Power generation costs increased by 83% in 11 months – Report

The cost to generate a unit of electricity per kilowatt-hour in Nigeria has increased from N63.8 in January to N117.27 in November 2024, findings by Saturday PUNCH have shown. This substantial increase which amounted to an additional N53.47 per kilowatt-hour over 11 months, and 83.8 per cent rise, has been primarily driven by the depreciation

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