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GenCos demand payment of N4tn debt, warn liquidity crisis threatens power supply

Power Generation Companies (GenCos) have appealed to the Federal Government and other stakeholders in the electricity value chain to urgently settle more than N4 trillion owed for power already generated and supplied to the national grid. The Chairman of the Board of Trustees of the Association of Power Generation Companies (APGC), Col. Sani Bello (rtd), […]

FG Moves to Tackle ₦4 Trillion Debt Owed Gencos

The Federal Government has commenced negotiations with power Generation Companies (Gencos) to outline a repayment plan for the ₦4 trillion debt owed to them. This was disclosed in a statement by Bolaji Tunji, Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Chief Adebayo Adelabu. Adelabu met with the Chairmen of […]

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