Power Sector Loses N44.3b In February Despite Output – Guardian

Data from the Office of Vice President, Prof. Yemi Osinabajo, indicated that last month, Nigeria’s privatized power sector lost a total of N44.38 billion revenue due to constraints which included shortage of gas; grid unreliability and distribution limitations. The data obtained by The Guardian from the Advisory Power Team in Osinbajo’s office, showed that for this period, the average volume of electricity generated and distributed daily to Nigerian homes and offices was 4148 megawatts (MW) per day, while an average of 3302MW was constrained from getting to consumers by these limitations.

Coming at a time the Nigerian Electricity Regulatory Commission (NERC) approved 115 private firms to participate in procuring and installing meters to electricity consumers in Nigeria under its new scheme, the Meter Assets Provider (MAP), the industry data equally explained that the total volume of gas supplied by the Nigerian National Petroleum Corporation (NNPC) to gas power generation plants in the country for the February period was 21,521 million standard cubic feet (mmscf).

According to the data, Nigeria’s power sector attained a peak generation of about 5,375MW on February 7, 2019 – the first ever, but has not produced power up to that level since then. Egbin generated 422.64MW during the period as against its installed capacity of 1320MW, Kainji; 382.46, Jebba; 321.03MW, while ASCO and AES did not generate anything during the period. Meanwhile, the National Bureau of Statistics (NBS) has put the number of consumers with prepaid meters at 1.67m customers at the end of Q4 2018, 1.00% increase from 1.65m customers in Q3 2018.

 

 

Zola Electric Announces Expansion into Nigeria – ThisDay

ZOLA Electric, a renewable energy brand in Africa, with 200,000 installations and more than 1,000,000 daily users, has announced plan to bring clean, affordable, reliable 24-hour power to Nigeria. A statement yesterday quoted the company’s Chief Executive Officer, Mr. Bill Lenihan, to have said ZOLA’s entry into the Nigerian market was in line with the mission of the company to use distributed renewable energy solutions to make clean, affordable reliable 24- hour accessible for anyone, anywhere.

“ZOLA Electric is a power solutions pioneer that is now one of the most trusted brands in Africa’s distributed renewable energy market. “We have successfully delivered our clean, affordable and reliable power solutions across Tanzania, Rwanda, Côte d’Ivoire, and Ghana. We’re super excited to make our clean, affordable and reliable 24 power solutions available to Nigerian homes, business and organisations,” he said.

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