US EditionNigeria: Blackout Looms As Gencos Threaten Shutdown of Power Plants Over N4 Trillion Electricity Debt
- Nigeria's GenCos warned of a potential shutdown due to a N4 trillion debt.
- The federal government owes GenCos this debt for supplied electricity.
- The debt comprises approximately N2 trillion from 2024 and N1.9 trillion in legacy amounts.
- Minister Adelabu addressed the debt, stating plans to clear almost N2 trillion.
- Unpaid debts and low collection rates threaten the power sector's stability and electricity supply.
28 Articles
28 Articles
Nigerian govt to pay N2tn of N4tn debt owed to GenCos
The Minister of Power, Adebayo Adelabu, has vowed to avert a shutdown of the electricity sector over N4 trillion debts owed to power generation companies. This comes as Adelabu claimed the federal government would clear N2 trillion of the N4 trillion debt before the year ends. The Minister disclosed this while responding to questions from journalists at the sixth Ministerial Press Briefing held in Abuja on Thursday. His commitments come after Ge…
In order to encourage customers to pay invoices, the electricity provider Voxenergie threatened with Schufa. On the other hand, the consumer center in Hamburg has sued - and got right.
Electricity: GenCos threaten shutdown over N4 trillion debt
GenCos said the debt, which includes N2 trillion for 2024 and N1.9 trillion in legacy debts, is threatening the continued operation of their power generation plants. The post Electricity: GenCos threaten shutdown over N4 trillion debt appeared first on Premium Times Nigeria.
You can’t discuss AMCON sunset with over N4trn outstanding debt – Lawmakers
The Chairman, House of Representatives Committee on Banking & Ancillary Institutions, Honourable Eze Nwachukwu Eze; on Thursday at the Royal Institute for Training & Human Capital Development (Zuma Rock Resort) in Niger State said the committee remains fully committed to partnering with the Asset Management Corporation of Nigeria (AMCON), the Central Bank of Nigeria (CBN), […]
Niger Republic Suffers Blackouts As Nigeria Slashes Power Supply Over Sanctions
Electricity supply from Nigeria to the Niger Republic has been reduced by 42 percent following the Federal Government’s decision to maintain energy restrictions in place since the July 2023 military coup in Niamey. Niger’s Minister of Energy Haoua Amadou confirmed that the supply cut has lowered Nigeria’s electricity export from 80 megawatts to 46 megawatts. […] The post Niger Republic Suffers Blackouts as Nigeria Slashes Power Supply Over Sanct…
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