“We are currently at a little over 4,000MW today. We are working tirelessly day and night to ensure that we can ramp up generation to 6,000MW for the first time in the history of this country.
“We have an installed capacity of 13,000MW across the hydropower plants and the thermal plants. But for certain reasons, we have not been able to generate more than a little over 4,000MW. But we are going to change the narrative in this administration.
“In the next six months, Nigerians should expect not less than 6,000MW of power generated; and this 6,000MW will be successfully transmitted to Nigerians and it will be distributed to Nigerians,” Nigeria’s Minister of Power, Adebayo Adelabu said.
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The power sector seems to deliver a lot of goodies at the generation phase at least. I am not sure there is any value in the distribution phase, at least for now. But looking at this statement from the Minister, it does seem the gencos are also struggling. The two main gencos – Geregu and Transcorp – are each worth at least N2.5 trillion, demonstrating that value remains in generation.
Unlike the distribution firms (discos) which are largely dying, gencos are doing financially well. So, if so, why are we not having more investments in generation?
“We are currently at a little over 4,000MW today. We are working tirelessly day and night to ensure that we can ramp up generation to 6,000MW for the first time in the history of this country.
“We have an installed capacity of 13,000MW across the hydropower plants and the… pic.twitter.com/gi8M8ch5kM
— Ndubuisi Ekekwe (@ndekekwe) April 12, 2024
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