The Nigerian Electricity Regulatory Commission, NERC, has revealed that three West African countries have yet to pay for electricity supplied by Nigeria in the second quarter of 2021.
The regulatory agency stated this in its Second Quarter Report 2021, which was recently released in Abuja, noting that the Nigerian Bulk Electricity Trading company and the Market Operator of the Transmission Company of Nigeria, TCN, issued a total bill of N770m to the power firms of the three nations and some other special customers.
The Commission did note, however, that no money was paid by neighboring countries or other special customers for power supplied by Nigeria during the period.
According to it, power companies in neighboring countries include Societe Nigerienne d’Electite – NIGELEC in Niger Republic, Societe Beninoise d’Energie Electrique – SBEE in Benin Republic, and Compagnie Energie Electrique du Togo – CEET in Togo Republic.
According to the report, “During the quarter under review, NBET and MO issued a total of 0.77 billion in respect of energy sold by NBET and services rendered by MO to 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 To
“These customers made no payments during the quarter under review.” It is hoped that as these customers’ economies improve following the COVID-19 lockdown, they will resume full bill payment.”