Blackout worsens in Nigeria as GenCos shutdown gas plants over debt

Blackout worsens in Nigeria as GenCos shutdown gas plants over debt

Power outage has worsened in Nigeria as power generation companies (GenCos) have shut down operations in the face of a growing debt burden amounting to about N6.8 trillion. According to a report by Bloomberg, 16 of Nigeria’s 33 power plants were not supplying electricity as of Tuesday, citing data from the Nigeria Independent System Operator, NISO. The affected plants are impacted by their inability to maintain equipment, secure gas supplies, an…

Blackout Worsens in Nigeria as GenCos Shut Down Gas Plants Over ₦3.3tn Debt Crisis

Nigeria’s electricity crisis has deepened as power generation companies (GenCos) shut down or scale back operations due to a worsening gas supply and debt crisis, raising fears of prolonged nationwide blackout.According to industry reports, gas suppliers are increasingly refusing to supply fuel to thermal power plants over an estimated ₦3.3 trillion debt owed within the power value chain. This has severely affected electricity generation, since …

Nigeria’s Power Plants Face Shutdown as Debt to GenCos Hits ₦6.8 Trillion — Akelicious

Nigeria’s Power Generation Companies (GenCos) face widespread operational shutdowns due to severe liquidity crisis, with over ₦6.8 trillion in reported debt from the federal government. With nearly half of the nation’s power plants idle due to cash shortages and unpaid invoices, around 7,000 MW of generation capacity remains stranded. The post Nigeria’s Power Plants Face Shutdown as Debt to GenCos Hits ₦6.8 Trillion appeared first on Akelicious.

Nigeria’s Power Crisis Deepens As GenCos Shut Down Over Mounting Debt

Nigeria’s power crisis worsened as several electricity generation companies shut down operations amid mounting debts estimated at about N6.8 trillion. Data from the national grid showed that over 15 power plants were offline as operators struggled to fund gas supply and maintain critical infrastructure. The shutdowns reflect persistent liquidity challenges that have weakened electricity generation […] The post Nigeria’s Power Crisis Deepens as G…