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Nigerian power discos hope for debt write-off

Nigerian power distibutors are caught in a debt cycle as legacy debts and non-payment by customers have left them struggling to pay generators Nigerian power distibutors are caught in a debt cycle as legacy debts and non-payment by customers have left them struggling to pay generators
By Miriam Malek 24 February 2017 Middle East & Africa / Pipelines, Storage & Power 0 24138
Pade Durotoye (second left), of Oando Energy Resources, is hoping to see debts written off. (Oando)

Power distributors in Nigeria are pushing for results from much-discussed plans for a debt write-off, delegates at International Petroleum Week in London have told Interfax Natural Gas Daily.

The Nigerian government is considering writing off the debt to balance the books of power distribution companies, known as ‘discos’.

However, Pade Durotoye, chief executive of Nigerian private distributor Oando Energy Resources, told Interfax Natural Gas Daily on the sidelines of the conference that it is “impossible” to tell how far the discussions to write off the disco debt...