Reps Raise Seven-Member Panel To Probe Gas Supply To Power Plants In Nigeria
The House of Representatives ad hoc committee investigating power sector reforms and expenditures between 2006 and 2024 has constituted a seven-member sub-committee...
Gencos
Nigeria’s Power Sector Revenue Hits ₦1.7 Trillion As Tinubu Approves ₦4trn Debt Clearance
President Bola Tinubu has approved a ₦4 trillion bond to clear verified debts owed to power generation companies (GenCos) and gas suppliers,...
NERC Threatens To Disconnect GenCos From National Grid
The Federal Government has warned electricity generation companies (GenCos) that they risk being disconnected from the national grid if they fail to...
Tinubu Meets With GenCos Chairmen, Seeks More Time To Validate ₦4 Trillion Debt
President Bola Ahmed Tinubu has appealed to electricity generation companies (GenCos) for patience as the Federal Government continues verification and validation of...
Tinubu Govt Moves To Clear Nigeria’s ₦2 Trillion Electricity Debt
President Bola Ahmed Tinubu’s government has reiterated its commitment to settle the country’s ₦2 trillion legacy debt owed to electricity generation companies...
Tinubu Begins Moves To Pay GenCos’ ₦4 Trillion Power Sector Debt
Minister of Power, Adebayo Adelabu, has revealed that President Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies (GenCos)...
The Presidency Is Aware That Our Gas Supply Has Been Cut Off – GenCos
Wholesale gas-producing companies have formally notified all power generation companies of the suspension of natural gas supply. This was disclosed by the...
Blackout: What Nigerians Should Know About Poor Electricity Supply Across States
It has become a matter of great concern that Nigerians nationwide have been experiencing distressingly frequent electricity power disruptions, resulting in immense...
Nigerians Likely To Experience More Black Outs As Power Generation Falls To 2,200MW
Nigerians are likely to experience more black out as power generation dropped on Tuesday at 14:00 hours from 3,553MW to 2,200MW. Naija...
DisCos’ Debt Hits ₦2tn – GenCos
The Association of Power Generation Companies has blamed the Distribution Companies for the low power generation in the country. Speaking at an...
GenCos, DisCos Owe Banks ₦836bn – CBN Report
The Central Bank of Nigeria (CBN) has said Power Generation and Distribution Companies (DisCos) owe Nigerian banks ₦836.09bn since it was privatised...
Electricity: DisCos Payment To GenCos Drop By 50% – Report
Electricity Distribution Companies’ payment to Generation Companies for electricity generation has dropped by 50 percent, Naija News understands. Data from the Nigerian...
Nigerian Power Sector Revenue Shortfall Rises To ₦1.6tn In 2021
The Association of Nigerian Electricity Distributors (ANED) say the total shortfall in the Nigerian power sector has reached ₦1.6trn in eight years....
Blackout Looms As TCN Fails To Allocate 1,357mw To Nine DisCos
The Nigerian Electricity System Operator has disclosed that over 1000 megawatts of electricity are currently not allocated to Power Distribution Companies (DisCos)....
GENCOs Suffer Revenue Losses Over 42.6% Drop In Power Usage
Non-payment of bills due to unused electricity has caused Electricity Generation Companies, GENCOs, a huge revenue loss between January and November 2021....
GENCOS: Nigeria Government Falls Into Local Gas Company’s Debt Trap
The continuous payment of gas supply for the generation of power by the Niger Delta Power Holding Company (NDPHC) has placed a...
Coronavirus: We Have Not Received Money For Free Electricity From FG – Gencos, Discos
Electricity generating and distribution companies (Gencos and Discos), have denied receiving money from the federal government to provide free electricity to Nigerians...
