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Market Digest Nigeria

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Operators of Kainji, Jebba Stations intends to sell Electricity to Burkina Faso

Operators

The Operators of Kainji and Jebba Hyro Power Stations, Mainstream Energy Solutions Limited, has announced that they intend to sell Electricity to Burkina Faso.

The Managing Director/Chief Executive Officer, Mainstream Energy Solutions Limited, Mr Lamu Audu, said this yesterday at the Price Waterhouse Cooper’s (PwC) Annual Power and Utilities Roundtable that held in Lagos.

Mainstream Energy Solutions Limited, which was incorporated and licensed as a power generating company in 2011, acquired Kainji and Jebba power plants through a concession agreement in November 2013 following the privatisation of the power sector.

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Audu, who spoke during a panel session at the event, laments about the unharnessed energy generated by the stations by the electricity distribution companies (DisCos), he said the company was left with no choice but to find buyers for the rejected power generated.

Out of the two 922 megawatts (MW) generated on his network, only 600 to 650MW is taken by the DisCos in Nigeria, he lamented, adding that the development was affecting the establishment’s quest for funds to expand capacity.

Asked when Nigerians would be able to enjoy uninterrupted power supply, Audu said, “I am complaining that I have energy that cannot be utilised. And some of us are actually looking beyond the borders of Nigeria to sell our power if the Nigerian market cannot take it because we have to remain in business.

“Investments have been made, and that is why we are looking into the West African market. Honestly, we are already talking to Burkina Faso; they approached us and we are willing to have deals with them to sell power to them. They are willing to buy.”

He described the Nigerian power situation as “so complex,” saying it would take about 20 years for the country to achieve uninterrupted power supply to everybody.

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