President Tinubu backs N4 trillion bond to resolve power sector liabilities
President Bola Tinubu has given anticipatory approval for a N4 trillion bond initiative aimed at addressing the liquidity shortfall in ...
Tag: GENCOS
News and analysis about GENCOS
President Tinubu to meet GenCos over N4 trillion debt to avert power sector collapse
President Bola Tinubu is set to hold a high-level meeting with the leadership of Nigeria’s power generation companies (GenCos) to ...
FG to offset N4 trillion debt owed GenCos – Power Ministry
The Federal Government has disclosed ongoing plans to settle over N4 trillion owed to Power Generation Companies (GenCos) for electricity ...
NDPHC seeks presidential intervention to secure funding for power projects, settle N4 trillion GenCos debt
The Niger Delta Power Holding Company (NDPHC) has called for urgent presidential intervention to secure funding for ongoing power projects ...
NMDPRA denies claims of directing wholesale gas suppliers to halt gas supply to GENCOs
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has refuted claims that it issued a directive instructing wholesale gas ...
FG pays N205 billion from N1.3 trillion debt to GensCos – Adelabu
The federal government has announced that it has settled N205 billion out of the N1.3 trillion owed to Generation Companies ...
Concerns mount as NERC presses DisCos to buy power directly from Gencos
The Nigerian Electricity Regulatory Commission's (NERC) recent directive for Distribution Companies (DisCos) to transition away from the single-buyer model contract ...
Nigeria Electricity Regulatory Commission asks NBET to cease trading electricity
The Nigeria Electricity Regulatory Commission (NERC) has asked the Nigeria Bulk Electricity Trading (NBET) company to forthwith desist from entering ...
FG exempts GenCos, DisCos, others from payment of withholding tax nationwide
The Federal Government has categorized all electricity companies including the generation and distribution companies (GenCos and DisCos) as part of ...
West Power and Gas, looking to sell stake in Eko DisCo for $350 million
West Power and Gas Ltd, the core investor in Eko Distribution Company, is exploring a potential equity sale of its ...
