Respise seems not quite around the corner for electricity consumers across the country with 19 power stations currently losing about 4, 911mega watts (mw) to gas shortage (a consequence of sabotage of oil and gas pipelines), water management and transmission problems.
The national current generation output now stands at about 1651mw after it dropped from 2840mw last Friday.
The Daily Operational Report of the Transmission Company of Nigeria (TCN) obtained yesterday showed that the nation’s power sector is current at a low level given the status of the 28 power plants across the country.
According to the report, Shiroro, Afam, Olorunshogo (gas), Geregu NIPP, Alaoji NIPP, Olorunshogo NIPP, Omotosho NIPP, Odukpani NIPP, Okpai, AES, ASCO, Trans Amadi Rivers and Gbarain power station were complete out of the system due to various reasons.
Egbin, which is the largest power generating station in the country now generate 246mw. The report showed that the ST1 engine tripped off due to generator trouble; ST2 and 3 were not on spinning reserve due to management decision and ST4 and 5 are out due to gas constraints.
Niger Delta Avengers a new militant group has destroyed about 23 gas pipelines across the South South states since their attacks on the national assets from February 14 to date.
Meanwhile, Shell Petroleum Development Company of Nigeria Limited Joint Venture (SPDC JV) lost 25,000 barrels of oil per day (bpd) in 2015 to theft of crude oil on its pipeline network, which is less than the 37,000 bpd in 2014.
Managing Director of SPDC and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, who officially launched the 2016 briefing notes in Lagos at the weekend, however, restated the company’s commitments to continuing to invest in Nigeria, even as he highlighted crude theft, illegal refining and insecurity as key challenges in 2015.
Okunbor therefore, dismissed reports that Shell is planning to divest from Nigeria, stating the company is rather committed to growing its business in the country.
He also revealed that Shell’s operations have yielded about $42 billion into the country’s coffers in the last four years, according to the briefing notes.
It stated that approximately $1.1 billion was paid to the Federal Government in terms of royalties and corporate taxes in 2015.