ADAD
Updating your news feed...
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
Loading banners
Loading banners...
.jpg)
Power Minister Saleh Mamman
Crisis looms in the power sector as the Generation Companies (Gencos) have threatened to shut down power generation if the federal government failed to call the Nigerian Bulk Electricity Trading Company (NBET) to order.
The Executive Secretary, Association of Power Generation Companies, Dr. Joy Ogaji, who handed down the threat on Sunday, said the GenCos are being owed over a trillion naira and it had become difficult to pay the gas suppliers
Ogaji decried the frustration the GenCos are facing from the management of the NBET, stating that the Bulk Electricity Trading Company has constituted itself to a regulator and no more a debtor to the GenCos
The Executive Secretary said that they have written relevant authorities on the demand by NBET that the GenCos would pay 0.75% administrative charges before they can access the N600 billion released to them by the Federal Government. (New Telegraph)
