The Market Operator (MO), a section of the Transmission Company of Nigeria (TCN) said the 11 electricity Distribution Companies (DisCos) paid N3.3 billion of the N9.7bn invoice for service provider charges issued for November, Daily Trust reports.
A presentation during the recent 23rd monthly sectoral meeting by the Head of the MO, Moshood Saleeman, said the DisCos still owe N6.4bn as shortfall for the month with an interest of N992 million that had accrued on their outstanding balance. Yola DisCo, managed by the Federal Government, cleared its service providers’ charges by 100 per cent with a N334.4m invoice.
Among the 10 private DisCos, Eko DisCo remitted the highest figure of N885.1m from a N1.1bn invoice representing 80 per cent. The lowest was Kaduna DisCo which could not remit any part of its N648.4m invoice; there was also no payment from the international customers whose invoices were at N723m.