Tag: GENCOs
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Tinubu to meet GenCos leadership over 4trn debt
The Minister of Power, Mr Adebayo Adelabu on Sunday said that a meeting has been scheduled between President Bola Tinubu and the leadership of the Power Generation Companies(GenCos) over a N4-trillion debt.
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Why there’s poor power supply in our franchise area – IBEDC
Ibadan Electricity Distribution Company (IBEDC) attributed the current state of the power supply within its franchise area to several factors, including low supply of gas to generating companies (GenCos).
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Why generation of electricity is difficult in Nigeria – GenCos
Dr Joy Ogaji, Executive Secretary, Association of Power Generation Companies (APGC) has opened up on why the generation of electricity is difficult in Nigeria.
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NERC Chairman reveals FG’s plan to stop payment for unused electricity
Oseni blamed the development on a conductor snap on a 330 Kilovolts (kV) transmission line
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GenCos speak on power supply as COVID-19 keeps Nigerians indoors
The Power Generation Companies of Nigeria (GenCos) have pledged to sustain provision of adequate power in the country during the COVID-19 pandemic. Mrs Joy Ogaji, Executive Secretary, Association of Power Generation Companies (APGC) made this known in a statement in Abuja on Wednesday. Ogaji said that GenCos were working together to ensure the sustainability of…
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GenCos Lose N1.9bn in One Day to Gas Shortage, Others
Electricity Generation Companies (GenCos), which make use of both gas-fired and hydro-stations, have lamented that couldn’t generate an expected 3,347.5 megawatts of electricity on Wednesday due to unavailability of gas. This led to the estimated N1.9 billion lost by the power sector players on Wednesday due to insufficient gas supply, inadequate distribution and transmission infrastructure.…
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GenCos releases 3,531 MWH of electricity to national grid
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3.531 Megawatts-hour of electricity into the national grid on Wednesday. This is contained in a daily energy report by the Advisory Power Team, Office of the Vice President, and made available to News Agency of Nigeria (NAN) in Abuja on…
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GenCos release 3,919MW of electricity on June 3 – Report
Electricity Generating Companies (GenCos) comprising gas-fired and hydro stations released an average of 3, 919 MegaWatts (MW) of power into the national grid on Monday, a daily energy report has said. It said that the energy released by the companies was up by 139.64MW from the figure delivered on Sunday, NAN reports. It said 1,808MW…
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FG denies plans to stop payment of shortfalls to GenCos
The Ministry of Power, Works and Housing on Wednesday denied that the Federal Government has stopped the payment of shortfalls to Electricity Generation Companies (GenCos), describing the report as both false and unfounded. The report, contained in the Wednesday edition of Punch Online media, held that the Federal Government on Tuesday ordered power generation companies…
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Shell, Total shut down four GenCos over mounting gas debts
Four gas generating companies have shut down production as a result of their failure to pay debts owed two producing companies: Shell Petroleum Development Company and Total and inability to access fresh loans for gas. Consequent upon the liquidity issue that has exposed the GenCos to over N1trillion shortfall some of the electricity Generating Companies…