Power generation companies have blamed low power generation for the inability of the utility firms, also known as the DisCos, to pay up the N2trn debt owed them.
This was revealed by the Executive Secretary, Association of Power Generation Companies, Dr Joy Ogaji, at the Association of Energy Correspondents of Nigeria annual conference held in Lagos
While speaking during the ‘Power Sector Dilemma: Issues, Challenges, Opportunities And Strategic Key Solutions’, she argued that the GenCos were not owed N500bn as being reported but N2trn.
She further explained that the GenCos had not been able to make power available due to the huge debts being owed them by the Nigerian Bulk Electricity Trading Plc.
