HomeBreaking newsNERC: Togo, Benin Q2 electricity debt to Nigeria hits N770m

NERC: Togo, Benin Q2 electricity debt to Nigeria hits N770m

The Nigerian Electricity Regulatory Commission (NERC) says the Republic of Benin, Niger Republic, Togo did not pay N770 million  electricity bill owed  Nigeria in the second quarter of 2021.

The commission disclosed this in its second-quarter report for 2021.

The report stated the neighbouring countries and other special customers were issued a total bill of N770 million by the Nigerian Bulk Electricity Trading company and the Market Operator of the Transmission Company of Nigeria.

“During the quarter under review, NBET and MO issued a total of N0.77bn in respect of energy sold by NBET and services rendered by MO to the special (Ajaokuta Steel Co. Ltd and other bilateral customers) and international customers (Societe Nigerienne d’electricite – NIGELEC, Societe Beninoise d’Energie Electrique – SBEE and Compagnie Energie Electrique du Togo– CEET),” the report said.

“No payment was made by these customers during the quarter under review.

“It is hoped that as the economy of these customers improves post-COVID-19 lockdown so that they will resume the settlement of their bills in full.”

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