NDPHC demands N400bn electricity market debt settlement
The NDPHC is demanding N400bn in electricity market debt from participants like NBET, impacting operations. Learn about the challenges and recovery efforts Read More: https://punchng.com/ndphc-demands-n400bn-electricity-market-debt-settlement/
The Niger Delta Power Holding Company (NDPHC) has demanded the settlement of over N400bn in outstanding debts owed to it by electricity market participants, including the Nigerian Bulk Electricity Trading Plc. NDPHC's Managing Director and CEO, Jennifer Adighije, made this demand during an oversight visit to the company's headquarters in Abuja by the House of Representatives Committee on Power.
Adighije appealed for regulatory intervention to review the dispatch merit order, enabling NDPHC to better utilize its available generating capacity, which is currently underutilized at about 500MW despite having over 1,500MW of mechanically available generation capacity.
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