Grid Collapse Wipes Out 1,866MW, Cost GenCos ₦66.26 Billion
Grid collapse plunged the country into darkness on Wednesday. Load rejection causes massive losses for generation companies over eight months. Power partially restored, but supply remains below national demand.…
FG Owes Power Generation Companies N4.7tn, Threatening Nationwide Blackout
FG owes power generation companies (Gencos) N4.7 trillion, posing a significant threat to the nation's power supply. The debt has led to liquidity challenges, making it difficult for Gencos to…
