Oil & Energy
PHCN To Shut More Plants …As Power Capacity Drops To 2,700MW
Power Holding Company of Nigeria (PHCN) has now confirmed shutting down four of its plants as a result of the crisis in the gas supply chain in the country.
The company has also said it intends to shut more of such plants in the near future if the gas supply situation does not improve in the shortest possible time.
Consequently, the poor electricity supply situation in the country was said to have worsened last week, as overall power generation capacity dropped to a miserable 2,700 megawatts.
Managing Director of PHCN, Mr Labo Hussein, who disclosed this in a public function in Abuja, said that the gas supply situation has become critical to the extent that most of the affected generating plants have been forced to wind down operations with attendant backlash on the available capacity to the national grid.
Hussein mentioned Geregu, Sapele, Olorunsogun and Omotosho as the plants presently shut down by the company.
He, however, said the other two major power stations, Okpai operated by Agip and Afam VI operated by Shell, respectively, were running at full capacity, and supplying power to the national grid.
“PHCN’s total power generation as at today is 2,700 megawatts but actual power generation capacity is now 4,000megawatts”, he said.
Meanwhile, Power Minister, Rilwanu Babalola, who pleaded with Nigerians last Friday to exercise patience over the “below-target” performance of government in the power sector, stated that most of PHCN’s generating facilities had continued to remain idle due to lack of gas supply to power them.
The minister had explained that last year’s target of 6,000 megawatts of electricity was made in anticipation that Chevron and Pan Ocean gas projects as well as gas facilities being put together by the Nigerian Petroleum Development Company (NPDC) would come on stream within the year, but regretted that the gas-fired facilities could not be completed as scheduled as a result of unforeseen circumstances.
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