Abuja - Investigation has shown that the N50 billion debt owned the owners of the National Integrated Power Project plants (NIPP) has affected power supply in the country, Punch reports.
Six NIPP plants being run by the Niger Delta Power Holding Company Limited were groaning under huge debts of power sold to the distribution companies but had not being paid for.
Also read: Power supply drops by 360MW
The six plants are said to be responsible for the generation of between 40 and 45 per cent of the power currently put on the national grid.
Other power generating companies affiliated to the defunct Power Holding Company of Nigeria were also weighed down by huge debts owed by the distribution companies.
Read more at Punch
- News 24