GenCos Warn N7tn Fresh Power Sector Debt Could Undermine Recovery Efforts
Nigeria's electricity generation companies have warned that fresh liabilities estimated at more than N7tn could accumulate and undermine efforts by...
Tag Archives: #NigeriaPowerSector
President Tinubu Approves N3.3 Trillion to Settle Power Sector Debts, N550 Billion Already Disbursed
As part of efforts to tackle persistent nationwide power outages, President Bola Ahmed Tinubu has approved N3.3 trillion to settle...
Presidency Moves to Resolve N2tn Debt Owed to GenCos by Next Quarter
The Presidency has commenced internal approval processes aimed at resolving the N2 trillion legacy debt owed to electricity generation companies...
National Grid Upgrade: FG to sue DisCos Over Unsafe Installations
The Nigerian Electricity Management Services Agency (NEMSA) has announced its intention to pursue legal action against electricity Distribution Companies (DisCos)...
NERC Mandates Discos to Procure 398MW of Embedded Generation to Boost Power Reliability
The Nigerian Electricity Regulatory Commission (NERC) has directed electricity Distribution Companies (Discos) to procure a minimum of 398MW of embedded...