Nigeria loses N1.12bn daily to non-availability of gas—Report

N IGERIA may have lost N1,121,000,000 on January 14, 2018, due to insufficient gas supply to generate power, according to the Spectator Index.

According to the report, “On January 14, 2018, average power sent out was 3,851MWh/hour (down by 169MWh/h from the previous day). 1437.9MW was not generated due to unavailability of gas.

“0MW was not generated due to unavailability of line infrastructure, while 680.5MW was not generated due to high frequency resulting from the unavailability of distribution infrastructure. 290MW was not generated due to unavailability of water.

“The power sector lost an estimated N1,121,000,000 on January 14, 2018, due to insufficient gas supply, distribution infrastructure, transmission infrastructure and water reserves.”

The report also ranked Nigeria as the second worst nation in power supply and the worst in Africa, as power drops to 3,851 MW.

In the report released, out of the 137 countries examined in the report, Yemen ranked as worst electricity supply nation in 2017, followed by Nigeria, Haiti, Lebanon, and Malawi, in that order.

Ethiopia occupied the 37th position, while South Africa and Algeria occupied the 41st and 45th positions respectively. Meanwhile, the Advisory Power Team report showed that the national grid capacity stood at 4,000 MW.

The report noted that the average power sent out by the Electricity Generating Companies on January 14 stood at 3, 851.06MW, down by 168.58MW recorded the previous day, adding that the peak generation averaged 4,425MW, down by 5.5 per cent.

Consequently, a total of 63.1MW of energy was sent out from Omoku thermal power plant with a constraint of 16MW.

Alaoji National Independent Power Plant had a constraint of 240MW, which affected the ability of the plant to generate commercial energy.

Energy sent out from Delta Power Plant on the same day was 340.76MW with a high-frequency constraint of 100 Hertz.

Jebba plant sent out 302.88MW of energy, while Shiroro had a water constraint of 290MW, along with high-frequency constraint of 95 Hz, limiting the sent out energy to 160.31MW while Kainji dam sent out 359.49MW of power to the Transmission Company of Nigeria (TCN).

Vitol Agrees $530 Mln Oilfield Deal With Nigeria’s Shoreline

David Olagunju

Recent Posts

Simplifying claims payment by insurers in Nigeria

In a frantic pace to expedite action on claims settlement, the Nigerian insurance industry is…

5 minutes ago

CBN: Tackling FX speculations, narrowing exchange rate disparities

  The Central Bank of Nigeria (CBN), deploying various reform measures, has curtailed the once-wide…

1 hour ago

As an Entrepreneur: The Vision of Value

  Entrepreneurship is essentially about problem solving through creative thinking. Creativity is thinking outside of…

2 hours ago

CEO Test

  The CEO is the highest ranking officer of an organisation. There was a time…

2 hours ago

AfDB unveils new $2.95bn five year strategy for Nigeria

THE African Development Bank (AfDB) has launched a new five-year Country Strategy Paper (CSP) for…

2 hours ago

After 18 years of neglect, Oyebanji completes Ado-Ifaki highway

      Many residents of Ekiti State are now gushing with indescribable joy over…

2 hours ago

Welcome

Install

This website uses cookies.