Debt: FG To Disconnect 13 DISCOs From National Grid

The Federal Government through the Transmission Company of Nigeria (TCN) will disconnect 13 electricity companies from the national grid.

According to Punch, the disconnection plan is because of the failure of the affected companies to make remittances of ancillary services bills.

As a result of the planned disconnection, electricity consumers being served by the affected companies may experience blackouts.

The notice of disconnection has been served to the affected electricity companies. The affected electricity companies include:

Abuja Electricity Distribution Company, Benin Electricity Distribution Company, Enugu Electricity Distribution Company, Ibadan Electricity Distribution Company, Ikeja Electric, Jos Electricity Distribution Company, Kaduna Electric, Kano Electricity Distribution Company, Port Harcourt Electricity Distribution Company, APL Electric Company Aba, Ajaokuta Steel Company- a special electricity consumer.

However, the Ibadan Electricity Distribution Company Managing Director/CEO, Kingsley Achife has disclosed that the company is unable to meet its financial obligations to the electricity value chain due to poor payment and huge outstanding bills from customers.