Nigeria’s available power generation capacity has plunged by 2,324 megawatts due to deteriorating plants/units’ capacities and poor maintenance caused by liquidity challenges, among others, the Federal Government has said.
It stated that though the country’s installed power generation capacity increased marginally, the quantum of available power crashed by over 2,300MW between 2015 and 2022.
An analysis of the latest 2022 Electricity Market Competition Report on Friday, showed that the country’s available power capacity dropped from 6,401MW in 2015 to 4,059MW in 2022.
The report, which was put together by the Nigerian Electricity Regulatory Commission, an agency of the Federal Government, read in part, “The installed capacity in NESI (Nigeria Electricity Supply Industry) grew by 7.95 per cent, from 12,132MW as of December 2015 to 13,097MW as at December 2022.
