Business

Nigeria hits zero megawatt electricity

Nigeria hits zero megawatt electricity

Nigerians who thought the nation’s power supply would improve soon may have to do a rethink as there was a total collapse on Thursday with the system recording a total of zero megawatt of electricity supply.

This is even as the Minister of Works, Power and Housing, Babatunde Fashola, reiterated an earlier projection by the president that 10,000 megawatts of electricity generation target set by the  present administration would be attained by the end of 2019.

With the system collapse yesterday, which took place at about noon, and the cause of which is yet to be ascertained, all Distribution Companies (Discos) received zero megawatts allocation from the system operator, the Transmission Company of Nigeria, TCN.

Before the systems collapse, allocation to Abuja Electricity Distribution Company, AEDC, earlier in the day stood at 257.97mm, a far cry from what it used to get.

Read also: Foreign exchange reserves rise to $27.87bn in March -CBN

Fashola, speaking at the signing of an agreement in Abuja between Geometric Power, Aba, and Enugu Electricity Generation Company, EEDC, again attributed the shortage of electricity supply in the country to the act of vandals.

The signing of the MoU marked the successful settlement of the rift between Geometric Power and operators of Enugu Distribution Company (Disco) that stalled the take-off of the 140MW Aba Power plant in Abia State since 2014.

Fashola said the resolution had shown that within one Disco, there could be two or more players.

He said the deal would ensure that the over $500million investment was safe, while about 200mw would be delivered first to Aba industrial zone and to the national grid

 

RipplesNigeria …without borders, without fears

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Join the conversation

Opinions

About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Do NOT follow this link or you will be banned from the site!