The federal government announced that it had offset N205 billion of the N1.3 trillion debt owed…
Search Results for: gencos
As of 2024, GenCos Are Owed over 3 Trillion Naira
The Association of Power Generating Companies (AGPC) has said that generation companies were owed over N3…
Nigeria’s 2024 Electricity Act Amendment Allocates 5% of GenCos OPEX for Host Communities
President Bola Ahmed Tinubu has signed the 2024 Electricity Act (Amendment) Bill into law. The law…
FG Permits DisCos to Purchase Electricity Directly from GenCos
The Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has permitted Electricity Distribution Companies (DisCos)…
NERC To Hold DisCos and GenCos Accountable for Supply
The new policy is expected to improve the power supply. NERC to hold GenCos and DisCos…
Can GenCos Fulfil the New PPA Requirement?
Years have gone by since the privatisation of the Nigeria power sector, which had a core…
NERC Sets July 1st for GenCos to Attain 5GW Generation Capacity
Generation companies to produce 5000MW of capacity by July 1. The Nigeria Electricity Regulatory Commission (NERC)…
Nigeria: GenCos, NBET Renegotiate Contracted Capacity – NERC
GenCos begin contract renegotiation. Eligible customer regulation is still ongoing. The Nigeria Electricity Regulatory Commission (NERC)…
GenCos Requests Spinning Reserve to Balance Power Grid
APGC calls on NERC to reintroduce the spinning reserve. The last spinning reserve that was called…
GenCos Blame NBET for Low Power Generation
GenCos accuse poor electricity supply on debt owed by NBET. Joy Ogaji notes that NBET has…