NERC: Bilateral Firms Hold Back $8.5M from Nigeria’s Power Sector
The Nigerian Electricity Regulatory Commission (NERC) has reported that some international bilateral companies owe Nigeria’s electricity generation companies (GenCos) about $8.5 million in unpaid power supply. In its latest quarterly report, the Commission said the companies made a payment of $9.015 million from an invoice of $17.54 million issued to them in...
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