"Power Struggle: NLC and GenCos at Odds Over Debt While Nigerians Endure Blackouts"
The Nigeria Labour Congress and the Association of Power Generation Companies have engaged in a showdown over federal government legacy debt. NLC president Joe...
Gencos
"GenCos Sound Alarm: N501bn Bond Falls Short of N6.6trn Power Debt, Risk of Blackouts Looms"
The Chief Executive Officer of the Association of Power Generation Companies, GENCOs, Dr Joy Ogaji, has said the Federal Government’s N501 billion power sector...
Government Greenlights N4 Trillion Bond to Settle GenCos' Debts
The Federal Government has announced that it has finalised a comprehensive plan to deploy N4 trillion in government-backed bonds to settle verified arrears owed...
National Grid: Nigerian govt threatens to disconnect GenCos, gives reason
The Nigerian government has threatened to disconnect generation companies connected to the national grid in the country over their refusal to implement free gov...
Tinubu seeks more time on payment, verification of N4trn debt owed GenCos
President Bola Tinubu has appealed to power generation companies (GenCos) to give the federal government more time to complete the verification and validation o...
Nigerian govt to pay N2tn of N4tn debt owed to GenCos — Adelabu
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...