NBET, TCN To Close Power Sale Agreements With Niger, Benin

NBET, TCN To Close Power Sale Agreements With Niger, Benin

The Nigerian Bulk Electricity Trading (NBET) Plc and the Transmission Company of Nigeria (TCN) have indicated their intentions to finalise and execute power sale agreements (PSA) with two international electricity customers – Société Nigerienne d’Electricité (NIGELEC) and Communauté Electrique du Bénin (CEB), THISDAY reports.

NBET and TCN have also stated that they want the two international customers to immediately pay up their outstanding electricity debts worth $115.91 million to the Nigerian electricity market. NIGELEC, according to the NBET and TCN owed $14.45 million, while CEB owed $101.46 million to the market.

However, in a communiqué of the last monthly power sector operators’ meeting held in Abuja, NBET and TCN stated that they had set up a meeting with CEB and NIGELEC, to finalise on the PSA which was being negotiated. The communiqué also noted that both agencies had agreed on a new sharing formula for the outstanding monies, and which the ministry of power has equally approved.

topics from
There is no comment