Electricity production: only 25 of the 160 licensed GenCos are working – APGC

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The Association of Power Generation Companies (APGC) revealed that only 25 of the 160 GenCos licensed by the Nigerian Electricity Regulatory Commission (NERC) are currently in operation.

This was revealed on Wednesday by Dr. Joy Ogaji, Executive Secretary of the association, at the Nigeria Oil and Gas (NOG) Conference and Exhibition in Abuja, according to the News Agency of Nigeria.

Ogaji also added that Nigeria’s current power demand, according to data from the Osogbo National Control Center, shows that Nigeria’s power demand was around 28,000 MW while the power currently available was about 28,000 MW. around 6,000 MW.

READ: Transcorp to build Nigeria’s first nuclear power plants

What Dr Ogaji Says

“NERC has issued 160 licenses to power generation companies. Only 25 are currently operational. The other thermal power plants are waiting on the sidelines and if they are actively involved, we can generate an additional 30,000 MW. The 25 operational GenCos have an installed capacity of approximately 13,000 MW,” Ogaji said.

She admitted available distributed capacity had risen from 9,000MW in 2020 to 6,000MW by 2021, citing issues such as load rejection by power distribution companies.

“The three hydropower plants – Kainji, Jebba and Shiroro – with an installed capacity of 1,500 MW were also not optimally utilized”, she said.

She insisted that the ratification of the African Continental Free Trade Agreement (AfCFTA) has made it imperative for Nigeria to fix its power sector to enable its companies to compete with their counterparts across the continent. .

READ: FG reassures investors, insists on selling 5 power plants

In case you missed it

The federal government has insisted that the 5 National Integrated Power Plants (NIPP) put up for sale will continue as planned. This follows the determination of the government to resurrect these power stations and utilize them to the full for the benefit of Nigerians.

NIPP power plants to be privatized include Benin Generation Company Limited in Ihovba, Edo State; Calabar Generation Company Limited, Cross River State; Geregu Generation Company Limited, Kogi State; Olorunsogo Generation Company Limited, Ogun State; and Omotosho Generation Company Limited, Ondo State.


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