Economy

Power Generation Once Again Plunged to 3,456MW

  • Power Generation Once Again Plunged to 3,456MW

Nigeria’s unstable power generation continued to fluctuate in February.

Power generation plunged from 4,564.60MW on February 19 to 3,456MW on February 24, a day after presidential and national assembly elections.

The Nigeria Electricity System Operator, an arm of the Transmission Company of Nigeria, revealed that national installed power generation capacity stood at 12,910.40MW; available capacity 7,652.60MW; transmission wheeling capacity 8,100MW; and the peak generation ever attained 5,375MW.

Nigeria generates most of its electricity from gas-fired plants, while hydropower plants contribute about 30 per cent.

The Executive Secretary, Association of Power Generation Companies, the umbrella body for the Gencos, Dr Joy Ogaji, attributed the fluctuation to transmission and distribution.

She said, “Specifically, generation companies are pinned down by some operational impediments. The frequency of instructions to either increase load or decrease load (ramp up and ramp down) and, in some cases, shut down, has induced damaging stresses to the components of the machines.”

“These instructions, reflective of the grid behaviour, are subjecting key electrical components of the power plants to operational stresses. Our available generation has always been steady between 7,500MW and 8,000MW; you can check the records at the National Control Centre, Osogbo.”

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

US to Exit WHO as Trump Cites ‘Unfair Payments’ and Criticizes Leadership

President Donald Trump has signed an executive order directing the United States to withdraw from…

13 minutes ago

Nigerian Firms, CEO Barred from World Bank Projects for Fraudulent Activities

The World Bank Group has announced the 30-month debarment of two Nigeria-based companies, Viva Atlantic…

3 hours ago

Keyamo Inaugurates $10 Million XeJet Project at Nnamdi Azikiwe Airport

The Minister of Aviation and Aerospace Development, Festus Keyamo, has officially flagged off the construction…

4 hours ago

Fresh Accusations Emerge in AMCON-Arik Air N455 Billion Debt Dispute

The longstanding financial dispute between the Asset Management Corporation of Nigeria (AMCON) and Arik Air…

4 hours ago

Oando, 31 Others Lift NGX Market Capitalisation to N62.861 Trillion

The Nigerian Exchange Limited (NGX) began the trading week on a positive note as shares…

4 hours ago

$TRUMP Token Soars to $74 Before Dropping to $33 Amid Volatile Trading

The $TRUMP token, a cryptocurrency linked to 47th U.S. President Donald Trump, experienced dramatic price…

5 hours ago