Discos, Gas Suppliers, Deny Power Sector N108.15bn in July, August

Inadequate gas supply to the generating plants and limited distribution facilities have resulted in the cumulative loss of N108.15 billion in July and August, 2018.

A compilation based on reports obtained from the office of the Vice President, Prof. Yemi Osinbajo, showed that a total of N50,082 billion was lost in July while N58.07 billion was lost in August, 2018. Specifically, in July, it showed that the highest loss of N1.91 billion occurred on July 14, 2018, while N1.177 billion, the lowest occurred July 3, 2018.

In August, it also showed that the highest loss of N2.154 billion was recorded on August 21, 2018 while, the lowest of N1.618 was recorded on the first of the same month. Investigations showed that the loss affected the capacity of Electricity Distribution Companies, DISCOs, and Electricity Generating Companies, GENCOs, to provide stable power to consumers.

 

Source: Energy Mix Report

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