According to a recent report by the punch newspaper, Dr. Joy Ogaji, the executive secretary for the Association of Power Generating Companies alleged that Generating Companies (Gencos) have recorded a loss N1.66tn in seven years due to non-payment of deemed capacity. According […]
Day: 21 October 2021
Spotlight on the Nigerian Power Sector
Power is a major catalyst for productivity and growth in any economy. According to the 2021 tracking SDG7 report, as at 2019, Nigeria had the world’s largest energy access deficit, with 45% (90 million) of its population lacking access to […]
Gencos Lose N1.66tn Over Non-Payment for Unused Power
Power generation companies in Nigeria have said they suffered a loss of N1.66tn in seven years as a result of non-payment for deemed capacity. The Executive Secretary, Association of Power Generation Companies, the umbrella body for the Gencos, Dr Joy […]
