The latest report of the Advisory Power Team, Office of the Vice President, has revealed that operators in the power sector lost N1.25bn, while power generation dropped by 62.96 megawatts in one day, on November 11.
The report said the financial loss and drop in power generation were caused by several constraints in the industry.
The constraints, according to the report, include gas supply challenges, distribution network issues, as well as transmission bottlenecks.
The report stated, “On November 11, 2020, average energy sent out was 4,336MWH/Hour, down by 62.96WH/Hour from the previous day.
“The power sector lost an estimated N1,249,000,000 on November 11, 2020 due to constraints from insufficient gas supply, distribution infrastructure and transmission infrastructure.”
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