NDPHC Decries N300bn Stranded Capacity Loss, N400bn NBET Debt
• Says only 500MW of 1,500MW available capacity allocated •Recovers $12m from cross-border bilateral customers • Seeks regulatory intervention, lawmakers’ help •Eyes solar, mini-hydro projects for North in NIPP phase
The Niger Delta Power Holding Company (NDPHC) is currently facing a revenue loss of over N300 billion due to suppressed and stranded generation capacity, as well as an outstanding debt of more than N400 billion owed by various electricity market participants. NDPHC's Managing Director, Jennifer Adighije, disclosed this information during an oversight visit to the company's headquarters by the House of Representatives Committee on Power.
The company currently contributes around 4,000 megawatts to Nigeria's installed generation capacity of approximately 12,000 megawatts, which is approximately 30%. However, the company's capacity is significantly suppressed, with only 500 megawatts out of the 1,500 megawatts it has available being allocated for dispatch. Major challenges facing NDPHC include transmission constraints, low tariffs, inadequate market settlements, gas supply issues, unpaid debts, and vandalism.
NDPHC is seeking regulatory intervention to review the dispatch merit order and to settle outstanding debts owed by NBET and other market players. The company has already made significant progress in transmission and distribution, having completed 120 transmission projects and hundreds of distribution projects. Looking ahead, NDPHC plans to transition to the second phase of the National Integrated Power Project (NIPP), which will focus on renewable energy for northern Nigeria, including solar and mini-hydro projects.
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