Nigeria’s power sector records N243bn loss in 10 months

*Association of Power Generation Companies reveals the major challenge facing the electricity generation sub-sector is the load rejection by electricity distribution companies (DisCos)

Isola Moses | ConsumerConnect

The all-important power sector of the Nigerian economy has recorded a generation capacity loss of N243 billion from January to October 2020.

Association of Power Generation Companies (APGC), the umbrella body of all the electricity Generation Companies (GenCos), disclosed this in the October 2020 electricity generation statistics released Sunday, November 1.

ConsumerConnect reports the statistics revealed the major challenge facing the electricity generation sub-sector of the economy is the load rejection by the 11 electricity distribution companies (DisCos).

The data estimated the current available generation capacity at 7,739 megawatts (MW), while stranded generation is 3,578MW.

The document stated that Maximum Generation was 4,532.35MW (29th October), while the Minimum Generation was 3,618.58MW as of 7th October.

It showed the maximum stranded generation was recorded on 6th October where stranded power totalled 4,401.5MW (Gas: 1,717.5 and DisCos Low load demand: 2,684MW).”

“Average generation for October 2020 of 4,162MW represents the maximum monthly generation in the year 2020.

“Of the total constraint recorded, gas constraint accounted for 47.5%, while load rejection by DisCos accounted for 52.5%.

“Total Capacity Loss from January to October 2020: N243.82 Billion”

Recall that the Transmission Company of Nigeria (TCN) Thursday, October 29, 2020, had announced the power sector recorded an all-time national peak of 5,459.50 megawatts (MW).

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