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GENCOs Issued Total Invoice of N331bn to DISCOs in 2016

Proshare

Sunday, February 12 2017/ 3:20PM /NBS

The Nigerian Bulk Electricity invoices and payment from generating companies (GENCOs) to distribution companies (DISCOs) and offtakers for 2016 has reflected that an invoice of N30.51bn was issued by the generating companies (GENCOs) to the offtakers while a payment of N2bn and a debit note of N1.12bn for Net GENCOS imports was made with a balance N27.3bn recorded at the end of 2016.

Similarly, an invoice of N331.02bn was issued by the generating companies (GENCOs) to the distribution companies (DISCOs) while a payment of N88.03bn was made with a balance N242.97bn recorded at the end of 2016.
 
The generating companies (GENCOs) issued a total invoice of N331bn to the distribution companies (DISCOs) with the DISCOs share of the total invoice put at N331bn while payment of N88.03bn was received with a balance of N242.97bn recorded at the end of the period under review.

Similarly, the generating companies (GENCOs) issued a total invoice of N361.52bn with the offtakers share of the total invoice put at N30.2bn while payment N2bn was received with a balance of N27.39bn recorded at the end of 2016.


Click Here to Download Bulk Electricity Invoices & Payment 2016 (PDF) Report


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