There are indications that the average available power generation as at 6pm yesterday rose by 12.1 percent to 3,522.80 Megawatts from 2,312 MW recorded last weekend.
This came as the Central Bank of Nigeria (CBN) said it will inject about N103bn into the power sector to curb grid collapses as well as develop its capacity.
It was gathered that more people have been grieved over the the erratic power supply as Nigerians now hardly enjoy a straight five-hour supply of electricity in a day.
The CBN is currently providing $250 million to expand electricity distribution and transmission infrastructure as part of an emergency approach to ensure the stability of the country’s grid and power system.
The implementation of the emergency plan by the Federal Government follows the collapse of the national grid twice last week which left the country without electricity supply.
The project, which will strengthen the interface between the Transmission Company of Nigeria (TCN) and the electricity distribution companies (DISCOs) is expected to gulp about N103 billion and spread across critical locations in the country.
According to the Minister of Power, Abubakar Aliyu, the CBN funding, would ensure the rehabilitation of critical interface infrastructure between Transmission and Distribution to increase and stabilize power delivery.
He explained the project is in addition to the Siemens Presidential Power Initiative (PPI) that will bring in additional $2 billion or more to the Transmission Grid from the government.
While the grid has continued to fail with two system collapses this week(Last week) alone, Aliyu said government “is almost $4 billion secured by this administration to augment the grid. It should be noted that many of these funds are being actively spent and the results will be felt over time.
According to him, the interface projects along with others already being embarked upon by TCN brings ongoing projects in the transmission segment alone to 135 ongoing projects with 30 completed key Substation Projects and 12 transmission Lines.
On his part, the Market Operator at TCN, Edward Eje said: “The interface project is aimed at providing quick solutions at various transmission/distribution interfaces where there are challenges.
“This makes sense to me. It is a laudable measure to achieve a seamless and a hitch-free power transmission from the Transmission Stations to the Distribution network.”
The Managing Director and Chief Executive Officer of Nigerian Bulk Electricity Trading Company, (NBET) Dr. Nnaemeka Eweluka, disclosed that the apex bank was able to identify critical projects that could quickly address and restore normalcy.
