GENCOs

NBET pays N42bn to GenCos for November 2021 power supply

NBET pays N42bn to GenCos for November 2021 power supply

By Obas Esiedesa – Abuja The Nigerian Bulk Electricity Trading Plc on Tuesday disclosed that it remitted N42 billion to power generation companies (GenCos) for electricity supplied to the national grid in November 2021. The bulk trader in a statement in Abuja explained that the payments were a combination of market receipts and supplementary payments […]
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GenCos release 3,406 MWH of electricity to national grid

GenCos release 3,406 MWH of electricity to national grid

Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,406 MegaWatts/Hour of electricity into the national grid on Friday. This was disclosed in a daily energy report by the Advisory Power Team, the office of the Vice President obtained by the News Agency of Nigeria (NAN), in Abuja on […]

Power: GENCOs disagree with NBET over N2.7bn gas payments invoices

Power: GENCOs disagree with NBET over N2.7bn gas payments invoices

Nationwide blackout is looming as the electricity Generation Companies, GENCOs, have threatened to declare force majure over moves by the Nigerian Bulk Electricity Trading, NBET, to unilaterally take over the responsibility for payment of gas and transportation from them.