Electricity: FG reduces GenCos debt with N205bn payment Electricity

Electricity: FG reduces GenCos debt with N205bn payment
Electricity
…As TCN faces N600bn ground rent bills

TCN cannot pay. So we want legislation or a waiver so that any place where we are building a substation, that land should be given to TCN without asking for ground rates because we cannot afford it”, he added.

He also asked for the intervention of the legislators over import duties and value added tax imposed on equipment brought into the country to improve transmission infrastructure in the sector.

Earlier, the Chairman, House Committee on Power, Rep. Victor Nwokolo harped on the need to improve power supply in the country.

He expressed the readiness of the House to support the sector with the necessary legislative backing to achieve the objectives of the government, but warned that the House would not fold its arms and allow consumers to be shortchanged.