Discos deny knowledge of FG’s N200bn payment to Gencos

Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid to the power sector by the Federal Government in the past three days.

She said, “For the records, Gencos have not received fresh funds from anyone. What Gencos have received is payment for energy produced and consumed for 2019.

“Gencos have not received any funds of any nomenclature – palliative, stimulus or coronavirus funds. We are currently being paid the money owed for 2019. We take exceptions to our name being used to score political points.”

Ogaji argued that operators of power generation companies were private businessmen with patriotic zeal.

According to her, it was imperative to state that while political points were scored, Nigerians were misled and incensed against the operators, adding that Gencos had made adequate power available for all Nigerians.

“Below are figures of our performance from February till date to buttress our assertion of making power available. Nigerians should ask why this power is not getting to them,” Ogaji said.

She noted that in February, available generation capacity was 9,440 megawatts, average generation was 4,629MW, while stranded generation was 4,811MW.