The 25 electricity generation companies that produce and supply electricity in Nigeria have had their monthly payments for power supplied to the country’s national grid cut down to an average of 29.4 per cent from about 80 per cent that was recorded in 2018.
Also, on the list which THISDAY obtained from the Nigerian Bulk Electricity Trading Plc , which covered the period July to November 2019, also were Olorunsogo Genco, Afam IV-V, Geregu Genco, Sapele genco, Ughelli Transcorp, Egbin Power, Shiroro hydro power, Jebba and Kainji hydro power stations. It explained that in July 2019, the Gencos submitted invoices worth N54.648 billion, but were paid 19.50 per cent of the amount, which was N11.048 billion; in August they submitted N53.896 billion worth of invoice and got N14.935 billion or 27.71 per cent of their invoices, and in September it was N53.314 billion worth of invoice submitted and N14.764 billion paid to them.