NIGERIAN STILL IN DARKNESS DESPITE NERC 2,000MW POWER PROJECT APPROVAL

It is well over a year since Nigerian Electricity Regulatory Commission (NERC) granted approval for a 2000mw power project but still Nigeria are having Electricity challanges.

According to NERC’s analysis of data released, it showed that between the four quarters spanning June 2020 to June 2021, the industry regulator granted the approvals, which cover both grid and off-grid power as well as renewable sources of energy.

The review shows that some of the companies requested and were granted permits to generate their own electricity operate in the petrochemicals space, mining, footwear and foods industry.

Such companies includes Obax Benin Power and Petrochemicals Company, Afam Three Fast Power, Central Electric and Utilities in Ogun, Proton Energy in Delta state as well as Enerlog in Abuja as well as Alausa power limited, Lagos with Afam power plc collecting the Lion share with 726MW expected power generation.

WHY ARE NIGERIANS STILL HAVING LIGHT CHALLENGES?

Currently, the country generate approximately 4,500MW plus this  2,000MW will had added much needed watts to the nation. This will significantly improve the nation power distribution across the nation, but sadly that has not happened.

This development will make people to wonder why the project was not succesful as no information or publication was not released. The only information that was released was that the transmission for the on-grid supply system remains a problem due to deteriorating infrastructure.

The sector is currently have serious issues which is resulting in a low turnout investors. As many investors are hesitant to venture into the sector as a result of risks associated with it, including “low” tariffs and incessant government interferences.

At its peak, Nigeria’s power sector is only able to generate just about 15% of the total projected national daily requirement of 28.880MW which is sadly very poor.

SOURCE: This Day