The Association of Power Generation Companies (APGC) says it has an installed 12,000MW and an available 8,000MW of generation capacity to reduce the electricity needs of Nigerians, The Punch reports.
The Executive Secretary of APGC, Joy Ogaji, on Thursday said the GENCOs currently have available 8,000 MW capacity, given the readiness of the transmission and distribution networks to absorb the power generated. She however said, “A system stress test that was conducted on the distribution lines shows that the distribution companies (DISCOs), can take a maximum of 4,600MW.”
On current reduction in power generation despite its capacity to produce more, she said paucity of funds hindered GENCOs from procuring gas to fire their power plants. “As we speak, the sector owes the generation companies about N600bn, unpaid for power that has been generated and consumed already, about N600bn,” she said.
“Now Federal Government came to announce on March 1, that they are bringing N701bn for the generation companies. Where is this money? That N701bn, where is the money? We have written to government, please show us where this money is,’’ she added.