Friday, April 24, 2026
27.4 C
Lagos

GENCOs, TCN, DISCOs on War Path over Power Losses

Following the continuous worsening power outages the privatised Generating Power Companies (GENCOs), the Transmission Company of Nigeria (TCN) and the Distribution Power Companies (DISCOs) are now on each other’s neck over who bears the cost of power losses from evacuation points through the national grid to the distribution network. This is due to dilapidated facilities at both the transmission level and distribution network.

At a meeting at the instance of Eko Disco in Lagos, the power companies could not reach an agreement as the GENCOs insisted that TCN should be held responsible for all the power losses from the generating stations through the national grid to the Discos.

However, the TCN argued that whatever quantity of power is supplied from the generating stations are directed to the Discos, therefore they should pay for it. But the Discos explained that they cannot pay for the power losses from the Gencos through the transmission lines managed by the TCN.

According to a source at the meeting, the Gencos claimed they had produced 200MW only for the Discos to receive less than 160MW, about 20 percent less than what the Gencos claimed they generated and evacuated. However, the Discos maintained that they will only bear the cost of the losses at the distribution network to consumers.

Meanwhile, the Minister of Power, Prof. Chinedu Nebo has expressed dissatisfaction over the worsening power supply nationwide. At a meeting with the power owners, he advised them to collaborate with each other to ensure that the power situation improves; assuring that the government will give every necessary support to them.

He reminded them of the additional generation capacity by the recent commissioning of two National Integrated Power Projects (NIPPs) at Alaoji and Olorunsogo. Nebo said there are plans to commission other NIPP plants upon the completion of the projects. The minister described the DISCOs as the vital link in the service delivery chain.

He expressed strong commitment and willingness of the Federal Government to continue to support operations of the Generation and Distribution Companies to actualise the plans to meet the energy needs of customers in both the private and public sectors.

Image Credit: psychologytoday

spot_img
spot_img
spot_img

Hot this week

Ecobank Nigeria, DHL Equip Nigerian SMEs to Compete Beyond Local Markets

Participants with staff members of Ecobank and DHL at...

QEDNG Summit 2026 Set for August 11 in Lagos

The QEDNG Creative Powerhouse Summit will hold its second edition on...

NLNG MD, Adeleye Falade, Commends Rivers Police, Seeks Stronger Security Collaboration

Adeleye Falade, MD, NLNG, (centre); Olakunle Osobu, Deputy MD...

Renaissance MD, Tony Attah, Predicts Merger of Operators at Nigerian Content Lecture

The Managing Director of Renaissance Africa Energy Company Limited,...

NCDMB, Seplat Firm Up Plans for Take-off of Centre of Excellence at DELSU

 Key Management staff of the Nigerian Content Development and...

Topics

LIRS Boss, Ayodele Subair, Bags Vanguard’s Public Sector Icon Award

L-R: Mrs. Enonuya Angela- Assistant Director, Personal Income Tax,...

Stanbic IBTC: Most Outstanding Bank Supporting Women-Owned Businesses

Stanbic IBTC Bank Limited, a subsidiary of Stanbic IBTC...

Maersk Accelerates Transformation, Earns $39bn in 2018

Progress on the transformation of A. P. Moller -...

Sheraton Unveils New Logo Marking Transformation Milestone

Sheraton Hotels & Resorts, Marriott International’s most global brand...

World Bank Report: Remittances to Developing Nations Hits $432bn in 2015

The World Bank in its report entitled “Migration and Development:...

STI, NCRIB Reaffirm Bond for Industry Growth at Courtesy Visit

L-R: Kayode Adigun Executive Director, Finance and Corporate Services,...

Data & Tech to Transform Nigerian Retail Market

The convergence of AI, tech, and data on Nigeria’s...

NSE Receives Award for Promoting Financial Literacy

The Nigerian Stock Exchange on Friday, May 27, 2016,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img