Nigeria’s electricity generation sector teeters on the brink of collapse as power generation companies (GenCos) threaten…
Tag: GenCos
New Power Generation Peak: What Does it Mean to Average Nigerians and Businesses?
Paul Akpan owns a small dry cleaning company in the bustling city of Lagos, but his…
NERC Sees Boost in Power Generation for Q3 2024
The Nigerian Electricity Regulatory Commission (NERC) released its Q3 2024 performance report, showing a 16% increase…
NERC Initiative Boosts Grid Stability Amid Financial Challenges in Q3 2024
The Nigerian Electricity Regulatory Commission (NERC) reports that the power sector faces ongoing grid stability and…
Gas Supply to GenCos Halted Over N2 Trillion Debt Crisis
Nigeria is facing an imminent electricity blackout due to a directive from the Nigerian Midstream and…
Nigerian GenCos Receive Less Than 40% of 2024 Invoices
The Nigerian Electricity Regulatory Commission (NERC) has acknowledged that power generation companies (GenCos) in the country…
UNILAG Public Lecture Explores Renewable Energy Solutions for Nigeria’s Power Crisis
The University of Lagos (UNILAG) Faculty of Engineering Alumni Association recently held its sixth public lecture.…
Federal Government Settles N205bn of N1.3tn Debt to GenCos
The federal government announced that it had offset N205 billion of the N1.3 trillion debt owed…
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…
FG Threatens to Withdraw Licences of DisCos not Supplying Power
The Minister of Power, Adebayo Adelabu, yesterday, disclosed that the Federal Ministry of Power would withdraw…