The intended takeover of three power distribution companies by Fidelity Bank and the restructuring of two others by the Federal Government have led to an intense battle between the Discos and the government.
Recall that the takeover of the three Discos by Fidelity Bank is being backed by the Federal Government through the Bureau for Public Enterprise.
This is as findings show that the Discos have continued to launch fresh legal battles to prevent their takeover by the government and the bank.
However, industry stakeholders are divided over the development with both parties receiving commendations and condemnations from power sector experts.
While industry stakeholders gave diverse views on the development, it was observed on Monday that power generation on the national grid dipped by about 141.3 megawatts when compared to what was recorded on the grid on July 9, 2022.
Figures obtained by our correspondent from the Federal Ministry of Power showed that power generation rose to a peak of 3,992.6MW on July 9, 2022, but the peak generation on July 10, 2022, fell to 3,908.8MW.
This dropped further on Monday, as data from the FMP showed that power generation on the grid as of 6 am on July 11, 2022, was 3,851.31MW, indicating a drop of 141.3MW when compared to figures posted on July 9, 2022.
