Emmanuel Addeh in Abuja
The Nigerian Electricity Regulatory Commission (NERC) has expressed concern about the continuing inability of its international as well as special customers to settle their invoices for services rendered by the Market Operator (MO).
NERC, in its quarterly report for the second quarter of 2020, obtained by THISDAY at the weekend, said the failure by Niger, Togo and Benin Republic and Ajaokuta Steel Company, which is a special customer, to meet their obligations were compounding the liquidity challenges in the Nigerian Electricity Supply Industry (NESI).
It, however, added that Compagnie Energie Electrique du Togo of Togo had offset N1.5 billion of the total debt owed.
International customers failed to remit N2.59bn invoice to market operators ― NERC International customers failed to remit N2.59bn invoice to market operators ― NERC
Share
International customers in the 2020 second quarter, failed to remit N2.59 billion of the N4.10 billion invoice given to them by the Market Operator (MO) for electricity supplied.
The Nigerian Electricity Regulatory Commission (NERC) stated this in its 2020 second-quarter report uploaded via its website.
Except for Compagnie Energie Electrique du Togo–CEET which paid N1.51bilion in respect of services it received from MO, Societe Nigerienne d’electricite – NIGELEC, Societe Beninoise d’Energie Electrique – SBEE made no payment.