The Nigerian Bulk Electricity Trading (NBET) has begun payments of N728.98 billion in legacy debt to power generation companies (GenCos). NBET Managing Director, Mr Akin Odeyemi, said the payments followed the successful issuance and signing of N728.979 billion Series 2 Bonds under the N4 trillion Power Sector Multi-Instrument Issuance Programme. The payments are part of efforts to settle outstanding debts in the power sector.
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