Power sector posts N243bn capacity loss in 10 months
The Nigerian power industry recorded a generation capacity loss of N243 billion between January and October 2020, figures from the October 2020 electricity generation statistics issued on Sunday by the Association of Power Generation Companies (APGC) showed.
APGC, which is the umbrella body of GenCos, noted that the key challenge confronting electricity power generation sub-sector is load rejection by distribution companies.
According to the data, the current available generation capacity is 7,739 megawatts (mw) while stranded generation is 3,578mw.
Read also: Foreign consortium eyes $5bn investment in power sector
“Maximum Generation: 4,532.35MW (29th October). Minimum Generation: 3,618.58MW (7th October). Maximum stranded generation was recorded on 6th October where stranded power totaled 4,401.5MW (Gas: 1,717.5 and DisCos Low load demand: 2,684MW),” the document read.
“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,” the statement said.
The Transmission Company of Nigeria on Thursday declared the power sector recorded an all-time peak generation of 5,459mw, a figure which was bettered on Saturday at 5,520.40mw.
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.
A tale of Kwara public school where pupils learn under the tree without chalkboards
“You cannot make people learn. You can only provide the right conditions for learning to happen.” – Vince Gowmon But...
SPECIAL REPORT: Indiscriminate waste dumps, open defecation pose threat of epidemic in Kwara as govt slow to act
Forty three-year-old Bilikis Abdulrahman covered her pineapple fruit she is selling inside a white bucket container. This, she does to...
SPECIAL REPORT: Women displaced by conflict in North-Central Nigeria become farm helps to survive
Displaced women finding refuge in Abagena camp for Internally Displaced Persons (IDP) camp in Makurdi, Benue State have resorted to...
FEATURE: Kwara residents cry out for help as rainstorm devastates their homes
Phillip Moffitt, an American author, said: “the house is a home when it shelters the body and comforts the soul”,...
SPECIAL REPORT: Small businesses suffer, as govts fail to end sit-at-home in Nigeria’s South-East
It is a Thursday afternoon in December 2022 and the sun is scorching inside the popular Ogbete Market in Enugu...