NDPHC demands N400bn electricity market debt settlement

The Niger Delta Power Holding Company (NDPHC) has demanded a settlement of over N400 billion in electricity market debt owed to the company by various participants, including Nigerian Bulk Electricity Trading Plc. NDPHC's Managing Director and Chief Executive Officer, Jennifer Adighije, highlighted transmission constraints, low tariffs, inadequate market settlements, gas supply challenges, unpaid debts, and vandalism as major hurdles affecting the company's operations.

Adighije appealed to the House of Representatives Committee on Power to intervene in the outstanding debts and called for regulatory intervention to better utilise the company's available generation capacity, which stands at more than 1,500 megawatts but is only allocated an hourly dispatch of about 500 megawatts.

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