Tinubu approves N3.3tn plan to clear power sector debts
The government argued that the move will stabilise electricity supply and restore investor confidence.
ADVERTISEMENT
The government argued that the move will stabilise electricity supply and restore investor confidence.
In April, GenCos warned of imminent shutdown due to a N4 trillion debt owed by the Nigerian government for electricity ...
"We are not unaware of this debt arising from the federal government’s commitment on subsidy. "
![Power Lines [Photo: energymixreport.com]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2015/08/power_lines-construction-week-online.jpg?fit=800%2C550&ssl=1)
GENCOs lament the inability of the NBET to honour the agreement it had with them.
Average generation rose slightly to 4,162.47MW from 4,093.76MW.
An official says the allegations by the GenCos is false.
TCN denies having electricity transmission challenge.
The electricity companies clash over allegations of fraud.
