A power firm –the Transcorp Power Limited – yesterday pledged to generate 750mw of electricity by December 31 to boost supply in the country.
Also yesterday, the Ministry of Power announced that power supply increased to 4,043.15 megawatts (MW) last Thursday.
The ministry said the electricity market recorded 1,161.59MW increase in transmission within eight days from the November 18 statistics.
In the period under review, the ministry’s website noted that the energy generation in the Nigerian Electricity Supply Industry (NESI) was 4,124.26MW.
This indicated that the Transmission Company of Nigeria (TCN) could not evacuate 81.11 MW.
The market hit a peak power generation of 4,716MW from the 4,073.4MW of November 18 power statistics, resulting in a rise of 642.6MW in the period under review.
The TCN, last week, announced the achievement of a new record peak generation of 4,883.9MW and the highest maximum daily energy delivery of 106,288.48MWH.
The new peak generation was achieved at 21.15hours on Monday, November 23.
The Managing Director, System Operation/Market Operation, TCN, Dipak Sarma, attributed the achievement to the improvement in the supply of gas to the power generating stations and enhanced cooperation among the operators.
However, the record remained a far cry from the 6,000MW installed generation and 5,500MW transmission capacity of the power sector.
“We have increased power generation by more than 525 per cent in the two years since we acquired Ughelli Power Plant, which makes ours the fastest growing among privatised power assets in the country. We are aggressively pursuing our generation recovery capacity programme and are on course to deliver 760MW by December 2015, said Adeoye Fadeyibi, CEO of Transcorp Power.
The company’s chairman Tony Elumelu, added: “As one of the leading power generating companies in Nigeria, our focus remains on aggressively increasing our output and expanding our capacity to generate at least 25 per cent of Nigeria’s power.
Transcorps Power Limited emerged from the merger of Transcorp Ughelli Power Ltd and Ughelli Power Plc.
The merger was designed to harmonise the management and operations of Transcorp’s power business for greater efficiency. Greater operational efficiency will undoubtedly lead to higher output in terms of power generation and increased shareholder value. Ughelli Power Plant, the company’s power generating asset, is the nation’s largest fossil-fuel generating plant.