Fashola yet to Resolve GenCos-DisCos Row Over N100.5bn Unsettled Bill

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Despite the threat by the electricity Generation Companies (GenCos) to stop energy supply to the electricity Distribution Companies (Discos), the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has failed to broker the needed peace, IWIN reports.

An aide to the Minister who spoke under condition of anonymity said the intervention is ongoing, but that the two warring groups cannot be compelled to embrace peace. “There is a limit to which the government could intervene in the differences between the two sets of companies knowing that the sector has been fully privatized,” he said. The Gencos say they have been pushed to the wall over the debt and have given the discos up to the second week of April, 2017 to pay up all their outstanding N100.5 billion debts owed them, failure of which the entire country may suffer total darkness, yet to be experienced in its history.

But refuting the allegation of not paying for power received the spokesperson of the coalition of the Discos, Ms Henrietta Ighomrore, said “We pay for power that has been pushed through the national grid, but most times the generated power is never sent to us, still the Gencos would claim the contrary. “They are also not facing the reality that as at January 2017, government agencies and departments owe us more than N60 billion, being electricity consumed but without any sign that they would be paid for,” she stated.

Source: Energy Mix Report

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