License renewal anxiety grips GenCos, DisCos as FG reviews performance decade after

  • Ten years after receiving a license to operate, GenCos and DisCos will know their fate in the coming weeks
  • The operators whose licenses will expire this month will be adjudged by their performances in the last decade
  • According to industry sources, their performances will determine if their licenses will be renewed

As October nears its close, a sense of apprehension has overtaken the management and staff of Generation Companies (GenCos) and Distribution Companies (DisCos).

This is because of the imminent review of operational licenses granted to GenCos and DisCos a decade ago by the federal government.