NERC gave a rather shocking revelation about the Nigerian power generation companies.
The Nigerian Electricity Regulatory Commission, NERC disclosed that none of the four international bilateral customers being supplied by the power generation companies in Nigeria made payment against the cumulative invoice of $14.19m issued by the market operator for services rendered in the first quarter of 2024.
Nigeria sells electricity to neighbouring countries, including Benin, Togo and Niger.
The international customers owing the Nigerian electricity supply industry include Para-SBEE in Benin Republic ($3.15m), Transcorp-SBEE in Benin Republic ($4.46m), Mainstream-NIGELEC in Togo ($1.21m), and Odukpani-CEET in Togo ($5.36m).
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According to the NERC’s report, none of the four international customers made any payments for the electricity exported to them.
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