Discos’ debt to transmission company hits N231bn

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The indebtedness of power distribution companies to the Transmission Company of Nigeria has risen to N231bn as of March 2019. Nigeria has 11 Discos.

The electricity generated by power generation companies is transmitted by the TCN to power distributors, who then distribute the product to final consumers.

“It is important we reset those distribution companies on the path of sustainability so that we don’t continue to put money in a company that doesn’t deliver as expected,” he stated. On ways to reset the fortunes of the Discos, the TCN boss stated that there had been a push for the recapitalisation of the Discos, adding that this was also one of the ways to correct the mistake that was made when the sector was privatised.

 

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After exploit money through their estimated billing from people, they re owing debt from TCN

uzemerald

Make prepaid Meters available and affordable (N15k) and things will change for better.

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