The Nigerian Electricity Supply Industry (NESI) says it lost $743,490,000 in 2021.
This is due to the failure of the Transmission Company of Nigeria (TCN) to wheel 743,490 megawatts (MW) to 11 Electricity Distribution Companies (DisCos).
According to energy experts, each megawatt costs not less than $1 million.
Thus, $1 million multiplied by the 743,490MW that the company could not disburse, translates to a $743,490,000 loss in the period under review.
This energy production data is contained in the “Power Sector Data 2021: Energy Generated and Sent Out,” of the National Bureau of Statistics (NBS).
The document shows that the Electricity Generation Companies (GenCos) produced 36, 639,920MW in the year under review.
It also reveals that in the period under review, the TCN wheeled 35,654,430MW to the 11 DisCos, indicating that the TCN failed to wheel 743,490MW in 2021.
“In general, total generation in 2021 stood at 36,397.92 (GWh), while 35,654.43 (GWh) was transmitted,” said the NBS. One gigawatt equals 1,000MW.
