Electricity generating companies in Nigeria released an average of 4,114 megawatts of power into the national grid on Monday, a daily energy report has said.
The post GENCOs release 4,114 MW of power appeared first on The Guardian Nigeria News – Nigeria and World News. …
GenCos
GenCos low remmittances inhibits NBET
The Nigerian Bulk Electricity Trading (NBET) Plc yesterday blamed its inability to meet its obligation to electricity generating companies (GenCos) on the low remmittances from the power firm which is between 25 and 30 per cent. Due to the shortfall, the GenCos too cannot meet their obligations to their gas suppliers. The NBET Managing Director, […] …
Inaccurate data, govt interference, inefficiency threaten power supply – GENCOs
THE Electricity Generation Companies, GENCOs, have identified inaccurate data, government interference, and inefficiency as major factors, currently affecting power supply in the country.
Continue reading Inaccurate data, govt interference, inefficiency threaten power supply – GENCOs at Vanguard News Nigeria. …
Why we end payment of shortfall to GENCOs – FG
Shell, Total cut gas supply to GenCos over debts
Four gas generating companies (GenCos) have shut down production as a result of their failure to pay gas debts owed Shell Petroleum Development Company (SPDC) and Total, as well as their inability to access fresh loans for gas, The Nation learnt yesterday. Consequent upon the liquidity issue that has now exposed the GenCos to over […] …
Blackout looms as GenCos threaten to shut power plants nationwide
Electricity generation companies have threatened to shut down power plants across the county if the federal government fails to intervene in the challenges troubling them. In a statement on Monday,
The post Blackout looms as GenCos threaten to shut power plants nationwide appeared first on TheCable. …
GENCOs doubt electricity improvement in 2019
THERE is palpable fear by electricity generation companies, GENCOs, that output may not improve in 2019. They had expected to see a working template from government for improved activities but which has not been made available.
Continue reading GENCOs doubt electricity improvement in 2019 at Vanguard News Nigeria. …
Fashola: It’s not govt’s problem if you don’t have power
Why most SMEs cannot access funds – Ubiji, NASME boss
NASME is made up of micro, small and medium enterprises and also some governmental agencies as members. Ayo Alonge Eke Ubiji is the Executive Secretary of National Association of Small and Medium Enterprises (NASME) as well as the Chief Operating Officer of NASME Quality Assurance Limited, a subsidiary of NASME. In this interview, Ubiji x-rays […]
The post Why most SMEs cannot access funds – Ubiji, NASME boss appeared first on The Sun Nigeria. …
‘FG paid N1trn to DISCOS, GENCOS without evidence of electricity’
FORMER President of Trade Union Congress, TUC, Mr. Peter Esele, has disclosed that the Federal Government paid over N1 trillion to Electricity Generation Companies, GENCOs and Electricity Distribution Companies, DISCOs, since the commencement of the privatisation of the power sector with nothing to show for it.
Continue reading ‘FG paid N1trn to DISCOS, GENCOS without evidence of electricity’ at Vanguard News Nigeria. …