Wednesday, Jun 26th 2019 4:39 AM

Market Digest Nigeria


Electricity generation drops to 4,114MW

Electricity generation companies in Nigeria produced 4,114 megawatts of power into the national grid on Monday, according to a daily report.

The report was compiled by the Advisory Power Team, Office of the Vice President, the News Agency of Nigeria reported. It stated that the energy generated by the companies was down by 92.47MW from the figure delivered on Sunday.

It, however, indicated that 2,793.58MW could not be generated due to unavailability of gas, adding that unavailability of transmission infrastructure also accounted for non-generation of 176MW during the period.

Similarly, it stated that 168.6MW was not generated due to high frequency resulting from the unavailability of distribution infrastructure. The report revealed that the power sector lost an estimated N1.51bn on Monday to the factors of insufficient gas supply, distribution infrastructure and transmission infrastructure.

On sector reform and activities, it said that the dominant constraint for Monday’s generation was the unavailability of gas. It said the peak generation attained on the day was 4,766MW.

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