Tag: GenCos debt

Electricity Act Fallout: Gencos, Discos Protest States’ Tariff

Business Damilola Bayonle -
The controversy surrounding electricity pricing deepened on Monday as power generation and distribution companies (Gencos and Discos) clashed with...

FG’s Power Subsidy Hits N536bn in Q1 Despite Debt Pile

Business Damilola Bayonle -
Despite mounting financial pressures and an outstanding ₦4.7tn debt to power generation companies (GenCos), the Federal Government of Nigeria...