GENCOs threaten shutdown over N1.213tr outstanding debts
Some 13 power generation companies (GENCOs), have warned that they may be forced to shut down operations if the Federal Government did not rescind the preferential treatment it is meting out to some operators at the expense of others. The government is alleged to have provided sovereign guarantees for World Bank Partial Risk Guarantee, for…
GENCOs charged DISCOs N30b in 2016, says NBS
Electricity generating companies (GENCOs) charged distribution firms (DISCOs) and offtakers N30.51 billion as cost of generation in the power supply chain in 2016.