
TCN Tells NERC To Reset Discos’ Books Over ₦270bn debt
The Transmission Company of Nigeria has asked the Nigerian Electricity Regulatory Commission to reset the books of power distribution companies in order to help clear the N270bn debt which the Discos owe the TCN.
The TCN also declared on Friday in Abuja that it now had the capacity to offset the $1.6bn loans it received from various multilateral donors.
Managing Director of the company, Usman Mohammed, disclosed these at a TCN and donor stakeholders’ meeting.
He said, “We ask that the Nigerian Electricity Regulatory Commission should agree to reset the books of the Discos. They (Discos) owe the TCN N270bn. …