She also noted that whenever there is a system collapse, the number of Start and Stops of those machines increased the machines and turbines’ Equivalent Operating Hours (EOH), triggering more maintenance costs.
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The fire incident caused a national grid failure recorded on January 2nd, 2018. Although the fire incident has been handled and normalcy restored, the country’s generation figures has still not sufficiently risen to the range of what was experienced during December 2017.
The System Operator (OS) has reported that an average of 1,000 megawatts (mw) is rejected daily by the Discos.
Oscarline Onwuemenyi 05 September 2017, Sweetcrude, Abuja – The Executive Secretary, Association of Power Generation Companies (APGC), Dr. Joy Ogaji,…
Although, the Central Bank of Nigeria (CBN) provided a N701 billion facility, to assist NBET in meeting its payment obligations from the generation invoices to ease the liquidity challenges, the Gencos are yet to get full payment of all the outstanding debts.
The eligible customer directive is yet to commence as she said the Nigerian Electricity Regulatory Commission (NERC) is working on the framework that that will address registration process, tariff setting among others.
He noted that foreign exchange (forex) challenge also remains a major bottleneck for power investors as a result fluctuating exchange rates, which was less than N200 to a dollar when the power assets were bought, and currently above N350.
31 October 2016, Lagos – Despite being aware of criticisms against their performance post-privatisation, operators in the power industry have…