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Power producers kick as N701bn intervention funds dry up

The N701billion payment guarantee initiated by the Federal Government to assist electricity generation companies (GenCos) in settling their obligation to gas suppliers as remittances from electricity distribution companies (DisCos) dwindles, will run out by December 2018, fuelling concerns about sustainability. Babatunde Fashola, minister of Power, Works and Housing when announcing the project in March 2017,…

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