FRIDAY, 22nd October, 2021: The Nigerian Bulk Electricity Trading Plc (NBET) had on Thursday provided statistics on misalignments in the power value chain, adding that about 14,000 megawatts of electricity was contracted to power generation companies.
Managing Director, NBET, Nnaemeka Ewelukwa who gave the breakdown explained the quantum of Nigeria's electricity demand, what was contracted, availbale capacity, what was produced, among others.
Mr. Ewelukwa provided these statistics while speaking during the plenary session at the World Energy Day Conference 2021, with the theme, 'Energy Transition: Gas as Fuel of Choice', which was organised by the Abuja Chamber of Commerce and Industry.
This development also comes as the Group Executive Director, Gas and Power, Nigerian National Petroleum Company, Mohammed Ahmed, told participants at the event that about 77 million Nigerians currently did not have access to electricity.
Providing statistics on Nigeria’s power situation, Ewelukwa said, “In terms of situating the gas discussion within the context of the power sector, we have some misalignments in the value chain which the government is trying to address.
“And that misalignment starts with the fact that in terms of the demand for electricity in the country, it is about 28,000MW. But when you look at the contracted capacity for electricity, it is about 14,000MW.
“You look at the current available capacity of electricity in terms of what was contracted, it is about 7,600MW. You look at transmission capacity, it is about 8,100MW.”
He added, “Now, of all these statistics the most important is what is the highest volume of electricity ever put on the grid; it is 5,800MW. So, you see that it keeps dropping.”
The NBET boss further explained that the 5,800MW was the highest peak ever attained in the history of Nigeria, but stressed that what was actually available on a day-to-day basis was between 4,000MW and 5,000MW.