Debt: NBET Owes Electricity Producers N364bn In 10 Months
Electricity generation companies are owed N364.11bn by the Nigerian Bulk Electricity Trading Plc for electricity generated, sold and fed into the national grid from January to October last year, latest data from the bulk trader showed...
NBET Owes Egbin Power Station N100bn Debt
The nation’s biggest power station, Egbin Power Plc, has said it is being owed over N100bn by the Nigerian Bulk Electricity Trading Plc for electricity generated and fed into the national grid.
The government-owned NBET buys electricity in bulk...
Discos Owe NBET N108bn In Three Months
Despite an increase in their collection efficiency, the remittance by electricity distribution companies to the Nigerian Bulk Electricity Trading Plc (NBET) for the energy received by them dropped to 27.5 per cent in the third quarter of 2018...
Power Distributors Owe NBET N159bn In 5months
Power distribution companies in the country failed to remit a total of N159bn to the Nigerian Bulk Electricity Trading Plc for the invoices given to them for electricity sold to them in the first five months of the...
How FG’s N700bn Raised Power Generation In 18 Months – NBET
The introduction of the N701.9 billion Payment Assurance Facility (PAF) to raise Generation Companies’ (GenCos) monthly revenue by 80 per cent has raised generation capacity to 7,009 megawatts (MW) in the past 18 months,...
NERC Issues 14 Permits to Generate 2,809.1MW
The Nigerian Electricity Regulatory Commission (NERC) has issued 14 fresh power generation licences to operators to build and generate about 2,809.1 megawatts (MW) of electricity, says a report from the commission and made available to newsmen.
According to the...
