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18 November 2019

GENCOS threaten to shut down power generation supply.

Power Generation Companies, GENCOS, have threatened to shut down power generation supply if pressing issues in the sector were not addressed.

The GENCOS spoke through the Executive Secretary, Association of Power Generation Companies, APGC, Dr Joy Ogaji at a news conference in Abuja on Sunday.

Ogaji explained that the main reason for considering to take such action was due to the inability of Nigerian Bulk Electricity Trading Company, NBET, to honour agreement it had with GENCOS.

She said GENCOS were facing liquidity challenge due to NBET’s breach of the Power Purchase Agreement, PPA, terms of one hundred per cent payment for power generated and supplied.

She accused NBET’s management of constituting itself as the Alpha and Omega authority that has the capacity to make or mar generation businesses in the country.

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