The Nigerian Bulk Electricity Trading Plc (NBET) has said that electricity generation companies (Gencos) in Nigeria’s power sector are still being owed about $92,315,986.20 by their international customers for electricity supplied to them overtime, ThisDay reports.
The NBET said at the last monthly meeting between the sector operators and the Minister of Power, Works and Housing, Mr. Babatunde Fashola, in Jos, Plateau State that NIGELEC of Niger Republic and CEB of Republic of Benin were the two international customers indebted to the Gencos. It explained that despite their recent payment of $159,773,116.61 to the Gencos, they still have an outstanding debt of $92,315,986.20 to clear.
As part of existing bilateral relations between her neighbouring countries of Togo, Benin Republic and Niger Republic, Nigeria reportedly supplies up to 300 megawatts (MW) of electricity to the Community Electric du Benin (CEB) countries of Togo and Benin, and Niger Republic. While the CEB countries have 200MW of power from the supply loop, the balance of 100MW is thus reserved for Niger Republic.