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Wednesday, July 1, 2020

Power firms want acquisition debts, CBN loans restructured

DisCos explain continuous poor power supplyBusiness — The Guardian ...

’Femi Asu

More than six and a half years after the nation’s power distribution and generation companies were privatised, the core investors in the Discos are looking to restructure the loans advanced to them by banks for the acquisition of the assets.

The Discos also want the Central Bank of Nigeria Nigerian Electricity Market Stabilisation Fund disbursed to them to be restructured for longer duration.

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