International customers – Niger, Benin, Togo – who purchase power from Nigeria remitted a total of $5.37m (N2.04bn) in the first quarter of this year as their outstanding electricity bill to the Market Operator of the sector in Nigeria.
But special customers, Ajaokuta Steel Co. Ltd and its environs, did not make any payment in respect of the N0.27bn and N0.05bn invoices issued them by the Nigerian Bulk Electricity Trading Plc and the MO respectively, during the period of review. The Nigerian Electricity Regulatory Commission disclosed this in its report for the first quarter of 2020.
It said a total of N4.05bn ($13.22m) invoices were issued by the MO to international customers including Societe Nigerienne d’electricite or NIGELEC; Societe Beninoise d’Energie Electrique or SBEE; and Compagnie Energie Electrique du Togo or CEET…
More details through:
News Archive from before July 2018