Power generation companies (GenCos) on Monday warned that power plants across the country were facing imminent shutdowns due to a massive N4 trillion debt owed by the Federal Government. Nigeria has 40 power-generating plants connected to the national grid, which are managed by generation companies (GenCos), independent power providers, and the Niger Delta Holding Company. In a statement issued by the GenCos through the Board of Trustee chairman, Colonel Sani Bello (retd), under the auspices of the Association of Power Generation Companies (APGC), it was revealed that N2 trillion is…
Read More‘Govt Owing Us N4Trn,’ GenCos Warn of Imminent Shutdown
