The estimated monetary loss in Nigeria’s power sector has risen to N460.3bn in 2018, according to data obtained from the Federal Ministry of Power, Works and Housing in Abuja.
The FMPWH explained that the huge financial loss was due to insufficient gas supply, distribution and transmission infrastructure limitations as well as water reserves issue.
It was also gathered from the Nigeria Electricity System Operator that power generation wobbled persistently, as figures from the NESO showed that it fluctuated between 2,500 megawatts and 3,000MW for the most part of October and November 2018, Punch writes.
The figure however dropped to as low as 1,927.9MW on October 29, 2018, while the data from the System Operator put the country’s power generation at 3,437.1MW on November 8, 2018.
In another report, the Advisory Power Team in the Office of the Vice-President stated that on November 8, 2018, the average quantum of energy that was sent out to power users was 4,014MWhour/hour, down by 49.03MWh/h from the previous day.
The APT said 658.4MW of electricity was not generated due to unavailability of gas.
The report stated that peak average energy that was ever sent out to power users was 4,557MWH/H on February 2, 2016.
It said the peak power generation ever attained on the national grid was 5,222MW on December 18, 2017.
“Estimated amount lost to insufficient gas supply, distribution, transmission and water reserves to date in 2018 is N460, 253, 000, 000,” the report added.
Power generation has been largely unstable since the beginning of this year. The Nigerian Electricity Regulatory Commission recently stated that during the first quarter of 2018, the total electricity generated was 8,511,481MWh, two per cent less than the generation recorded in the last quarter of 2017 despite the increase in available generation units.
NERC stated that the quarterly industry’s daily generation peak of 5,047MW recorded on February 14, 2018, was also less than that of the preceding quarter.