Mainstream raises Kainji, Jebba capacity to 922MW, decries N72bn energy debt

Mainstream raises Kainji, Jebba capacity to 922MW, decries N72bn energy debt

- An energy company says it can now generate 922 Mega Watts at its plants in Niger state

- According to Mainstream Energy Solutions Limited, there is still a huge debt of N72 billion in the country's electricity market

- The company also said it is considering the expansion of power generation to cater for the need of the international market

Mainstream Energy Solutions Limited (MESL) has said that it can now generate 922 Mega Watts (MW) at Kainji, Jebba power plants in Niger state.

The energy solutions company, however, said that there are N72 billion energy invoices that have not been paid in the Nigerian electricity market, Daily Trust reports.

Engineer Lamu Audu, the managing director of MESL, when he received the director general of the Bureau of Public Enterprises (BPE), Alex Okoh, said the debt has been affecting operations.

He said: “There are accumulated unpaid invoices of N72bn receivables as at March 11, 2019 in the market; it does not include capacity charge and if there is to be an interest on these debts.”

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Audu also said the power company is the operator of the 1,338MW capacity plants and said that only 582MW was available when the company took over in November 2013.

He also said that that the company has been working on making its board work on expansion so that the international market can also be catered for through West African Power Pool (WAPP).

“We are trying to encourage the board to do this expansion to target the international market through the West African Power Pool (WAPP).

“It is a serious issue that needs to be addressed if not, we cannot go anywhere,” he said.

The director of MESL also asked the BPE convert the payment of concession fee by the company from US dollar to the local currency so that the difficulty in accessing forex at the official exchange rates can be solved.

Alex Okon praised MESL for their work and the investment they have made in increasing and improving power generation.

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He said: “We are quite impressed at what we see. We are not where we should be in terms of the privatisation agreements but we can see a credible effort towards delivering on that path.”

Meanwhile, Legit.ng previously reported that Dr Jamilu Gwamna, the managing director, Kano Distribution Company of Nigeria (KEDCO), commended the federal government for improving in power generation in the country.

Gwamna gave the commendation in an interview with the media in Gombe on Monday, March 11.

The KEDCO boss said power generation was at its all-time best due to such effort.

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Source: Legit.ng

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