Egbin, nine other power plants suffer gas shortage

The nation’s biggest power plant, Egbin, and nine other plants have seen their output drop on the back of gas shortage, with generation dropping below 3,000 megawatts.

Total power generation in the country stood at 2,995.2MW as of 6am on Friday, from 3,613.3MW the previous day, according to the Nigerian Electricity System Operator.

The government-owned NBET buys electricity in bulk from Gencos through Power Purchase Agreements and sells through vesting contracts to the distribution companies, which then supply it to the consumers. The Managing Director/Chief Executive Officer of ND Western Limited, Mr Eberechukwu Oji, told our correspondent recently that in any given year, the company was paid for only about 35 per cent of the gas it produced and sold, especially to the power companies.

According to Nigerian Electricity Regulatory Commission, the financial viability of the Nigerian electricity supply industry is still a major challenge threatening its sustainability.

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