Featured Gas Oil

Marketers seek law to stop FG fixing fuel price

Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid to the power sector by the Federal Government in the past three days.

Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, had announced on Wednesday that the Federal Government paid over N200bn for power supply in Nigeria.

When contacted on Thursday on the matter, the Executive Secretary, Association of Power Generation Companies, the umbrella body for Gencos, Joy Ogaji, told our correspondent that she was not aware of any N200bn payment.

She said, “For the records, Gencos have not received fresh funds from anyone. What Gencos have received is payment for energy produced and consumed for 2019.

“Gencos have not received any funds of any nomenclature – palliative, stimulus or coronavirus funds. We are currently being paid the money owed for 2019. We take exceptions to our name being used to score political points.”

Ogaji argued that operators of power generation companies were private businessmen with patriotic zeal.

According to her, it was imperative to state that while political points were scored, Nigerians were misled and incensed against the operators, adding that Gencos had made adequate power available for all Nigerians.

“Below are figures of our performance from February till date to buttress our assertion of making power available. Nigerians should ask why this power is not getting to them,” Ogaji said.

She noted that in February, available generation capacity was 9,440 megawatts, average generation was 4,629MW, while stranded generation was 4,811MW.

In March, the Gencos put available generation capacity at 8,318.07MW; average generation, 3,912.47MW, stranded generation, 4,405.61MW.

Also from April 1 to 14, available generation capacity was 8,269.31MW; average generation, 3,951.23MW and stranded generation, 4,961.96MW.

Power distribution companies also stated that the N200bn was not paid to them and was not for the proposed free electricity.

Related posts

Nigerian Govt received $4.32bn from us in 2017, says Shell

thebusine

Saudi Arabia canvasses support of Gulf oil producers ahead of OPEC meeting

Editor

APC parallel congresses: Amosun, Aregbesola, Lai may lose out, party to back governors

Our Reporter

GOtv Boxing Night Mini Debuts in Lagos

By Kunle SHONUGA

Buhari sends electoral bill to INEC, attorney-general for legal opinion

Our Reporter

Elections : 40 EU observers arrive Nigeria

Editor