Dropping power generation, discos and FG fighting for control An intense conflict has developed between the Discos and the government as a result of Fidelity Bank's planned acquisition of three power distribution businesses and the Federal Government's restructuring of two further companies. Through the Bureau for Public Enterprise, the Federal Government is supporting Fidelity Bank's acquisition of the three Discos. Findings reveal that Discos have continued to file new lawsuits in an effort to avoid being taken over by the government and the bank. Power sector specialists have praised and criticized both parties in response to the development, which has divided industry players. It was noted on Monday that electricity generation on the national grid fell by around 141.3 megawatts as compared to what was recorded on the system on July 9, 2022, despite the fact that industry stakeholders expressed a variety of opinions on the trend. According to data our reporter got from ...
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