Despite the N700 billion and another N600 billion intervention fund to ameliorate the liquidity crisis plaguing the power sector, it is still in murky waters. Along the power value chain we find that gas Generating Companies (GenCos) are unable to pay their suppliers and are currently facing liquidation threats as a result of huge indebtedness …
For a population of about 200 million, Nigeria needs 180,000MW of power, but generates 4,500MW. The transmission company (TCN), which evacuates generated power to distribution companies, has a transmission capacity of 8,100MW, but can evacuate only about half of the current installed capacity. The TCN is the weakest link in the electricity network. As a …
Since the commencement of Power Sector Reforms in 2005, the Distribution Companies (DisCos) have been unable to satisfactorily meet stakeholders’ expectations in the provision of reliable electricity services to all customers within their coverage areas. DisCos have had little or limited expansion of their networks as such unable to satisfactorily supply electricity to consumers who are connected …
In Nigeria, about 60% to 70% of the Nigerian Population have no access to electricity. This persistent power crisis necessitated the government’s interest in alternative energy sources. As a result, the Nigerian government initiated designs to promote investments in renewable energy. Over the years, there have therefore been directional policies on renewable energy, namely: National …
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