TVC E. Mr Neil Croucher, MD/CEO of Abuja electricity distribution company (DISCO) transmission a guest at TVC Breakfast Show
(TalkTalk) has said investors needs to be trained for better result and for economic growth. He believes Oil vandalism is a short term issue as it involves political powers/vices.
Electricity generation in Nigeria started in 1896 although it was not until 1929 that the first utility company, the Nigerian Electricity Supply Company was established.
In the 1950s and 1960s the Nigerian government created the Electricity Corporation of Nigeria to control all existing diesel/coal fired isolated power plants across the country and the Niger Dams Authority to develop hydroelectric power in Nigeria. These two entities were amalgamated into the National Electric Power Authority in 1972.
By the late 1990s it became clear that the publicly owned and operated electricity system was failing to meet Nigeria’s power needs. The National Electric Power Policy of 2001 set the go-forward framework for power reform in Nigeria, leading to the National Electric Power Policy and thus the NIPP.
There are currently 23 grid-connected generating plants in operation in the Nigerian Electricity Supply Industry (NESI), with a total installed capacity of 10,396.0 MW and available capacity of 6,056 MW. Most generation is thermal based, with an installed capacity of 8,457.6 MW (81% of the total) and an available capacity of 4,996 MW (83% of the total). Hydropower from three major plants accounts for 1,938.4 MW of total installed capacity (and an available capacity of 1,060 MW).
