• GenCos threaten suit over delay
• DisCos, govt, discuss poor services, supply cost
• Senate urges Buhari to bear cost of deferred hike
• Operators deny lobbying NASS, putting sector in debt
Nigeria’s electricity supply industry faces yet another regulatory summersault, as the National Assembly, on Monday, toppled plans to increase cost of electricity supply by as much as 50 per cent.
This came as senators yesterday vowed to compel the executive arm of government to bear the impact of planned hike in electricity tariff, if eventually deferred to next year.
In the same vein, the nation’s power generation companies (GenCos) yesterday in Abuja said they would consider meeting the Federal Government at the court of Arbitration if planned electricity tariff increase is not implemented today (July 1).
Reacting to intervention by the National Assembly, which deferred the tariff increase, Executive Secretary of the Association of Power Generation Companies (APGC), Joy Ogaji,…
Source: Guardian Newspaper