Gencos under performance threaten FG targets – NERC report


The Nigerian Electricity Regulatory Commission (NERC) has indicated in a report that many of the nations electricity Generation Companies (Gencos) performed below expectation in the six months between Q4’16 and Q1’17, Vanguard reports.

According to the report, NERC which used factors such as availability and average load to rate the Gencos, identified three power plants – Sapele, Geregu NIPP and Afam (1-V) – as the least performers with 31 per cent, 18 per cent and 12 per cent scores respectively. The top performers in this category were Omotosho, Olurunsogo and Calabar NIPP with 89 per cent, 88 per cent and 87 per cent respectively.

These were followed by Okpai, Ughelli, and Omotosho NIPP with 87 per cent, 80 per cent and 78 per cent respectively. Geregu, Afam V1, Ibom Power, Rivers IPP, Alaoji NIPP followed with 78 per cent, 69 per cent, 67 per cent, 64 per cent and 63 per cent respectively.

Other plants – Ihovbor NIPP, Omoku, Trans-Amadi, Egbin, Olorunsogo NIPP and Sapele NIPP – scored 61 per cent, 58 per cent, 48 per cent, 46 per cent, 45 per cent and 38 per cent respectively. The hydro stations – NESCO, Jebba, Shiroro and Kainji – were scored 72 per cent, 65 per cent, 58 per cent and 55 per cent respectively.