Saturday, December 5, 2020

Power operators lose N1.25bn as generation sheds 62.96MW



Operators in the power sector have lost N1.25bn, while power generation dropped by 62.96 megawatts in one day.

The Advisory Power Team, Office of the Vice President, in its latest report on the power sector said the financial loss and drop in power generation were caused by several constraints in the industry, which led to the situation that played out on November 11.

It named the constraints to include gas supply challenges, distribution network issues, as well as transmission bottlenecks.

The Federal Government has always announced that measures are being put in place to address the electricity challenges in Nigeria.

This came as the Minister of State for Power, Goddy Jedy-Agba, announced that the inauguration of the 100 kilowatts solar hybrid mini grid in Eka Awoke in Ikwo Local Government Area of Ebonyi State had attracted investments like the siting of a rice milling plant in the community.