Nigeria’s power sector loses N460.3bn in 2018 as generation drops

The estimated monetary loss in Nigeria’s power sector has risen to N460.3bn in 2018 alone. The data obtained from the Federal Ministry of Power, Works and Housing in Abuja on Friday showed that between January 1 and November 8, 2018, the sector lost N460.253bn. The FMPWH explained that the huge financial loss was due to insufficient gas supply, distribution and transmission infrastructure limitations as well as water reserves issue.

It was also gathered from the Nigeria Electricity System Operator that power generation wobbled persistently, as figures from the NESO showed that it fluctuated between 2,500 megawatts and 3,000MW for the most part of October and November 2018. It, however, dropped to as low as 1,927.9MW on October 29, 2018, while the data from the System Operator put the country’s power generation at 3,437.1MW on November 8, 2018.

The SO said peak power generation attained on November 8, 2018, was 4,964MW. In another report, the Advisory Power Team in the Office of the Vice-President stated that on November 8, 2018, the average quantum of energy that was sent out to power users was 4,014MWhour/hour, down by 49.03MWh/h from the previous day. The APT said 658.4MW of electricity was not generated due to unavailability of gas.

Source: The Punch

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