Friday, January 15, 2021

NNPC increases gas supply, raises power generation by 117MW

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The Nigerian National Petroleum Corporation has raised domestic gas supply to the power sector by 20 million standard cubic feet per day leading to an increase in power generation by 117 megawatts.

In its latest financial and operations report obtained in Abuja, the corporation said it supplied 727mmscfd of gas in August 2020, indicating an increase of 20mmscfd over the 707mmscfd of gas that it supplied in July.

This, based on analysis of the report led to an increase in the country’s power generation by 117MW.

Findings showed that while the 707mmscfd of gas supplied in July led to the generation of 2,421MW of electricity, the 727mmscfd gas supplied in August produced 2,538MW of power.

This came as the Nigerian Electricity Regulatory Commission announced on its website that based on the various submissions at the public hearings of power distribution companies, consumers were willing to pay a tariff commensurate to the services received from the utilities.