Tag Archives: NBET

The much famed N701.9 billion Payment Assurance Fund (PAF) meant to provide more liquidity for Generation Companies (GenCos) to pay for gas and increase electricity supply, has not been released five months after it was announced, Daily Trust reports. The Minister of Power, Works and Housing, Mr Babatunde Fashola, while berating the 11 Distribution Companies (DisCos) for their poor payment …

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Acting President Yemi Osinbajo on Tuesday said the Federal Government would soon release a second batch of the N701bn intervention fund to the Nigeria Bulk Electricity Trading Plc. He said the fresh lifeline was meant to boost the power sector value chain. Osinbajo disclosed this at the inaugural Nigeria Renewable Energy Roundtable organised by the Ministry of Science and Technology …

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