Amid shortfalls in power supply, the power sector last week experienced cumulative revenue losses amounting to N7.603 billion, The Guardian reports.
The revenue losses witnessed within six days between June 18 and 23rd, were attributed to constraints in gas supply as well as transmission and distribution lines failures, high frequency and frequency management constraints, according to the Nigeria Electricity Supply Industry (NESI) statistics. The statistics were obtained from the Presidential Advisory Power Team (PAPT), presided by the Acting President, Prof. Yemi Osinbajo.
The implications of the gas constraints include shortage of gas for the Generation Companies (GenCos) to power the turbines and consequent under utilisation of GenCos capacity. Furthermore, due to lines constrains, available power generated cannot be completely evacuated by the Transmission Company of Nigeria (TCN), while the transmitted megawatts cannot be distributed by the Distribution Companies (DisCos) to the end users.