Nigeria’s power transmission company, TCN, the Market Operator (MO) for the West African nation, has hosted cross-border market participants to discuss energy transaction issues and challenges, as well as proffering suitable solutions towards smooth business operations on the distribution of energy exported to Togo and Benin Republic.
The meeting, which was held on Monday, 28th August 2023, had in attendance representatives from Transcorp Power, Benin Republic (SBEE), Togo (CEET), Transmission Company for SBEE and CEB, PARAS and NDPHC.
Among other issues discussed was an outstanding energy reconciliation issue between Togo and Benin Republic for the period of October 2020 to February 2021, wherein the two countries believed that the MO would reconcile them as a neutral operator.
It would be recalled that the two countries—Togo and the Benin Republic—were enjoying sovereign off-take of the power supply until 2019 when the two countries resorted to going into bilateral energy transactions because both Generators and Distributors in Nigeria had been privatised.
The MO used the opportunity of the meeting to call on the two countries to settle their legacy outstanding debt of US$1,715,786.25.
“To put the record right, the above figure is the correct outstanding debt owed to Nigeria by the two countries.”
Source: https://energynewsafrica.com