Power: FG To Revoke Abuja, Kaduna, Kano, Ikeja Discos’ Licenses Over N30.1bn Debt - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
October 9, 2019
The Nigerian Electricity RegulatoryCommission, NERC has informed eight power Distribution Companies, DISCOS on itsresolved to revoke their licences in sixty-days after they accumulated overthirty billion naira energy invoice debts for July 2019.
The NERC’s Commissioner for Legal,Licencing and Compliance Dafe Akpeneye, in a notice directed Abuja, Benin,Enugu, Ikeja, Kano, Kaduna, Port-Harcourt, and Yola DisCos to explain why theirlicences should not be withdrawn.
NERC said the eight DISCOS receivedover thirty billion naira invoice from NBET for the energy they received inJuly 2019, they only remitted about five point nine billion naira.
NERC threaten to revoke DISCOS’licence for the first time after the power sector privatization of 2013.