The Association of Power Generation Companies (APGC) said on Thursday that it has the capacity to generate 12,000 megawatts (MW) to reduce the electricity needs of Nigerians.
“With the available capacity, I have 8,000 MW if I say okay, come and take no one can take ’’.
On current reduction in power generation despite its capacity to produce more, NAN reports that Ms. Ogaji noted that paucity of funds hindered GENCOs from procuring gas to fire their power plants.
“For now we don ’t have vandalism problem but inability to pay for gas.
“And when they put 100 per cent on the grid , maximally they have been paid 30 percent, of the money this is one of the issues,” she said.
“As we speak, the sector owes the generation companies about N600 billion, unpaid for power that has been generated and consumed already.”
Ogaji, who noted that GENCOs were ready to advance power generation in the country, also said it was important to overhaul the transmission and distribution networks in the country to facilitate the supply of more electricity to Nigerians.