Abuja — The current revenue shortfalls that have accumulated from the inability of the Nigerian Electricity Regulatory Commission (NERC) to allow the 11 electricity distribution companies (Discos) in country's power sector to have cost reflective tariffs have now shot up to N460 billion, thus burdening the operations of the Discos, the Association of Nigerian Electricity Distributors (ANED) has disclosed.
ANED wednesday at a power sector workshop in Abuja said the heavy financial shortfalls were impacting the operations of the Discos such that they may be forced to declare a force majeure.
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