RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home News

Electricity generation drops to 3,231MW

Rate Captain by Rate Captain
April 25, 2019
in News
Reading Time: 1 min read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The nation’s power generation fell to 3,231 megawatts on Wednesday, more than a week after the latest system collapse.

Data from the Nigeria Electricity System Operator, an arm of the Transmission Company of Nigeria, showed that generation stood at 4,338.9MW as of 6.00 am on April 20.

AlsoRead

Canada Names Eight Firms That Can Hire Nigerians Without LMIA 

US Makes Visa Bond of Up to $20,000 Permanent, Keeps Nigeria on Restricted List

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

The national grid collapsed on Tuesday last week, bringing the number of system collapses recorded so far this year to six.

The system operator put the nation’s installed generation capacity at 12,910.40MW; available capacity at 7,652.60MW; transmission wheeling capacity at 8,100MW; and the peak generation ever attained at 5,375MW.

The nation generates most of its electricity from gas-fired power plants, while output from hydropower plants makes up about 30 per cent of the total.

In February, the TCN announced that the national grid successfully transmitted a new power generation peak of 5,375MW on February 7, 2019, at 9 pm.

It said it was the first time that the grid had generated, transmitted and distributed such quantum of power, describing it as evidence of the success of the government’s policy on incremental power.

The TCN, which manages the national grid, is still fully owned and operated by the government.

The grid has continued to suffer system collapse over the years amid a lack of spinning reserve that is meant to forestall such occurrences.

Spinning reserve is the generation capacity that is online but unloaded and that can respond within 10 minutes to compensate for generation or transmission outages.

Out of the five power stations meant to provide spinning reserves, none has any actual reserve, with the contracted reserve put at 295 megawatts.

The power stations are Egbin, Delta, Olorunsogo NIPP, Geregu NIPP and Omotosho NIPP.

Tags: The Punch
Previous Post

NNPC to grow reserves by 40b barrels reserve

Next Post

Maritime Stakeholders Urge FG to Implement Zero Tax for Ship Acquisition

Related News

10,180 Nigerians Immigrates to Canada Within H1 2023, IRCC Data Reveals

Canada Names Eight Firms That Can Hire Nigerians Without LMIA 

by Victoria Attah
August 5, 2026
0

Canada has designated eight high-growth companies authorised to hire eligible foreign professionals, including Nigerians, through a special work-permit pathway that...

US Makes Visa Bond of Up to $20,000 Permanent, Keeps Nigeria on Restricted List

by Victoria Attah
August 3, 2026
0

The United States has made permanent a visa bond programme that allows consular officers to require deposits of up to...

Otedola acquires 5.52% of Transcorp Plc.

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

by Rate Captain
August 22, 2025
0

In a rare moment of vulnerability, billionaire businessman Femi Otedola has shared the story of how he lost nearly N200...

EFCC Launches Task Force to Combat Naira Mutilation and Dollarization

EFCC Arraigns Precious Williams for Alleged N13.8 Billion Ponzi Scheme Fraud

by Victoria Attah
June 17, 2025
0

The Economic and Financial Crimes Commission (EFCC) has charged Precious Williams, a director of Glossolalia Nigeria Ltd and Pelegend Nigeria...

Next Post

Maritime Stakeholders Urge FG to Implement Zero Tax for Ship Acquisition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

SEC Files Lawsuit Against Binance and CEO Changpeng Zhao for Alleged Regulatory Violations.

Binance Suspends Transactions with 17 Crypto Platforms

August 24, 2026
Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX Weekly Turnover Falls 10.4% to N157.76 Billion as Market Declines

August 24, 2026

Popular Story

  • Gold Prices Slide to Three-Week Low Amid Fed Rate Hike Warnings

     Gold Prices Surge Nearly 43% Over Past Year, Shattering Barriers at $3,650 Per Ounce

    0 shares
    Share 0 Tweet 0
  • Chinese smartphone firms jazz up products, seize turf in home market from Apple

    0 shares
    Share 0 Tweet 0
  • Nigerian Treasury Bills and Bond Yields Decline Amid Strong Demand and Tight Liquidity

    0 shares
    Share 0 Tweet 0
  • Binance Suspends Transactions with 17 Crypto Platforms

    0 shares
    Share 0 Tweet 0
  • DMO’s campaign boosting investment in securities – stockbroker

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>