Power generation and distribution companies deny knowledge of FG’s N200bn payment

Power generation and distribution companies on Thursday said they were unaware of any N 200 bn that was paid to the power sector by the Federal Government in the past three days .

Group Managing Director , Nigerian National Petroleum Corporation , Mele Kyari , had announced on Wednesday that the Federal Government paid over N 200 bn for power supply in Nigeria.

When contacted on Thursday on the matter, the Executive Secretary , Association of Power Generation Companies , the umbrella body for Gencos , Joy Ogaji , told our correspondent that she was not aware of any N 200 bn payment .

She said , “ For the records , Gencos have not received fresh funds from anyone .

What Gencos have received is payment for energy produced and consumed for 2019 .

“ Gencos have not received any funds of any nomenclature – palliative , stimulus or coronavirus funds.

We are currently being paid the money owed for 2019.

We take exceptions to our name being used to score political points. ”

Ogaji argued that operators of power generation companies were private businessmen with patriotic zeal .

According to her , it was imperative to state that while political points were scored , Nigerians were misled and incensed against the operators , adding that Gencos had made adequate power available for all Nigerians.

“ Below are figures of our performance from February till date to buttress our assertion of making power available .

Nigerians should ask why this power is not getting to them , ” Ogaji said .

She noted that in February , available generation capacity was 9 , 440 megawatts , average generation was 4 , 629 MW , while stranded generation was 4 , 811 MW .

In March , the Gencos put available generation capacity at 8 , 318 . 07 MW ; average generation , 3 , 912 . 47 MW , stranded generation , 4 , 405 . 61 MW .

Also from April 1 to 14 , available generation capacity was 8 , 269 . 31MW ; average generation , 3 , 951 . 23MW and stranded generation , 4 , 961 . 96 MW .

Power distribution companies also stated that the N 200 bn was not paid to them and was not for the proposed free electricity.

“ It has nothing to do with the Discos and has nothing to do with the palliative that is being proposed.

Let the President pass the law. I know you have not seen any law on palliatives that has been passed , ” an impeccable source with a distribution company said .

The official , who pleaded not to be named as he was not authorised to speak on the matter, added , “When they pass the law and the President signs it , then the content of it will tell us what the development is. ”

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