Business: Power supply drops by 725MW in 24 hours

Written by: Femi Asu and Okechukwu Nnodim

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Power supply to households and businesses across the country plunged by 724.98 megawatts in 24 hours to 3,107.31MW on Wednesday, down from 3,832.29MW on Tuesday.

The electricity generated on Wednesday dropped to 3,175.92MW from 3,914.74MW the previous day, according to data obtained from the Presidential Task Force on Power and the Federal Ministry of Power on Thursday.

Following Wednesday’s drop, the national grid has lost 1,707.98MW in the last 24 days.

The PUNCH had on Tuesday reported that the nation lost 1,153.66MW of power in 20 days, worsening the load shedding arrangement that electricity distribution companies have been subjecting consumers to.
The electricity generated on Sunday, December 13, stood at 3,730.24MW, down from a peak of 4,883.90MW achieved on November 23, according to data from the Federal Ministry of Power.

Following the dip in generation, power supply to households and businesses across the country dropped to 3,651.82MW on December 13 from 3,920.07MW on December 8, when the generation stood at 4,008MW.

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, had recently said subject to budgetary provisions, the ministry would build some critical infrastructure to transport gas to the power plants in order to add 2,000MW to the country’s stock of electricity in the next 12 to15 months.

Meanwhile, the Nigerian Electricity Regulatory Commission has licensed eight companies to generate 1,648.25MW of electricity.

According to NERC, the licences were issued at its headquarter in Abuja on Wednesday.

It said the licences were a mixture of on-grid, off-grid, embedded generation and electricity distribution.

The commission, in a statement on Thursday, said, “One of the licensees, Ossiomo Offistes and Utilities/Ossiomo Power and Infrastructure, based in Edo State, will engage in electricity distribution and in embedded generation of 55MW gas power electricity.”



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