Power Industry Loses Over N69bn in Two Months

• Power Industry Loses Over N69bn in Two Months

Nigeria’s power sector lost a total of N69.1 billion between January and February of this year as challenges impeding the industry continues.

According to the data from the Advisory Power Team, insufficient gas supply to power generation plants and inadequate distribution and transmission infrastructure are some of the factors responsible for the loss.

Checks revealed that on February 19, 2019, a total of 2,332.95 megawatts of electricity was not generated due to unavailability of gas.

Again, 32.5MW of power was not generated because of inadequate transmission infrastructure, while another 543MW was not generated due to high frequency resulting from unavailability of distribution infrastructure.

The APT said, “The power sector lost an estimated N1.468bn on February 19, 2019 due to insufficient gas supply, distribution infrastructure and transmission infrastructure.”

“The estimated amount lost to insufficient gas supply, distribution, transmission and water reserves to date in 2019 is N69,064,000,000.”

Still, the average energy distributed on February 19 was 4,408MW-hour/hour, up by 3.28MWh/h from what was transmitted on February 18.

The APT attributed the challenges faced on February 19, 2019 to insufficient gas that prevent a total of 2,332.95MW from being available on the grid.