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 President had given a mandate to the ministry and by extension to TCN to improve its capacity to deliver service between the Gencos and the Discos. That mandate had been followed by policy approvals, power recovery programme, the grid expansion programme.”
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.
A breakdown of the payment details showed that all the Generating companies were paid within the period, while about eight out of the 10 power plants built under the National Integrated Power Projects (NIPPs) and managed by the Niger Delta Power Holding Company Ltd (NDPHC) were equally paid the value on their invoices.
“The government came up with the N701 billion intervention early last year to ensure that at least, we are able to pay for our gas because with 30 per cent, it could not have been able to pay the gas supply and then maintain our power plant.”
The cut in gas supply to the six Gencos caused a power blackout after the national grid collapsed with power generation falling from over 4,000 mega watts to 0.50Mega Watts.
The Discos have refused to take up an average of 2,784.6MW every day for distribution to their customers, thereby suggesting that the rejected volumes were produced by the Gencos, and the TCN willing to transmit them.
The N701 billion was approved for Nigerian Bulk Electricity Trading, NBET, under the Power Purchase Guarantee Funds to enable it pay for power purchased.
