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Adelabu promises action on GenCos amidst blackout crisis

Credible News by Credible News
January 26, 2024
in Development, Economy, Legal, News
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Power Minister

Minister of Power,Adebayo Adelabu making promises

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Owing to the blackout experienced in the country, the Minister of Power, Chief Adebayo Adelabu, has said Federal Government is looking into ensuring outstanding payments are made to power generation companies ,GenCos, to resolve the problem.

The Nation reports that,  government is taking steps to address the challenge says Special Adviser Strategic Communication, Bolaji Tunji in a statement.

The statement quoted Adelabu as saying: “Efforts are on the way by the Federal Government to ensure outstanding payments are made to generation companies, to ensure improved gas supply and increased power generation, this will also enable distribution companies to supply more electricity to Nigerians.”

The Minister added: “We acknowledge the current unsustainable situation, and we expect a turnaround immediately.”

 

READ ALSO:- Combined wealth: How Dangote, Rabiu, Adenuga gained $15.5bn in three weeks

Adelabu assured efforts are being made to ensure a quick resolution of the problem.

“In the past couple of weeks, there has been a significant downturn in the level of power supply to Nigerians.

“This is mainly due to a decreased level of gas supply to generation companies.

“This situation has led to a lower level of energy supplied to load centres, which has affected  supply of electricity to distribution companies.”

 

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Tags: Adebayo AdelabuGenCosPower
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