File: House of Reps Green Chamber
The House of Representatives Committee on Power has urged electricity distribution companies with outstanding market obligations to urgently settle their debts, saying improved liquidity is critical to the sustainability of Nigeria’s power sector.
The committee made the call in a statement issued on Thursday.
The committee, led by its Chairman, Nwokolo Onyemaechi, also witnessed an ongoing public hearing on the outstanding market obligations of the Ibadan Electricity Distribution Company.
The hearing, chaired by NISO’s Executive Director, Market Operations, Edmond Eje, formed part of the operator’s engagements with selected DisCos over outstanding market obligations, Events of Default and other compliance matters under the Nigerian Electricity Market.
