The erratic supply of electricity to homes and business premises in the last two weeks is as a result of the drop in power generation by about 963 megawatts as a result of gas supply constraints.
The electricity generation, which was put at 3,463.40MW as of March 20, dropped to 2,500MW on Mondy.
The Board Chairman, Transmission Company of Nigeria, Mr. Ibrahim Waziri, who disclosed this to journalists on Monday on the sidelines of the investors’ conference organised by the firm in Abuja, said the worsening state of power supply in the last two weeks was as a result of the series of incidents that had bedevilled the sector lately.
He said, “Gas supply has dropped significantly in the last two weeks; in fact, it is exactly two weeks. That has resulted in reduced generation to about 2,500MW as of this (Monday) morning; we are back to square one. But we are addressing all these issues.
“Then, of course, we had accidents along the Benin-Sapele road and a lot of transmission lines collapsed due to fire incidents. These affected a very small area in that locality in terms of giving them power. But like I said earlier, these issues are being addressed.”
At the conference proper, the Minister of Power, Prof. Chinedu Nebo, said the Federal Government was in bilateral and multilateral relationships with the governments of other countries for the importation and exportation of electricity.
Nebo, who was represented by the Minister of State for Power, Mr. Mohammed Wakili, told the investors that the country needed about $8bn to boost its power transmission infrastructure in the next five years.
He said the Federal Government had signed a Memorandum of Understating with the Democratic Republic of Congo to supply electricity to Nigeria.
Nebo said, “The government of Nigeria is in bilateral and multilateral relationships at various stages of advancement with other governments for the importation and exportation of power. For example, Nigeria has signed an MoU with the Democratic Republic of Congo for the importation of electricity from the Inga Dam Power Plant for both local consumption and export to other countries.
“The Inga is envisaged to exceed 40,000 megawatts on full exploitation. The TCN network spreads to all parts of the country and across the borders to some neighbouring countries to form part of the West African Power Pool.
“With the realisation of Inga and other initiatives, Nigeria will become a regional hub in international electricity trade, exporting large swathes of internally generated as well as imported power to the WAPP countries.”