News hotlines: 08111813019, 08025868561
Email: email@example.com, firstname.lastname@example.org
Unlike previous years when power used to drop during dry season due to reduction in water levels at the dams, statistics from the Nigeria Electricity Regulatory Commission (NERC) has shown that after being unstable at 3,000 megawatts for about 10 weeks, the country’s total generated power crossed the 4,100MW mark in the last one week.
It would be recalled that Nigerian had hit the record highest peak generation of 4,358.6MW on October 16, 2016, but this was not sustained as the figure dropped below 4,000MW and had been fluctuating around 3,000MW since October 20.
However, the key hobble frustrating improved power generation was gas constraint, as figures from the sector revealed that on December 27, a total of 2,960MW of electricity was constrained as a result of gas supply hitches.
Also, the sector lost an estimated N1.64bn on December 27 this year due to diverse constraints in the industry.
Gencos and Discos traced the blame to poor power generation on the disruptions in the supply of gas to gas-fired electricity generating plants.
Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.