Nigeria’s power generation, yesterday, rose by three percent to 4,735.1 megawatts, MW, from 4,594.6MW recorded last week.
The Nigeria Electricity System Operator, a semi-autonomous body under the Transmission Company of Nigeria, TCN, responsible for operating the transmission system disclosed this in its report obtained by Vanguard.
The report showed an improvement from an average of 4,000MW, which the nation recorded for a greater part of 2022, but over 200MW less than the federal government’s 5,000MW new target.
It also indicated that the lead generators, which contributed to the increased generation, included Shiroro Hydro, Jebba Hydro, Azura-Edo IPP, Egbin Power, Kainji Hydro, Delta Power and Odukpani NIPP.
The Federal Government had on July 1, 2022, activated a partial Power Purchase Agreement, PPA, with generation companies, GenCos, for the supply of power.
The agreement guaranteed payment for gas supplied to the GenCos by gas companies and also ensured the generation companies were paid for power supplied to the national grid.