NDPHC owed N160bn over sold 20% power generated

NDPHC owed N160bn over sold 20% generated power

The power sector owes Niger Delta Power Holding Company (NDPHC) an outstanding balance of N160 billion, Chiedu Ugbo, the managing director, has disclosed on Wednesday. He added that of the total power that the company generates, it is able to supply only 20 per cent to the national grid and only 30 per cent of this is paid for, while it is being owed 70 per cent of the supplied which now stands at N160 billion. The NDPHC is Nigeria’s power company fully subscribed to by the federal, state and…

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