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Nairametrics
Home Markets Equities Company Results

Egbin Power Plant generated the highest total energy output in Q1 2020, 14.82%

Johnson Uche by Johnson Uche
November 1, 2020
in Company Results, Energy
Egbin Power Plant Is Owed More Than N40 billion
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The data released by the Nigerian Electricity Regulatory Commission (NERC) for the Q1 2020 indicates that 12 out of the 26 operational power plants accounted for 82.16% of the total electric energy generated, while Egbin power plant generated the highest at 14.82%.

According to the distribution of the individual power plant contribution to the overall total energy output during the period,

  • Egbin power plant accounted for the highest share with 14.82% of the total energy output.
  • Kanji hydropower plant followed with 10.36% of the total energy output.
  • In the same period, Sapele NIPP power plant accounted for the least share of the output with 0.11%.
Source: NERC Quarterly Report – Q1 2020

What you should know

  • Egbin Power Plc is an affiliate of the Sahara Group – an international energy conglomerate. The power plant is located in Egbin, Lagos state, operates one of the largest thermal power plants in Sub-Saharan Africa.
  • The energy generation in Nigeria is still largely dependent on 9 power plants, as these plants accounted for 73.76% of the total electric energy output during Q1 2020.
  • The over-reliance of the grid on the energy supplied by these 9 power plants poses a serious concentration risk to the industry. A downtime in any of them may result in grid instability – except adequate proactive and precautionary measures are put in place, such as adequate spinning reserves.
  • The Commission, on its part, towards guaranteeing continuous grid stability by ensuring proper management of the grid, has concluded the evaluation of the outcome of the competitive procurement of spinning reserves conducted by the Transmission Company of Nigeria (TCN) and communicated its decision to the same for further action.

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Tags: Egbin Power PlantNERCNigerian Electricity Regulatory Commission
Johnson Uche

Johnson Uche

Johnson is a risk management professional and banker with unbridled passion for research and writing. He graduated top of the class with B.sc Statistics from the University of Nigeria and an MBA degree with specialization in Finance from Ambrose Alli University Ekpoma, with fellowships from the Association of Enterprise Risk management Professionals(FERP) and Institute of Credit and Collections management of Nigeria (FICCM). He is currently pursuing his PhD in Risk management in one of the top-rated universities in the UK.

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Lagos pays N1.3 billion into the RSA of 246 retirees

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