National Wire About Nigerians, Nigerian Business and Other Stories
Power generation companies in the country on Wednesday said gas producers were cutting down supplies to thermal electricity generating plants as a result of the N200 billion indebtedness to them by the Gencos.
According to the power firms, this has impacted negatively on the state of electricity generation across those the country, as they called on the government to help prevail on the industry to clear the N600bn debt being owed the generation companies.
They also announced their support for the recent declaration of eligible customers in the sector by the Minister of Power, Works and Housing, Babatunde Fashola, which is in contrast to the position of the power distribution firms.
The Executive Secretary, Association of Power Generation Companies, Dr. Joy Ogaji, told journalists in Abuja that the inability of the firms to adequately pay gas suppliers was the major reason why many thermal power plants were starved of gas supply despite the improvements in gas production.
