The Transmission Company of Nigeria has said that electricity generation in the country has dropped by 450 megawatts.
The firm said the drop on Saturday was due to vandalism of pipelines supplying gas to the Okpai Power Plant in Delta State.
The plant, it said, was shut down as a result of the reported vandalism, adding that the development would warrant power rationing across the country for four days.
The firm said in a statement signed by its General Manager, Public Affairs, Mrs. Seun Olagunju, that repair works on the plant were expected to be completed within three days. “Okpai Power Plant will expectedly resume generation on Wednesday, November 27, 2013,” it added.
The Presidential Task Force on Power had put the power generation in the country at 3,600MW as of November 20, 2013.
Investment from Gas
Meanwhile, the Federal Government has said that it is expecting about N3.97 trillion ($25 billion) worth of investments from gas through its recently developed gas master plan.
The investments will come from gas processing, transmission and downstream utilisation, the Director, Department of Petroleum Resources, Mr. George Osahon, said recently.
He said, “Opportunities for investment are available in pipeline construction system, gas gathering and processing. Nigeria has the world’s 7th largest reserves of gas with a further potential for 600 trillion cubic feet in undiscovered reserve.”