Power Generator Companies Under Threat

Power generation companies has said the Nigerian market was under threat based on the recent claims by the Nigerian Bulk Electricity Trading Company that only five Gencos had active Power Purchase Agreements in Nigeria.

The Executive Secretary of Association of Power Generation Companies, the Gencos, Joy Ogaji, stressed that the statement of the bulk trader would further scare investors from investing in the sector.

Ogaji noted that the absence of PPAs as claimed by NBET entailed that Gencos were exposed to the vagaries in the downstream electricity market.