Power Crisis: Gencos Decry N6.2 Trillion Debt as Grid Utilization Collapses to 25%
ABUJA — Nigeria’s power generation companies (Gencos) have linked the nation’s chronic electricity shortage to ₦6.2 trillion in unpaid debts and severe regulatory distortions. Despite an installed capacity of 15,500 megawatts, the national grid currently utilizes a meager 4,000MW on average. This represents a dismal 25.8 percent capacity utilization, a figure the Association of Power…