GenCos loss N122.79b in five months to capacity challenges

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Nothing less than N122.79 billion has been lost by Nigeria’s power generation companies (GenCos) between Januarys to May this year.

Pioneer Executive Secretary of the Association of Power Generation Companies, Dr. Joy Ogaji, said while available capacity generation stood at 8,286.62 megawatts in May, average generation was 4,146.79 MW while stranded generation remained at 4,140 MW.

From January to April, data obtained by The Guardian showed that while the generation capacity average 8000MW, average generation was 3,821, 4,114, 3,912, and 4,099 megawatts for January to April respectively, while stranded generation for the respective months were 3,791, 3,949, 4,406 and 4,489 respectively.

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