Tag
GENCOS
News and analysis about GENCOS
President Bola Tinubu has given anticipatory approval for a N4 trillion bond initiative aimed at addressing the liquidity shortfall in Nigeria’s power sector.
President Bola Tinubu is set to hold a high-level meeting with the leadership of Nigeria’s power generation companies (GenCos) to address the over N4 trillion debt owed to them by the Federal Government.
The Federal Government has disclosed ongoing plans to settle over N4 trillion owed to Power Generation Companies (GenCos) for electricity generated and supplied to the national grid.
The Niger Delta Power Holding Company (NDPHC) has called for urgent presidential intervention to secure funding for ongoing power projects and settle outstanding payments owed to Generation Companies (GenCos), as part of efforts to improve electricity supply across Nigeria.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has refuted claims that it issued a directive instructing wholesale gas suppliers to halt gas supply to power-generating companies (GENCOs) over payment defaults.
The federal government has announced that it has settled N205 billion out of the N1.3 trillion owed to Generation Companies (Gencos) in a bid to improve liquidity in the power sector.
The Nigerian Electricity Regulatory Commission's (NERC) recent directive for Distribution Companies (DisCos) to transition away from the single-buyer model contract with energy generation companies (GenCos) has sparked significant controversies in the power sector.
The Nigeria Electricity Regulatory Commission (NERC) has asked the Nigeria Bulk Electricity Trading (NBET) company to forthwith desist from entering new contracts for the purchase and sale of electricity in the Nigerian Electricity Supply Industry (NESI).
The Federal Government has categorized all electricity companies including the generation and distribution companies (GenCos and DisCos) as part of those exempted from payment of withholding tax in the country.
West Power and Gas Ltd, the core investor in Eko Distribution Company, is exploring a potential equity sale of its stake in the power distribution company.
The Power Generation Companies (GenCos) have urged the Federal Government to settle outstanding electricity debts to ensure their continued operation.
Tony Elumelu, Chairman of the Board of Directors at Transcorp Group, has called on the Federal Government to establish special courts dedicated to prosecuting energy thieves in Nigeria.