International bilateral electricity customers in Benin Republic and Togo owe Nigeria $5.79m for the energy consumed in the second quarter of 2024.
Out of the $15.60m invoice issued by the market operator between April and June, the international customers remitted $9.
81m.
The foreign companies off-taking power from Nigeria are Para-SBEE in Benin Republic ($1.
23m), Transcorp-SBEE in Benin, Mainstream-NIGELEC in Togo ($1.09m), and Odukpani-CEET in Togo ($3.
47m).
In the Q2 report, it was noted that some bilateral customers (both domestic and international customers) made payments for outstanding invoices from previous quarters.
The 79.31 per cent collection efficiency recorded in 2024/Q2 is 0.
20pp higher than the collection efficiency recorded in 2024/Q1...
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