GenCos

October 27, (THEWILL) — The Federal Government has constituted a committee to address the payment of outstanding debts owed to Power Generation Companies (GenCos) and to establish sustainable payment mechanisms to prevent future accumulation. The Permanent Secretary, Ministry of Power,...

October 15, (THEWILL) — The Federal Government has finalised implementation frameworks for a N4 trillion government-backed bond programme aimed at clearing verified arrears owed to power Generation Companies (GenCos) and gas suppliers. Special Adviser to the President on Energy,...

April 20, (THEWILL) – Last week, the Minister of Power, Adebayo Adelabu, disclosed that the Federal Government was owing electricity generation companies Gencos and distribution companies, DisCos, over N4 trillion. While speaking at the public presentation of the National Integrated...

August 20, (THEWILL) – The Federal Government has paid N205bn from the N1.3 trillion debt owed to Generation Companies (Gencos) to raise the level of liquidity in the power sector. Minister of Power, Adebayo Adelabu, disclosed this on Monday,...

June 16, (THEWILL) – The Nigerian Electricity Regulatory Commission (NERC) has set a deadline of July 1 for electricity generating companies (GenCos) to attain 5,000 megawatts of power generation. The Chairman, NERC, Sanusi Garba, who gave the directive stated that...