Nigeria’s electricity generating companies (Gencos), under the auspices of Association of Power Generation Companies (APGC) have reacted to comments by the Transmission Company of Nigeria (TCN), that power generating companies falsify their capacity declarations for financial claims.
In a statement in Abuja, Executive Secretary of APGC, Mrs Joy Ogaji, described TCN’s allegation as malicious, baseless and an exhibition of ignorance of the electricity market proceedings. She noted that it was important to state for clarity sake, that GenCos were not currently paid on capacity declaration but only on delivered capacity.
She further stated that since TCN, through its subsidiary, National Control Centre (NCC), is the source of all power sector data, as they relate to power generation, transmission, distribution and consumption/demand forecast, the allegation of falsified capacity declaration was worrisome.
She maintained that in addition to the NCC’s capacity monitor, the Nigerian Bulk Electricity Trader as well as the Independent System Operator periodically send their teams to carry out capacity test on all GenCos to re-confirm NCC’s capacity data.