Nigeria: Blackout Looms As Gencos Threaten Shutdown of Power Plants Over N4 Trillion Electricity Debt

·Demand repayment plan, security guarantees backed by World Bank or AfDB

·Seek special FX window for procurement of spare parts, others

·Say less than 30% of total invoice received monthly

Emmanuel Addeh in Abuja and Peter Uzoho in Lagos

Electricity Generation Companies (Gencos) operating in Nigeria yesterday demanded the settlement of debts owed by the federal government, noting that otherwise the prevailing situation could lead to a complete shutdown of the power sector in the country.

The…