Business

TCN releases 5-year power forecast


… Targets power generation of 20,000MW by 2022

The Transmission Company of Nigeria (TCN) has released its power generation forecast from 2016 through 2022.
According to the document obtained by Business Times, the Company pegged its power production target at 6,600 megawatts by the end of 2016.
Again, it said 10,000MW is achievable in 2018, 13,000MW in 2020, 16,000MW for 2021 and 20,000MW by 2022.
Nigeria’s official capacity over the years has been to produce beyond the current 5,300MW.
In June, Nigeria’s power generation peaked highest with over 6000 megawatts since resumption of oil and gas pipeline vandalism in the Niger Delta.
According to data obtained by Business Times from National Bureau of Statistics, NBS, showed that power generation for the month of June totaled 6,695.54 megawatts, while total power sent out was 6,567.26 megawatts.
The country’s power generation, which was below 2,000MW between January and May this year, has continued to witness an increase since militants ceasefire.
However, the increase is still below the peak demand forecast of 12,800MW. The highest peak energy generated was 4,517.6MW recorded in 2012.
The peak confirms what former Chairman of Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi recently that power generation might peak above 5,500MW in July if on-going repairs on gas supply pipelines were completed.
He said the commission has received assurances from the Nigeria National Petroleum Corporation (NNPC) that improvements on gas supply are coming up.
Amadi, said a lot of work has been done to contain the frequent vandalism of gas pipelines.
He added: “much of the vandalisms are in the gas side. The gas problem is getting better. We had meeting with the Group Executive Director of gas at NNPC and he told us of improvements coming up. We hope that by the end of July, with the repair work going on, we might be able to do maybe above 5,500mw”.

 

 

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