Nigerian Bulk Electricity Invoices and Payment from GENCOs to DISCOs and Offtakers (2016)

The Nigerian Bulk Electricity invoices and payment from generating companies (GENCOs) to distribution companies (DISCOs) and offtakers for 2016 has reflected that an invoice of N30.51bn was issued by the generating companies (GENCOs) to the offtakers while a payment of N2bn and a debit note of N1.12bn for Net GENCOS imports was made with a balance N27.3bn recorded at the end of 2016
Similarly, an invoice of N331.02bn was issued by the generating companies (GENCOs) to the distribution companies (DISCOs) while a payment of N88.03bn was made with a balance N242.97bn recorded at the end of 2016.
The generating companies (GENCOs) issued a total invoice of N331bn to the distribution companies (DISCOs) with the DISCOs share of the total invoice put at N331bn while payment N88.03bn was received with a balance of N242.97bn recorded at the end of the period under review.

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