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FG Taking Steps To Resolve Payment Issues With GenCos –Adelabu

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Owing to the blackout experienced in the country, the Minister of Power, Chief Adebayo Adelabu, has said Federal Government is looking into ensuring outstanding payments are made to power generation  companies (GenCos) to resolve the problem.

According to a statement his Special Adviser, Strategic Communication, Bolaji Tunji, issued at the weekend, the government is taking steps to address the challenge.

 

The statement quoted Adelabu as saying: “Efforts are on the way by the Federal Government to ensure outstanding payments are made to generation companies, to ensure improved gas supply and increased power generation, this will also enable distribution companies to supply more electricity to Nigerians.”

 

The Minister added: “We acknowledge the current unsustainable situation, and we expect a turnaround immediately.”

 

Adelabu assured efforts are being made to ensure a quick resolution of the problem.

 

“In the past couple of weeks, there has been a significant downturn in the level of power supply to Nigerians.

 

“This is mainly due to a decreased level of gas supply to generation companies.

 

“This situation has led to a lower level of energy supplied to load centres, which has affected supply of electricity to distribution companies.”

 

 

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