Unused power: GenCos lost N1.2trn in 5 years

About 24 power Generating Companies (GenCos) lost N1.19 trillion on electricity capacity not paid for in the Nigerian Electricity Market in the last five years. Records of loses on the stranded power generation capacity since 2015 shows that about 50 per cent of their energy capacity is not used annually.

Read more: https://www.dailytrust.com.ng/unused-power-gencos-lost-n1-2trn-in-5-years.html