Power: Gencos Say Nigeria Loses $29.3b Yearly To Erratic Supply - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Abubakar Abubakar
April 29, 2019
The Electricity Generation Companies, GENCOS said the country loses twenty nine point three billion dollars annually to low   supply resulting from load shedding and inadequate facilities.
The Executive Secretary, Association of Power Generation Companies APGC, Joy Ogaji, urged the Transmission Company of Nigeria, TCN to upgrade its network to absorb the eight thousand megawatts capacity of the GENCOS.
She said in urban areas where electricity access has been provided, the availability of power supply is drastically low, due either to load shedding or inadequate power supply facilities.  It is estimated that the Nigerian economy is losing twenty nine point three billion dollars annually, due to the lack of adequate power.
Ogaji, a lawyer, also sought a strict regulation of the transmission and distribution chains of the Nigeria Electricity Supply Industry, NESI to compel the distribution companies, DISCOS to remit the revenue they collect from their customers to the market operator.