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‘Power Grid Has Collapsed 14 Times This Year’



  • ‘Power Grid Has Collapsed 14 Times This Year’

The country’s electricity grid has already collapsed 14 times since the beginning of this year, according to documents obtained from the Transmission Company of Nigeria.

Findings showed that power generation remained unstable in the second quarter of the year, rising above 4,000 megawatts and crashing to around 2,000MW on different occasions.

The grid collapsed four times in the second quarter of the year, as against 10 times in the preceding quarter.

Industry documents obtained by our correspondent on Friday in Abuja showed that the highest rate of system collapse was recorded in January, as the grid crashed six times in the first month of 2017.

While the grid recorded 10 collapses in the first quarter of the year, the quantum of spinning reserve aimed at forestalling such occurrence was low during the period.

Spinning reserve is the generation capacity that is online but unloaded and can respond within 10 minutes to compensate for generation or transmission failure.

In January, the grid recorded a peak generation of 4,160.4MW, but witnessed six collapses, as it crashed to 10MW, 108MW, 49.2MW, 112.2MW, 147.2MW and 182.1MW on the 15th, 16th, 18th, 25th, 27th and 28th, respectively.

It collapsed three times in February and recorded a peak generation of 4,777.5MW, which currently stands as the highest quantum of electricity generation recorded in the country this year.

Grid collapses were recorded on February 1, 4 and 22, as it crashed to 143MW, 25MW and 320.5MW, respectively.

Only one collapse was recorded in March, bringing the total number of grid collapse in the first quarter to 10.

Officials at the ministries of Petroleum Resources and Power, Works and Housing attributed the reduction in grid collapse in February and March to the increase in the supply of gas to fire about 80 per cent of power generation plants across the country.

They told our correspondent that discussions between the Federal Government and militants in the Niger Delta region paid off, adding that this led to a significant drop in the spate at which pipelines were being vandalised.

The documents further showed that while the months of May and June witnessed one system collapse each, the situation occurred twice in April.

The power grid collapsed from 3,069.5MW to 108.7MW on April 9, and moved up marginally to 240MW the next day, while on April 26, it crashed to 113.6MW, down from the 3,222.5MW that was recorded the preceding day.

The system collapses in April were due to frequency constraints on the grid.

However, after about six weeks without recording a collapse, the grid eventually crashed on Tuesday, dropping from a peak of 4,141.5MW to 78.4MW following a sharp decline in frequency from 50.28 hertz to 47.00Hz.

It was learnt that the recent collapse was caused by the tripping and non-functionality of some electricity lines, a development that prompted the decline in system frequency.

Figures from the sector showed that the most recent system collapse before Tuesday’s incident occurred on May 8, 2017, when power generation crashed to 188.1MW from a peak of 4,196.1MW.

Aside the 188.1MW, the least quantum of electricity generated in May was 2,316MW, while the highest for the month was 4,553.9MW.

However, in June, power producers generated 4,451MW as the highest for the month, while the least, aside the crash to 78.4MW, was 1,996.6MW.

In its report on the most recent grid collapse, the National Control Centre of the Transmission Company of Nigeria, said, “System collapse occurred at 17:40hrs on June 27, 2017. System frequency declined sharply from 50.28Hz to 47.00Hz and this was followed by a collapse. The Benin/Omotosho 330kV line (cct B5M) CBs tripped at both ends. Also, the Omotosho/Ikeja West 330kV line (cct M5W) has been out of service on maintenance work.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Samsung, Vision Care Begin Fresh CSR Activities, Earmark 12,000 Masks for Nigeria



Samsung Heavy Industries Nigeria Limited (SHIN) and Vision Care, an international relief organization dedicated to the prevention of blindness, have launched fresh Corporate Social Responsibility (CSR) initiative to help Nigeria mitigate the impact of COVID-19 pandemic.

Vision Care is a member of the International Agency for the Prevention of Blindness (IAPB), and participant of ‘VISION 2020’, a global initiative of the IAPB and the World Health Organisation (WHO).

Vision Care has since conducted more than 25 Vision Eye Camps yearly and has grown into an international non-profit organisation serving 38 countries throughout Asia, Africa and Central-South America.

Since 2015, SHIN has worked with Vision Care in the yearly Eye Camp as part of its Corporate Social Responsibility (CSR) to provide free cataract surgeries to Nigerians who cannot afford the payment. SHIN has been sponsoring the eye surgeries of Nigerians on a yearly basis.

In 2019, SHIN sponsored the eye surgeries of at least 115 Nigerian patients and 224 outward patients as part of its CSR in Nigeria.

Since it started the programme, SHIN has sponsored the eye surgeries of 572 Nigerian patients, 1,593 outward patients and has also donated glasses to 99 patients.

Due to outbreak of the COVID-19 Pandemic, the yearly Eye Camp for 2021 had been called off to adhere to Federal Government’s measures in response to the virus.

Consequently, SHIN and Vision Care came up with a fresh CSR initiative this year to donate 496 bags of rice (25kg) and 12,000 reusable face masks to three states in the country to fulfill their commitment of contributing to the society.

The items will be delivered later this month.

The three states that will benefit from the donation are Lagos, Kano and Bayelsa states.

Out of the 496 bags of rice, and 12,000 facemasks, Lagos will receive 96 bags of rice and 200 masks.

SHIN also stated that Kano State will receive 200 bags of rice and 5,000 masks, while Bayelsa State will get 200 bags and 5,000 masks.

“This is an additional CSR activity from SHI in addition to SHIN’s donation of 5,000 COVID-19 test kits from Korea. The washable masks that the head office has purchased from Korea are certified to retain its effectiveness against COVID-19 transmission for up to 50 washes,” SHIN said in a statement.

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Senate Summons NICON, AIICO, Others Over N17.4bn Pension Remittances



pension fund

The Senate Public Accounts Committee has summoned the management of the NICON Insurance Plc, AIICO Insurance and other insurance companies over their alleged failure to remit N17.4bn pension fund to the Pension Transitional Arrangement Directorate.

The Senate hinged the summon on the 2016 report of the Auditor-General for the Federation which unraveled the alleged non-remittance of N17.4bn pension fund to PTAD.

Appearing before the panel on Monday, the Executive Secretary of PTAD, Dr Chioma Ejikeme, informed the lawmakers that PTAD took over the assets and liabilities of the defunct pension offices without a formal handing over.

She said, “On taking over, the directorate wrote all underwriters to make returns and remit whatever amount that was in their custody into a CBN dedicated account.

“Some of the underwriters responded to the request while some did not.

“The bank certificate of balances, accounting statements, three years financial statements and policy files requested by the federal auditor were not handed over to PTAD at the time of consolidation.

“It is worthy to note that we discovered that N17.4bn which comprised of cash, securities and properties from the nine insurance underwriters was unremitted as a result of the letter PTAD sent to them.

“These figures represent the claims by the underwriters with regards to their indebtedness.

“In order to ascertain the true position of legacy funds in custody of underwriters, the directorate appointed a consultant in 2018 who carried out forensic audit of nine out the 12 insurance underwriters and produced a final report on the recovery of the legacy funds and assets for PTAD.”

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Sterling Homes Plans To Reduce Housing Deficit



Sterling Homes Limited has said it is committed to working with the government through private public partnership to reduce housing deficit in all the geo-political zones in the country.

The Managing Director, Mr Kunle Adeyemi, said this during an event on the company’s rebranding organised as part of its 10th year anniversary in Lagos on Friday.

During the event, the company while expressing commitment to excellence and customer satisfaction, unveiled its new logo with colours to define its mission and objections.

We want to be present in all the six geo-political zones on Nigeria by providing affordable luxury homes, excellent torch. So for us, there is a need for us to rebrand and have a new direction and vision.

“We want to partner with the government on the present housing deficit; we want to embrace a public, private partnership with the government to reduce the deficit in every geo-political zone.”

The managing director said that one of its unique selling points was its after sales services which was top notch.

He said it ensured that its customers were taken through the journey of actualising their dreams of becoming home owners.

While noting that everyone deserved to have a comfortable home despite the economic situation, he said it had designed a structure payment plan with zero interest in some cases to help intending home owners.

He said it also had provisions for high breed options and developing areas to accommodate various income levels.

Before the end of the year, he said, Sterling Homes would be establishing new presence and projects in other regions.

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