Lagos — Nigeria’s struggling power sector has recorded a loss of N1.9 billion in just one day.
According to Electricity Generation Companies, GenCos, the shortfall was due to insufficient gas supply, distribution and transmission infrastructure.
The GenCos had on Friday, said they had due to the constraint, released an average of 3,857 megawatt-hour of electricity into the national grid on Thursday-almost 2000MW short of the expected 5000MW.
The update contained in a daily Energy Report by the Advisory Power Team, Office of the Vice President, said the shortfall had led to the loss of an estimated over N1.9 billion on Thursday.
Statistics provided by the group showed that electricity sent out was up by 2.6MW.
It, however, said 2,144.50 megawatts could not be generated due to unavailability of gas.
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The report said zero megawatt was also not generated due to unavailability of transmission infrastructure during the period.
Similarly, it said 1,719 megawatts was not generated due to high frequency resulting from unavailability of distribution infrastructure.
According to the report, zero megawatt was recorded as losses due to water management procedures.
On sector reform and activities, it said the dominant constraint for Thursday was unavailability of gas.
Peak generation attained same day was 4,397 megawatts.
Nigeria currently generates 7000MW however, 2000MW is stranded due to low transmission capacity.
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