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Anxiety As Discos’ Debt To NBET Hits N859bn - Business - Nairaland

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Anxiety As Discos’ Debt To NBET Hits N859bn by Mediamerge: 11:17am On Jul 11, 2018
By Energy Worth

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Monday, disclosed that the indebtedness of power distribution companies, DisCos, to the Nigerian Bulk Electricity Trading Company (NBET), has risen to N859billion.

As a result, the NBET has accumulated a total debt of N325.784billion which is meant for the payment of power produced by electricity generation companies and supplied to the DisCos.

Read more...http://energyworthonline.com/2018/07/11/anxiety-as-discos-debt-to-nbet-hits-n859bn/

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