Welcome To McEbiscoo.com

Loading...

Power distributors owe NBET N322bn in 8 months


Download Mc Ebisco News App.

Now Available On:

Loading...

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 supply it to the consumers.

The Discos were given a total invoice of N419.18bn for the energy received in the eight-month period but only paid N97.04bn to NBET, data obtained from the bulk trader on Monday by our correspondent showed.

ALSO READ:  IPOB Was Not Around when they Discussed Nigeria’s Unity – Senator Muslihu
Loading...

The 11 power distributors received a total invoice of N55.78bn in January; N51bn in February; N54.53bn in March; N51.64bn in April; N53.96bn in May; N47.58bn in June; N51.68bn in July, and N53.01bn in August.

But they paid N12.48bn in January; N10.07bn in February; N13.17bn in March (including N4.18bn February late payment); N12.28bn in April; N14.67bn in May (including N2.56bn April late payment); N8.39bn in June; N11.05bn in July, and N14.93bn in August (including N2.63bn July late payment).

ALSO READ:  Breaking: FG Begins Investigation Of Lawan, Gbajabiamila, CJN Tanko Muh’d, Others

Kaduna Electric, which covers Kaduna, Kebbi, Sokoto and Zamfara states, did not make any remittance in February, March, April, June and August.

Port Harcourt Electricity Distribution Company did not make any payment to NBET in February, March and April; neither did Kano Electricity Distribution Company make any remittance in February, March and July.

The BEDC Electricity Plc failed to make any payment to NBET in March and July. Enugu Electricity Distribution Company made no remittance in April and July; Jos Electricity Distribution Company paid nothing in March and June.

ALSO READ:  Angry Mob Burn Three Suspected Kidnappers To Death In Abuja

Yola Electricity Distribution Company, which was returned to the Federal Government by the core investor in 2015, failed to make any payment in March.

The remittance by Discos to NBET in the eight-month period averaged 22.34 per cent, the data showed.

Please Share This Story

DOWNLOAD The Mc Ebisco News Mobile App Here

   

Hello....

Many others who have been assisted by Dr. Mugwenu say they have received powerful healing and are now more connected to their fellow lonely hearts. Contact Dr. Mugwenu. He heals pressure, diabetes, ulcers, gonorrhea, syphilis, TB, manhood weakness among other things. The doctor also solves life’s challenges such as love issues, family problems, hardships in business, increases your luck, that is, winning lottery games and court cases, promotions at work and clears away devilish spirits and dreams. For consultation call: +254 740637248 www.mugwenudoctors.com    

Loading...

Have any Question or Comment?

Leave a Reply

Loading...

YOU MUST READ

Loading...

Contact Us Here

Get Latest Mc Ebisco News Alert!

Enter your email address:

Delivered by FeedBurner

Watch Mc Ebisco Comedy

Translate »