- Post by Admin on sunday, March 05, 2015
Following the permission for eligible customers to purchase electricity directly from the electricity generation companies (GenCos), the Transmission Company of Nigeria (TCN) has assured power producers of its capacity to transmit 6,000megawatts ((Mw) of electricity.
The Executive Secretary, Association of Power Generation Companies (APGC), Barr Joy Ogaji, told reporters in Abuja yesterday that the TCN has always recorded stranded 2,000Mw that is readily available for customers.
She explained that power for eligible customers will not in anyway affect residential customers that are willing to pay for power since the sector will simply resort to sending out the stranded 2,000Mw.
Ogaji said by this week, the Nigerian Electricity Regulatory Commission (NERC) will come up with a framework on the provision of electricity for eligible customers. She said GenCos are owed nearly N600 billion, while they are in turn owing gas producers N200 billion. This, she said, has degenerated to a situation of cash and carry gas that has further led to the shutdown of some power plants.