Business
Power sector loses N69.1bn in seven weeks
The Advisory Power Team (APT) at the office of the Vice President has said the nation’s power sector lost N69.1bn between January 1 and February 19 this year due to the persistent challenges in the industry.
According to data from the APT released on Wednesday, the loss in the sector was due to insufficient gas supply to power generation plants as well as inadequate distribution and transmission infrastructure.
The data showed that a total of 2,332.95 megawatts of electricity was not generated due to the unavailability of gas on February 19, 2019.
The data further showed that 32.5MW of power was not generated due to unavailability of transmission infrastructure, while 543MW was not generated due to high frequency resulting from unavailability of distribution infrastructure.
Read also: Only 12% of Nigeria’s 70m workers are on contributory pension scheme —PenCom
On the same day, 150MW of power was recorded as losses due to water management constraint.
The APT said: “The power sector lost an estimated N1.468bn on February 19, 2019 due to insufficient gas supply, distribution infrastructure and transmission infrastructure.
“The estimated amount lost to insufficient gas supply, distribution, transmission and water reserves to date in 2019 is N69,064,000,000.”
Also on February 19, 2019, the average energy sent out in the sector was 4,408MW-hour/hour, up by 3.28MWh/h from the previous day’s figure.
The APT further noted that the dominant constraint on February 19, 2019 was unavailability of gas, preventing a total of 2,332.95MW from being available on the grid, adding that peak generation attained on the same day was 5,017MW, while peak average energy ever sent out was 4,557MWH/H on February 2, 2016.
The peak generation ever attained was put at 5,375MW, which was recorded on February 7, 2019.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...