An interesting occurrence was noticed, according to TCN records. The Transmission Company of Nigeria (TCN) showed that the highest peak generation in July was reached last Friday when a peak of 4,223mw was generated but in the same day, the peak generation dropped to 3,089mw. The federal government said it rolled out N701 billion payment plan for the Nigerian Bulk Electricity Trading Plc (NBET) to facilitate payment for gas by the Generation Companies (GenCos) to improve power generation. A decision that we at Spark media think might not be the wisest, However, Engr. Louis Edozien (secretary to the minister of power) has assured that payments for power generated in January 2017 had been paid, that of February payment approved, and that the process for March and April was on-going so the GenCos can get more gas.
As regards current power generation, we still haven’t exceeded 4,000mw in the last three months and power generation report for last Tuesday showed that 2,413mw of electricity was not utilised in the power industry largely due to gas constraints, DisCos’ feeder issues, and transmission deficiency.
Load rejection has also contributed to this as seven GenCos lost 1,264mw capacity because they had no gas to operate their 11 turbines; 35mw was lost to transmission constraint at Ibom Power, affecting one turbine.