Osinbajo: Nigeria Power Sector Lost N300bn In Seven Months

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Yemi Osibajo

Vice President Yemi Osinbajo has said that Nigeria lost N300 billion due to insufficient gas supply, distribution and transmission infrastructure in the first seven months of the year

A report from his office stated that “estimated amount lost to insufficient gas supply, distribution, transmission and water reserves to date in 2018 is N300 billion.”

It noted that the peak average power to date, stands at 4,557 megawatts hour per hour (MWH/H), which was achieved on the second of February 2016, while the peak generation to date, obtained 18 December, 2017, is 5,222mw.

The report noted that “on August 6 2018, average power sent out was 3,753MWh/h (up by 54.31MWh/h from the previous day). 2,231MW was not generated due to unavailability of gas.

It added that on August 6,“64.4MW was not generated due to unavailability of transmission infrastructure, while 1,261.5MW was not generated due to high frequency resulting from unavailability of distribution infrastructure, while 0MW was recorded as losses due to water management.”

SOURCE: INDEPENDENT

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