FG Settles N333bn Power Debt To Eight GenCos, Begins N729bn Bond Drive
THE Federal Government has disclosed that it has paid N333 billion to eight participating electricity generation companies (GenCos), covering 17 power plants, under.
News
News
Presidency Clarifies ₦3.3trn Settlement Plan Approved For GenCos By Tinubu
THE Presidency on Thursday clarified controversy surrounding the approval of a ₦3.3 trillion plan by President Bola Tinubu, to settle verified legacy debts.
News
FG, GenCos Seal N4trn Power Debt Deal To Rescue Failing Electricity Sector
THE Federal Government has concluded discussions with power generation companies (GenCos) on the framework for implementing the Presidential Power Sector Debt Reduction Plan,.
News
Tinubu Meets With GenCos Chairmen, Pledges To Resolve ₦5trn Debt Claims
PRESIDENT Bola Tinubu on Friday appealed to power generation companies (GenCos) to give the Federal Government more time to complete the verification and.
News
Electrcity Crisis Looms As GenCos Threaten Shutdown, Say Patriotism Can’t Keep Lights On
NIGERIA’s power generation companies (GenCos) have raised the alarm over a worsening liquidity crisis, warning that the national power grid is at risk.
News
Gencos, Stakeholders Glee As Presidency Moves To Settle N2trn Power Debt
THE Presidency has begun internal approval processes to resolve the N2trn legacy debt owed to electricity generation companies before the end of the.
News
4trn Electricity Debt: Tinubu Moves To Avert Nationwide Blackout, Meets Gencos Tuesday
PRESIDENT Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies as part of an emergency effort to address the.
News
Blackout Looms As GenCos Threaten Shutdown Over N4trn Debt
BLACKOUT looms as the Association of Power Generation Companies (APGC) has warned of an imminent shutdown of operations in Nigeria, decrying the huge.
News
Adelabu Meets GENCOs, DISCOs, Challenges Power Sector Operators On Performance improvement
IN the quest to finding solutions to challenges in the Power Sector, Minister of Power, Chief Adebayo Adelabu on Wednesday met with the.