Power Sector Loss Hits N187bn In 6 Months

The nation’s electricity sector has recorded a N187 billion loss due to inadequate gas, poor distribution and transmission and water reserves constraints.

Concise News gathered that the losses were made between December, 2017 and May, 2018 and has affected the generation, transmission and distribution of electricity.

“The dominant constraint on May 26, 2018 remained unavailability of gas – constraining a total of 2,232.4MW from being available on the grid,” a report, obtained by Vanguard from the Office of the Vice President, stated.

“Estimated amount lost to insufficient gas supply, distribution, transmission & water reserves to date in 2018 – N187,197,000,000 (One Hundred and Eighty Seven Billion One Hundred and Ninety Seven Million Naira only).”

The report added that, “On May 26, 2018, average power sent out was 3,429MWh/hour (down by 728.3MWh/h from the previous day). 2,432.4MW was not generated due to unavailability of gas.

“193MW was not generated due to unavailability of transmission infrastructure, while 610MW was not generated due to high frequency resulting from unavailability of distribution infrastructure. 190MW was recorded as losses due to water management.

“The power sector lost an estimated N1, 644,000,000 (One Billion Six Hundred and Forty Four Million Naira) on May 26, 2018 due to insufficient gas supply, distribution infrastructure and transmission infrastructure.”