The Association of Power Generation Companies (APGC) on Thursday, lamented that the electricity consumption demand of Nigerians were not encouraging its members to generate more, IgbereTV reports
The group said Nigerians do not make total use of electricity generated, even as the group enumerated the challenges bedevilling the power sector as the country continues to struggle to revamp the sector.
Dr Joy Ogaji, APGC Executive Secretary, made this disclosure on Thursday, during a panel session at the Association of Energy Correspondents of Nigeria (NAEC) Strategic International Conference in Lagos.
The topic of the session was: ”Power Sector Dilemma: Issues, Challenges, Opportunities and Strategic Key Solutions.”
According to her, generation companies were being owed about N1.75 trillion for power generated for the electricity market since 2013.
Ogaji further said the liquidity challenge of the Nigerian Electricity Supply Industry had made operating in the generation value chain very difficult for the companies.
GenCos are currently owing their gas suppliers about N1 trillion and also servicing loans used for acquisition of the companies in 2013, she noted.
The APGC scribe further said the Nigerian Bulk Electricity Trading Company (NBET) needs to intensify efforts to ensure remittances by the 11 electricity Distribution Companies for energy consumed by their customers
