International bilateral clients, consisting of the Société Béninoise d’Énergie Électrique (SBEE) from the Republic of Benin, the Compagnie Energie Electrique du Togo (CEET) from Togo, and the Société Nigerienne d’Électricité (NIGELEC) from the Niger Republic, have accumulated debts amounting to $19.97 million for electricity delivered to them during the initial half of 2025.
In conjunction with Nigeria’s ambitious energy transition and industrialization plans, Genesis Energy—a pan-African trailblazer in clean energy infrastructure development and asset management—has declared a strategic alliance with the Nigerian National Petroleum Company Limited (NNPCL) to transfer surplus power generated by the Port Harcourt Refining Company (PHRC) into the national grid.
The Nigerian Electricity Regulatory Commission (NERC) reported that the international clients served by Generation Companies (GenCos) settled only $14.81 million against a total invoice of $34.78 million issued by market operators for services provided in the first and second quarters of 2025.
A detailed analysis of the debts reveals that Paras-SBEE has not paid anything of the $2.42 million and $2.77 million invoices assigned to them in Q1 and Q2 (January to June); whereas Paras-CEET paid $0.63 million in Q1 out of a total of $1.92 million but contributed nothing towards the $2.02 million invoice in Q2.
The commission lamented the persistent trend of non-payment by these companies and emphasized the urgent necessity for intervention from the pertinent Federal Government authority.
Additionally, a significant number of Nigerian electricity consumers defaulted on payments for electricity supplied between January and June 2025, amounting to a staggering N368.26 billion.
The report indicated that the eleven Distribution Companies collected a total of N1.11 trillion out of N1.48 trillion invoiced during this timeframe.
GENESIS ENERGY unveiled this information during an official visit by the Minister of Power, Adebayo Adelabu, to its operational facility located within the Port Harcourt Refinery in Eleme, Rivers State.
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The visit served as a platform to highlight Genesis Energy’s pivotal role in Nigeria’s industrial advancement through the operation of the nation’s most extensive licensed private off-grid clean power plant, generating 84 megawatts (MW). This facility supplies energy to the PHRC, thereby significantly enhancing refinery operations, fortifying local energy security, and diminishing reliance on diesel while addressing grid instability.
This partnership, forged in harmony with the Federal Government’s Power Sector Reform and Energy Transition Agenda, seeks to optimize Nigeria’s domestic generation capacity, bolster grid stability, and broaden electricity access throughout the nation.
