Electricity Getting Better Hits 4,009MW

The Nigerian Electricity Supply Industry (NESI), on Tuesday, January 3, disclosed that over N534 billion of revenue was lost by the power sector in 2016.

The Transmission Company of Nigeria (TCN) yesterday, January 4 wheeled out about 4,009 megawatts of generated electricity to 11 distribution companies, Vanguard reports.

Daily power statistics from Nigerian Electricity System Operator, a section of the TCN, shows that power generation gradually improved during the last Christmas season with a peak generation of 4,208.3 megawatts from the national grid, with a record of 3,366 megawatts as its lowest within the same period.

Among the reasons for the loss were:

1. Shortages in gas supply

2. Frequency and line limitations

3. Water levels management constraints and

4. Gas level constraints

NESI also put the average daily revenue loss at N1.5 billion.

According to the report, the sector is finding it difficult to access more loans from Nigerian banks due to their inability to meet the payment obligations for previous borrowings.

The situation will also affect the capacity of the power firms to improve on electricity supply to consumers for domestic and industrial uses.

In a related development, NESI recently disclosed that about 12 power stations could not produce electricity during off-peak period during the holidays including on Christmas day.