Why We May Be Forced To Shut Down Power Plants Soon — Gencos

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Why We May Be Forced To Shut Down Power Plants Soon — Gencos Electricity generation companies in the country have said they will be forced to shut down their power plants if the challenges facing them are not addressed. The Association of Power Generation Companies, the umbrella body for the Gencos, said on Monday that the recent decline in available generation capability could be traced to the various challenges experienced by the Gencos in the electricity market. The Executive Secretary, APGC, Dr Joy Ogaji, said in a statement that the challenges included liquidity issues, power rejection by the electricity distribution companies and gas constraints due to the sorry state of the market. According to Punch Newspaper reports, quoting the association, available generation capability plunged to 5,207.57 megawatts in December from 7,238.12MW in November, while average generation rose slightly to 4,162.47MW from 4,093.76MW Her Statement Reads In Part: “Few of the thermal power plants were out due to planned maintenance, which is allowed in the sector. The decline was not an act of rebellion by the Gencos neither was it deliberate but was beyond their control. “This should serve as a wake-up call to the Federal Government to the goings-on in the industry with regards to the Gencos and if the actions are not taken by the necessary agencies, Gencos will be forced to shut down business.” “Available generation capability experienced a drop due to various factors such as gas constraints, ongoing maintenance by some gas suppliers and low load demand by distribution companies, which resulted in reduced generation or outage of some power plants. “Afam Power Plc (Afam VI Gas/Steam), GT12, 13 and ST10 power plants were shut down for a period of about 16 days due to planned maintenance that was carried out by the gas suppliers on their facilities. Although Afam Power Plc was duly notified about the maintenance, it resulted in a reduction of Afam’s available generation capability from about 490MW to zero.” “Some of the companies’ generation capability dropped to zero due to the outage of their power plants which was as a result of gas constraints,” Ogaji said, adding that gas supply to Alaoji NIPP was cut off by the gas suppliers due to the firm’s inability to pay for gas. Contact Editor using editor@skytrendnews.com or call direct 0808 360 9209. READ ALSO! More Nigerians Becoming Extremely Poor, 40% Of World’s Poorest To Live There And Congo By 2050 READ ALSO! More Nigerians Now Living In Extreme Poverty — International Labour Congress READ ALSO! 10million More Nigerians Have Been Lifted From Poverty Under Buhari — Presidency Says READ ALSO! Buhari Reacts To Boko Haram’s Threat To Kill Leah Sharibu READ ALSO! More Nigerians Getting Killed, Getting Poorer, Hungrier Under Buhari’s Incompetent Regime — PDP READ ALSO! More Nigerians Have Been Murdered In Attacks Since January More Than Entire 2017 — Amnesty International READ ALSO! 10million More Nigerians Have Been Lifted From Poverty Under Buhari — Presidency Says READ ALSO! More Nigerians Travelling Out Due To Economic Hardship, Over 500,000 Since 2016 READ ALSO! The Smart CEO: Top 5 Websites To Get Cheap Domain Name Registration READ ALSO! More Nigerians In Kano, Katsina Now Using Hard Drugs — Group Says READ ALSO! More Nigerians Dying Hourly From Tuberculosis, 18 Every Hour — WHO READ ALSO! Between GoDaddy And Namecheap: Making The Best Choice For Domain Name Registrar READ ALSO! Nigeria Couples: Now You Can Know If Your Partner Is Cheating On You; SEE 11 SURE Ways]]>