N1trn Debt Payment, Gas Supply, Others Top Gencos’ Agenda for Incoming Govt

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The next president should give special attention to a number of challenges that Power Generating Companies (Gencos) have outlined that impact operators and investors in the Nigerian Electricity Supply Industry (NESI).

Dr. Joy Ogaji, executive secretary of the Association of Power Generation Companies (APGC), said that the incoming administration should pay off the N1 trillion in debt that the Gencos have been due for many years.

The future administration should also find a solution to the gas supply issue that has been impeding power production, make foreign cash available to them, and guarantee that Gencos have an effective risk protection mechanism in place to guard against contract violation, according to Ogaji.

She also encouraged the new administration to create a policy statement to address the unequal distribution of technical and commercial opportunities.

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