Business

Grid power drops 20% as debts hamper gas supply

Electricity generating companies (GenCos) are not turning on their full thermal plant capacity due to a drop in gas supply, and this is showing up in the decline in power generated for the grid.


For over a week, power supplied to the national grid has fallen below 4,000 megawatts (MW) with an average of 3500MW supplied across Nigeria on Monday, a development that is hampering economic activity, and national productivity, especially as subsidy removal means more homes and small businesses rely more on the grid supply.


Nigeria’s power sector has been losing on average about 20 percent of supply within the past week as debts to gas suppliers have begun to pile up following the inability of the operators to fulfill their contractual obligation.