The Chairman, Board Of Directors of Mainstream Energy Solutions Limited (MESL), Colonel Sani Bello (Rtd), said his company has lost over N17billion due to ramp down of en­ergy put on the national grid which was not taken by National Control Centre (NCC), since privatisation.

The National Control Centre (NCC), is responsible for all Trans­mission Company of Nigeria (TCN) Grid Operations, Monitoring and Control within the Transmission net­work and supervises all the Regional Control Centres in the grid network.

Colonel Bello also said the Feder­al Government reneged on most of its promises made during privatisa­tion including 100 percent payment for capacity of energy generated and payment for invoices within 45 days.

Bello lamented that even though Nigeria generates the cheapest en­ergy, the NCC does not dispatched some of the energy generated by his company to the national grid.

“We have the machines running and the NCC said we should ramp down on it. Since they could not take all the 922MW, it means we are losing money and Nigeria is losing cheap energy. Being the cheapest and knowing that we put enough power on the grid, we should be dispatched, but we don’t control the NCC.

“Today we have lost over N17bn due to ramp down of energy we put on the national grid which was not taken since the time we took over. We have the machines running and the NCC said we should ramp down on it. Since they could not take all the 922MW, it means we are losing mon­ey and Nigeria is losing cheap ener­gy. Being the cheapest and knowing that we put enough power on the grid, we should be dispatched, but we don’t control the NCC.

“It is true we generate the cheap­est energy, but we are not respon­sible for dispatching energy to the national grid from our plants, the National Control Centre (NCC) of the Transmission Company of Nigeria (TCN) does this. Of the 922MW which we have the capac­ity today to put on the grid, we hardly ever at any given time put more than 650MW on the grid. Ev­ery day, we have stranded capacity of over 300MW and that means we have stranded capacity that cannot be put on the grid and utilised by customers so we are losing money every day and in a month, it is over N2 billion”.

 

Source: Independent

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