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ELECTRICITY GENERATION COMPANIES (GENCOS)
TCN says the Minister of Power, Adebayo Adelabu, held meetings with Generating Companies (GenCos) and Gas Companies (GasCos) to secure a higher volume of gas supply and consistency for enhanced power generation.
Engineer Sale Mamman has disclosed that Nigeria's installed grid power generation capacity has grown from 8,000mw to 13,000mw.
Some GenCos, DisCos were sold to incompetent people.
Government should not be given free money. N1.8 trillion has been given to DISCOs maybe in their books.
The Nigerian power sector as at Friday, October 5, 2019, recorded an estimated N2.2 billion loss, as disclosed in a daily energy report