Friday 6 December 2019
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nigeria70 - 24 days ago

Power distributors owe NBET N322bn in eight months

’Femi Asu Power distribution companies failed to pay a total of N322.14bn to the Nigerian Bulk Electricity Trading Plc for the electricity sold to them from January to August this year. The government-owned NBET buys electricity in bulk from generation companies through Power Purchase Agreements and sells through vesting contracts to the Discos, which then


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