How GenCos suffered 50% revenue shortfall in January 2022 The payment by electricity distribution companies to generation companies for power generation in January has crashed by N35 billion, a dip of 50 per cent. The industry statistics showed that DisCos were unable to pay GenCos full payment for the quantity of power generated in January 2022. As a result, the generation companies recorded a 50 per cent revenue shortfall. A breakdown of the data showed, according to a report by PUNCH, that although the 26 generating plants submitted an invoice…
Read MoreDisCos’ Remittances to GenCos Crash by N35bn In One Month
