Power Lines |
NIGERIA has
managed to attain power generation and supply of over 4,000mw after almost one
month of sliding to less than 3,500MW.
Specifically,
as November 8, daily average energy generated in the country stood at
4,245.00MW while energy sent out was 4,165.01MW.
Also, the
country’s total daily energy generated of 101,903.66 mega watts per hours is
less than the 104,784.26 mega watts per hour recorded as at September 23.
The decrease
in power supply in the country has been attributed to the inability of the
Egbin power plant to produce up to full capacity dropping from 813mw to 660mw.
The BMI said
that the next 18 months will be an important litmus test of President Muhammadu
Buhari and his power sector reform credentials .
According to
BMI, after a slow start, signs that he is committed to ongoing reform of the
gas and power sectors are necessary if he is to attract private investment needed
to plug a huge infrastructure deficit and build momentum behind the power
privatisation process.
It noted that
there are tentative signs the gas supply to some selected power plants is
improving – with available capacity reaching a record level in July 2015 – at
4,748MW.
This, it
noted, is still less than half of installed capacity, but the uptick has been
driven by more stable gas supply to the Alaoji, Calabar and Ibom power
stations.
According to
BMI, efforts to make the grid more efficient – and transform Transmission
Company of Nigeria (TCN) into a viable entity – remain critical to any power
sector transformation. President Buhari extended Manitoba Hydro International
(MHI)’s contract to manage TCN in July 2015, although MHI has since threatened to
pull out after alleging that contracts were breached.
The Nigerian
Electricity Regulatory Commission (NERC) ‘s 6,000MW target for December 2015
may not be releasable due to the challenges facing the electricity sector.
NERC had said
that it will step up the current megawatts of electricity generation to 6000 by
December, 2015.
Nigeria’s
president, Mohammadu Buhari said recently that despite the tremendous
improvements recorded in the power sector, generally, there is still a
substantial power deficit both in generating, transmitting and distributing
adequate power to meet the actual needs of the country. Although the challenges
in the power sector are enormous, the opportunities are overwhelming. As a
result, Government is doing everything possible to attract massive investment
in the power sector to ensure regular and steady electricity supply for a
viable and sustainable development.
He noted that
the performance of the power sector therefore is crucial and critical to the
survival of the industrial sector and the growth of Small and Medium
Enterprises (SMEs) which serves as the bedrock for the development of any
society.
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