THE Ability area may anon be plunged into crisis, it was learnt on Sunday.
The Electricity Bearing Companies (GenCos) at weekend threatened to acknowledge force majeure (superior force) should the Nigerian Electricity Bulk Trading Company (NBET) stick to its accoutrements that thermal GenCos allegation pay 0.75 per cent authoritative allegation on transactions.
With the authoritative allegation on every transaction, NBET will be raking in N2.7 billion from the cost of the N600 billion ability area action fund.
Addressing reporters in Abuja beneath the advocacy of the Affiliation of Ability Bearing Companies (APGC), its Executive Director, Mrs. Joy Ogaji, quoted the NBET as adage it was acting on the Presidency’s directive.
She said: “The time may aloof be appropriate for GenCos to acknowledge force majeure and absolution themselves from all bazaar obligations. Surely, GenCos will abide blameless for demography such actions.”
According to her, NBET has fabricated the allegation as a action for the cost of the N600 billion interventions for gas suppliers and GenCos.
Mrs Ogaji insisted that “0.75 per cent authoritative allegation is compulsatory as it is a Action Precedent (CP) for GenCos to admission the N600 billion the Federal Government has accustomed for actual acquittal to gas suppliers and GenCos”.
Responding to the APGC allegations, NBET’s Managing Director Marilyn Amobi told The Nation via a argument message: “Please, I don’t apperceive what Mrs Ogaji is talking about. NBET deals with bearing companies and has never dealt with Joy Ogaji and her association.
“Please, as I told you in the past, kindly, if you can, accelerate us a letter with your concerns, conceivably accouterment the certificate Joy Ogaji beatific to you in which she bites the alleged allegations, accession your questions or seek a affair to altercate the issues and we will bind you.
“Credible journalism is not done vide argument messages. I do achievement you would be committed to acknowledging the accuracy of the things you apprehend afore proceeding to broadcast them.”
The APGC spokesperson, who declared the NBET allegation as a confiscation of the role of the Nigerian Electricity Authoritative Commission (NERC), added that the administration of the unilateral accommodation of the closing was absurd for a bazaar licensee.
She said: “As if that was not enough, NBET is at it again, this time mandatorily arising approximate and unilateral decision, which should not be accessible for a bazaar licensee.
“NBET, on September 13, 2019, issued a letter to alone thermal GenCos administering them to obtain, as a amount of urgency, their corresponding lath approvals or resolutions, bequeathing albatross for acquittal of gas and busline to the corresponding accumulation companies for an authoritative allegation of 0.75 per cent.
“The letter gave anniversary GenCo three alive canicule claiming to acknowledge with the lath resolution; that is, September 18, 2019, or face non-payment of activity invoices.
“It should be acclaimed that NBET, like added bazaar participants, is a licensee of NERC and as such is accepted to accept that in a adapted market, every expense/cost allegation be backed by a authoritative approval for able ciphering of the bazaar tariffs.
“The bearing companies are not acquainted that such approvals accept been issued by NERC nor is there any action allegation to this effect.”
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