Nigerian power sector has lost N154 Billion this year: FG

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The Federal Government has said that between January 1 and May 5 this year, the power sector lost about N154bn as a result of the unavailability of gas, distribution and transmission infrastructure, as well as water reserve challenges, The Punch reports.

A document on Nigeria’s power sector performance put together by the Advisory Power Team at the Office of the Vice President and obtained in Abuja on Sunday, stated that on May 5, 2018, the sector lost N1.87bn.

Power generation companies in the country have on several occasions complained that gas producers are cutting down supplies to the thermal electricity generating plants as a result of the Gencos’ indebtedness to gas companies.

This, according to the power firms, has impacted negatively on the state of electricity generation across the country, as they call on the government to prevail on the industry to clear the hundreds of billions of naira debt being owed the generation companies, a development that made them drag the Federal Government to court recently.

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