Power Sector Loses $2bn Daily As Turbines Continue To Pack Up

The power sector has reportedly been losing an average of N2bn daily since the resurgence of pipeline bombings by militants in the Niger Delta, latest electricity supply statistics have shown.

This is coming as the number of functional gas-fired power generating turbines across the country has dropped from 50 that were operational in April to about 30 as of the end of last week.

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Recall last month, the Minister of Power, Works and Housing, Babatunde Fashola, had stated that out of about 140 power generating turbines in the country, only 50 were functional, adding that the facilities were not working because there was no gas to fire them up.

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“The power being generated comes from only about 78 turbines out of 140, and they are largely fired by gas. Now, power has gone down because we have gas outage due to the failure of pipelines. And as a result of that, 78 turbines dropped to may be about 50 because there was no gas,” Fashola had said.

Confirming the minister’s position on lack of gas for the power generating plants, latest data on the industry obtained on Monday showed that the country lost 3,748 megawatts of electricity due to gas constraints on Saturday.

Nigeria could not generate 92MW and 127MW of electricity due to line and water management constraints, respectively, while only 2,461MW hour of energy was sent out.

“The power sector lost the equivalent of N1.904bn on May 28, 2016 due to constraints,” the report stated.

An analysis of statistics showed that on the average, the power sector has been losing about N2bn daily as a result of constraints to electricity generation, while the major challenge, according to the report, is inadequate gas supply.

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Daniel Enisan is a content writer at edliner.com. With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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