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Darkness looms as Huge Debts threatens GENCOS



                             Darkness looms as Huge Debts threatens GENCOS
Electricity Generating Companies in Nigeria have raised alarm that their continued existence is being threatened by huge unpaid debts by various Stakeholders and that they are currently running their operations at a huge loss currently put at N242.7 billion.  But the Nigerian Bulk Electricity Trading Plc, NBET, weekend said it had paid N186.7 billion leaving a balance of N156 billion.  But the GENCOS are now said to have limited option: to either shut down operations proactively or be compelled to do so by the current State of affairs in the power sector.  At the moment only about 2,304 MW is being generated out of about 7,856.52 MW available capacity in the country.  So, what is our leaders doing?

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