Power sector loses N1.9 billion over insufficient gas supply, infrastructure

The National Council on Privatisation (NCP) on Tuesday declared Transcorp Power Consortium as the winner of the financial bid for the privatisation of Afam Power Plc.

Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, on Friday said they released an average of 3,857 megawatt-hour of electricity into the national grid on Thursday.

This is contained in a daily Energy Report by the Advisory Power Team, Office of the Vice President, and made available in Abuja on Friday.

The report revealed however that the power sector lost an estimated over N1.9 billion on Thursday due to insufficient gas supply, distribution and transmission infrastructure.

It said the electricity sent out by the GenCos was up by 2.6 megawatt from the figure released.

It, however, said 2,144.50 megawatts could not be generated due to unavailability of gas.

The report said zero megawatt was also not generated due to unavailability of transmission infrastructure during the period.

Similarly, it said 1,719 megawatts was not generated due to high frequency resulting from unavailability of distribution infrastructure.

According to the report, zero megawatt was recorded as losses due to water management procedures.

On sector reform and activities, it said the dominant constraint for Thursday was unavailability of gas.

The report said the peak generation attained on Thursday was 4,397 megawatts.


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