Power generation seems to be on an upward trajectory as it is reported to have reached a new all time high of 4,349.7 megawatts on December 17th.
The increase in power generation is attributed to an increased capacity in the country’s national grid. The Egbin Power Plant, the Omotosho NIPP and the Chevron gas plants all contributed to the increased capacity.
“This is very exciting and cheery news,” the chairman of the Presidential Task Force on Power (PTFP), Mr. Beks Dagogo-Jack said. “To be clear, we are not surprised. We are fully focused as a team to prove to Nigerians that this government is serious about power, and in spite of all the challenges on the way, power will grow from level to level, as we progress.”
“I assure you that the best is yet to come” the chairman continued.
“Essentially in the power business, what you sell is energy, and that is what everybody uses in their homes. However, in order to be able to deliver that energy, you need to produce power over a period of time, and that is essentially the rate of energy.
“The peak of power availability can be an instantaneous occurrence; you can stay there for a second and go off it; whereas energy is constantly delivered to homes. And so it is a thing of joy that for the first time, Nigeria has hit a new energy peak of 97,749.11 megawatt hours per hour which translates into over 4,000 megawatt hours per hour,” he said.
Nigeria is widely known to be held back economically by its epileptic power supply. Improvement in the power sector could significantly jump start the nation’s economy and increase productivity.
Previously, the nation’s Power Minister, Professor Barth Nnaji was fired based on allegations of conflict of interest. It is refreshing to see continued improvements in the power sector after his departure. Many had worried that further progress would be stalled as a result of his absence.