaring a force majeure by halting the production of electricity nationwide. According to them, the force majeure may take effect soon following the recent introduction of an unregulated administrative charge placed on Gencos by...