Disocs owe Transitional Electricity Market over N263bn in 4 years
More details have emerged on why the needed progressive investments in the nation’s electricity sector had reduced to snail speed in the last couple of years, thus fueling regular collapse of national grids and nationwide blackouts from time to time….
Darkness imminent as Gencos owe gas suppliers over N1tn since June–Ogaji
The Executive Secretary, Association of Power Generation Companies (APGC), Dr Mrs Joy Ogaji, has hinted of imminent collapse of electricity supplies nationwide if the quantum of owed the group by Distribution Companies (Discos) are not cleared as soon as possible….
Darkness looms in Nigeria as huge debt may distort gas supplies contract to Gencos
Following debt build up to the tune of over 92% payment shortfall to power generation companies (Gencos) by the Nigerian Bulk Electricity Trading (NBET) Plc, indications emerged on Tuesday that nationwide light out is underway. It was gathered that the…
Benin, Niger Rep risk darkness as NBET, TCN demand N35.4bn power bill arrears
Neighbouring countries of Benin and Niger Republic are currently at the mercy of the Nigerian Bulk Electricity Trading (NBET) Plc and the Transmission Company of Nigeria (TCN) and risk their steady power supply from Nigeria being cut off any time…
