GENCOS reject FG’s offer to forfeit 50% of N5trn debt

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–It sends wrong signal to investors, expertBy Obas Esiedesa, AbujaPower generation companies have rejected contract offers from the Federal Government requiring them to accept 50 percent of the total sum of debt owed to them for electricity supplied to the national grid.Described as a 50 percent “haircut”, the proposed contracts were sent out to each power generation company with the exception of Az