Power sector system collapse causes N4.6 billion naira loss for FG
- Power sector system collapse has reportedly cost the federal government more than 4.6 billion
- This was as a result of the fire incident that affected the Escravos-Lagos pipeline system close to Okada, Edo State, on January 2
- The ministry had said the incident required a shutdown of the pipeline supplying gas to its power stations
The system collapse experienced in the power sector between January 2 and 3, 2018 has reportedly cost the federal government more than N4.6 billion revenue.
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Legit.ng gathered that a total of 9,162.7 megawatts (MW) of power were not generated as a result of non-supply of gas to power generation companies (Gencos) from January 2 to 4 2018 due to the system collapse.
This was learnt from analysis of statistics from the Advisory Power Team in the office of Vice President Yemi Osinbajo, The Guardian reports.
A fire incident that affected the Escravos-Lagos pipeline system close to Okada, Edo state, resulted to the shutdown of the pipeline supplying gas to Egbin power plant that produces 1,320MW; Olorunsogo NIPP, 676MW; Olorunsogo, 338MW; Omotosho NIPP, 450MW; Omotosho, 338 MW; and Paras, 60MW on January 2, 2018.
The Ministry of Power, Works and Housing had said that the loss of generation due to interruption in gas supply from these stations caused the national transmission grid to trip off.
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A breakdown of the statistics showed that on January 4, 2018, the average power sent out was 3,090MWh/hour, 3133MW was not generated due to unavailability of gas as a result of which the power sector lost an estimated N1,576,000,000.
On January 3, the average power sent out was 2,596MWh/hour, 3354.3MW was not generated and consequently the power sector lost an estimated N1,682,000,000. Also, on January 2, the average power sent out was 3,475MWh/hour. The statistics indicated that gas constraint caused non-production of 2675.4MW, while line constraint caused a shortfall of 58MW and the power sector lost an estimated N1,312,000,000.
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Meanwhile, Legit.ng previously reported that the Ministry of Power blamed the power outage experienced across the country on a fire incident on its Escravos Lagos Pipeline System in Edo state on Tuesday, January 2.
The Ministry of Power said in a statement in the early hours of Wednesday, January 3, that the outage was caused by fire at a gas pipeline system which interrupted gas supply and affected the national grid.
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Source: Legit.ng
