Tag: GenCos
Minister threatens to revoke DisCos, GenCos’ licence over poor performance
The Minister of Power, Adebayo Adelabu, has threatened to revoke the licences of Distribution Companies (DisCos) and Generation Companies (GenCos) over their poor performance...
Minister tasks DisCos, GenCos on improved electricity
The Minister of Power, Mr Adebayo Adelabu, has urged the Generating companies (GENCOs) and the Distribution companies (DISCOs) to improve on their performance in...
GenCos lament liquidity challenge, owe gas suppliers N1trn
Power generation companies (GenCos) have revealed that they are currently owing gas suppliers about N1 trillion.
Besides that, the GenCos are also servicing loans used...
NERC: Nigerians’ll enjoy improved power supply from July 1
Nigerians will witness improved power supply from July 1 following renewed efforts by industry stakeholders.
Chairman, Nigerian Electricity Regulatory Commission (NERC), Mr. Sanusi Garba, gave...
NERC denies fresh electricity tariff increment
The chairman of the Nigerian Electricity Regulatory Commission (NERC), Mr. Sanusi Garba, says the commission has not approved any new tariff rate review in...
CBN: We’ve disbursed N1.3trn to power sector in 5 years
The Central Bank of Nigeria (CBN) said has disbursed over N1.3 trillion to support the provision of power supply to Nigerians in the last...
