FG silent on Gencos key reasons that can cause nationwide blackout
Apart from the rejection of fresh government’s plan to handover the management of N72 billion financial investments it intends to inject into the distribution network nationwide to the Transmission Company of Nigeria (TCN) for management, power Generation Companies (Gencos), have…
Gencos ‘smell rat,’ drag FG to court on allegation of discriminatory practices
Fresh substantive suit, FHC/ABJ/CS/180/2018, between Power generation companies (Gencos) in the country and the federal government is now before Justice Binta Nyako of an Abuja Federal High Court. The case filed by the companies is seeking reversal of what they…
Why Gencos’ revenue dropped to N32bn in May
More facts have emerged on why several power generation companies (Gencos) recorded about N31.7 billion revenue shortfall in the month of May. Findings by Business Hilights indicated that the shortfall stemmed from the failure of Discos to pay commensurate invoices…
