NERC: Customers in Togo, Benin, Niger owe $51.2m for electricity

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Nigerian Electricity Regulatory Commission says international electricity consumers owe $51.26 million for electricity exported in 2023.

international electricity consumers owe $51.26 million for electricity exported in 2023.Under international treaty, Nigeria sells electricity to neighbouring countries like Benin Republic, Togo, and Niger.

“None of the under-listed international customers made any payment against the cumulative $16.11 million invoice issued to them in 2023/Q1: Paras-SBEE , Transcorp-SBEE , Mainstream-NIGELEC and Odukpani-CEET ,” the commission said.“Out of N842.38 million invoice issued by MO to all the eight bilateral customers in the NESI , only North South/Star Pipe made a remittance of N15.38 million against its invoice of N24.69 million.

“The three other international customers did not make any payment against the $11.97 million invoice issued to them by the MO for services rendered in 2023/Q2.“Cumulatively, bilateral customers made a total payment of N816.66m against the cumulative invoice of N2.845 billion issued to them by the MO for services rendered in 2023/Q2.”For bilateral customers, the commission said they failed to remit N2.8 billion.

 

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