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Business News of Monday, 27 June 2022

Source: nairametrics.com

Electricity update: Nigeria’s power generation peaks at 3,629MW

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Nigeria’s electricity generation peaked at 3,629.5MW on Sunday, 26th June 2022, representing a 2.6% decline compared to a peak of 3,725.1MW recorded in the previous day. This is according to information from the Transmission Company of Nigeria (TCN).

On the other hand, off-peak generation improved by 10.9% to 3,327.5MW on Sunday, compared to 2,999.6MW recorded on Saturday, when total energy generated slumped to 79,872.55MWh.

Total generated power increased by 4.8% to 83,688.26MWh from 79,872.55MWh generated in the previous day, while supplied energy also increased by 5.1% to 82,654.31MWh from 78,680.37MWh sent out on Saturday.

Despite the improvement, electricity generation and supply in Nigeria is still largely below the minimum 105,000MWh of electricity required to record a stable power supply in the country.