Connect with us

Finance

GENCOs Threaten to Shut Down Plants – Darkness Looms

Published

on

GENCOs Threaten to Shut Down Plants - Darkness Looms

GENCOs – The Electricity Giant Provider Threatens to Shut Down

GENCOs – The country may be thrown into total darkness if power generation companies in the country carry out their threat to shut down plants over challenges facing the power sector in the country.

BREAKING NEWS: Chinese government delivers access to satellite TV for 1,000 Nigerian villages

GENCOs Threaten to Shut Down Plants - Darkness Looms

The generation companies, under the aegis of the Association of Power Generation Companies (APGC) In a statement on Monday, threatened total shut down except the Federal Government addresses the challenges they are facing.

The Executive Secretary of APGC, Dr. Joy Ogaji, in the statement, explained that the recent decline in available generation capability could be traced to the various challenges experienced by the Gencos in the electricity market.

According to Ogaji, the challenges included liquidity issues, power rejection by the electricity distribution companies and gas constraints due to the sorry state of the market.

“Few of the thermal power plants were out due to planned maintenance, which is allowed in the sector. The decline was not an act of rebellion by the Gencos neither was it deliberate but was beyond their control.

“This should serve as a wake-up call to the Federal Government to the goings-on in the industry with regards to the Gencos and if the actions are not taken by the necessary agencies, Gencos will be forced to shut down business”, Ogaji said.

Available data from the association, showed that available generation capability plunged to 5,207.57 megawatts in December from 7,238.12MW in November, while average generation rose slightly to 4,162.47MW from 4,093.76MW

Ogaji said: “Available generation capability experienced a drop due to various factors such as gas constraints, ongoing maintenance by some gas suppliers and low load demand by distribution companies, which resulted in reduced generation or outage of some power plants.

“Afam Power Plc (Afam VI Gas/Steam), GT12, 13 and ST10 power plants were shut down for a period of about 16 days due to planned maintenance that was carried out by the gas suppliers on their facilities. Although Afam Power Plc was duly notified about the maintenance, it resulted in a reduction of Afam’s available generation capability from about 490MW to zero.”

She further disclosed that during the period, most power plants built under the National Integrated Power Project, including Alaoji, Sapele, Olorunsogo, and Omotosho, suffered from gas constraints.

“Some of the companies’ generation capability dropped to zero due to the outage of their power plants which was as a result of gas constraints”, Ogaji said.

According to her, gas supply to Alaoji NIPP was cut off by the gas suppliers due to the firm’s inability to pay for gas while Jebba Power Station’s generation capability reduced by about 110MW to 360MW due to low load demand.

She further stated that the reduction in demand by Discos also affected Egbin and Omoku power plants.

Continue Reading
Advertisement

ADVERTISEMENT

ADVERTISEMENT

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Customs Corner

Chairman House Committee on Customs and Excise Inspects NCS Facilities in Abuja

Published

on

Commends CGC Adeniyi’s Tremendous Leadership Skills

Author: Abra Iruoghene.

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, took the Chairman House Committee on Customs and Excise on an oversight visit to Customs Facilities at the Federal Capital Territory on Wednesday, 15 July 2024.

Represented by the Deputy Comptroller-General of Customs and Commander, Training and Doctrine Command, Gwagwalada, Suleiman Bomai, the Comptroller-General of Customs, Adewale Adeniyi, extended his appreciation to the House Committee on Customs and Excise for their continuous support and dedication to NCS.

Speaking further, Adeniyi disclosed the importance of collaboration between the legislative and the executive arms of government. He said, “NCS has a remarkable way of achieving its objective by equipping officers with the necessary skills and knowledge to meet the economic challenges of Customs administration in the twenty-first century. The Command and Staff College, Gwagwalada, is committed to providing world-class training and professional development for our personnel”.

He said, “The students of the College have witnessed firsthand education and professionalism. NCS has also made impeccable strides by enhancing their personnel capacity in securing the nation’s border, facilitating legitimate trade and generating revenue for the national economy. ”

Bashir described the Chairman’s tour of the facilities, which includes the new NCS’ Cooperate Headquarters, Customs Hospital, Karu, NCS Federal Capital Territory command, Customs Technical Hanger Services Limited, NCS Hotel and Nigeria Customs Command and Staff College, Gwagwalada, as one that will be remembered and cherished by the Service.

The Commandant of the Command and Staff College, Gwagwalada, Assistant Comptroller General of Customs Kingsley Egwuh, said 1,500 officers of junior and senior staff courses have graduated since the college’s inception. He stated the College has also produced 96 members of directing staff who attended the Senior Course and were exemplary in learning and character and were retained as lecturers in the College for two years.

He highlighted that the College has successfully posted and facilitated various programmes and workshops, which include the Time Release Study, Advance Ruling, Operation Whirlwind and many others.

Furthermore, Comptroller Olu Adebisi, the Customs Area Controller, Federal Capital Territory (FCT), Area Command, during the visit, revealed that the Command had surpassed their ‘half of the year’ revenue target of 6 billion naira and was able to bring some manufacturers under excise control.

The Chairman House Committee on Customs and Excise, Hon. Leke Abejide, applauded CGC Bashir for his immense leadership skills and his achievements within a short period of time,

He said, “Customs is well organised and disciplined, the professionalism and Corporate Social Responsibility shown in the hospital is amazing. We are making provisions for Customs’ Primary Healthcare Centers to be built nationwide. Also, two years from now, NCS will have a University”. He added.

Continue Reading

Customs Corner

Customs MMAC Generates N80.35B Revenue in 6 Months

Published

on

Author: Lucy Nyambi

 

The Nigeria Customs Service, Murtala Muhammed Airport Command (MMAC), has generated revenue to the tune of N80,351,299,068.00 between the period of January to June 2024.

The Customs Area Controller (CAC), Comptroller Michael Awe, during a press briefing at the command on Tuesday, 23 July 2024, said the revenue collected depicts a 107.5% increase.

 

In his words, “The Command from January to June 2024 was able to collect a total duty of Eighty Billion, Three hundred and Fifty-One Million, Two Hundred and Ninety-Nine Thousand and Sixty Eight Naira Only (N80,351,299,068.00) on Customs duty and other charges.”

“In comparison to the revenue collected in the same period in 2023, the revenue stood at Thirty-Eight Billion, Seven Hundred and Seven Million, Fifty-four Thousand, Two Hundred and Sixteen Naira, Forty Four Kobo only (N38,707,054,216.44). This clearly shows a progressive difference of Forty-One Billion, Six Hundred and Forty-Four Million, Two Hundred and Forty-Six Thousand, Eight Hundred and Fifty Naira, Fifty Six Kobo only (N41,644,246,851.56) depicting 107.5% increase”, the CAC explained.

 

According to Comptroller Awe, the difference recorded was made possible as a result of the resilience of officers in ensuring that agents were made to make proper declarations and to adhere strictly to import/export guidelines in tandem with extant laws.

 

On Anti-Smuggling, the CAC stated that officers and men of the command are not resting on their oars in enforcing government fiscal policies and trade regulations as seizures of illicit drugs, arms and ammunition, among other contraband items with a Duty Paid Value (DPV) of N6,064,987,480.27 were recorded.

 

“The command made the following seizures of 5 packages of 250mgs of Tramadol, 12 packages of 225mg of Tramadol, 1 package of fifty round 9mm live ammunition, 46 packages of dried sea cucumbers, 3 packages of dried donkey male genitals, 55 pieces of Jojef Tomahawk semi-automatic rifles.”

 

“These items were seized mainly because of various forms of infractions which range from false declarations, non-adherence to import/export guidelines and failure to comply with other extant regulations as enshrined in the Nigeria Customs Service Act (NCS Act) 2023”, he explained.

 

Speaking further, the CAC said the Command also recorded the export of goods worth N266,655,113.66K within the period under review, with an FOB value of $204,597.07.

 

The Customs Area Controller reiterated the Command’s commitment to sustain and improve upon revenue generation in the second half of 2024.

 

Comptroller Awe sought the continuous cooperation of all stakeholders and assured them of the Command’s commitment to promoting ease of doing business and trade facilitation.

 

He appreciated the Officers and Men of the Command for their dedication to the noble course of combating smuggling. He encouraged them to always adhere strictly to the rules of engagements while discharging their statutory duties.

Continue Reading

Customs Corner

Nigeria Customs Poised for Increased Economic Activities at Lagos Free Trade Zones

Published

on

…As LFTZ Command Records N138B in 6 months

Author: Lucy Nyambi.

The Nigeria Customs Service has expressed its readiness to handle Increased Economic Activities at the free zones in Lagos, as well as the Lekki Deep Sea Port.

Speaking during his familiarisation tour of the Lekki port and the free zones on Monday, 22 July 2024, the Zonal Coordinator Zone ‘A’, ACG Saidu Yusuf, said the service is well equipped to cover more economic terrains.

His words, “This is the future in Nigeria because what we are seeing is going to translate into a huge factor in the Nigerian economy. A lot of activities are happening here, and I am sure we are expecting more activities as well.”

“Infrastructure is being developed, and for us in Customs, we are very ready with our capacity building, and with the calibre of officers we have on the ground, I think we are up to our game to receive more factories and to cover more activities in the zone”, ACG Yusuf stated.

The Zonal Coordinator also visited the Lagos Free Trade Zone Command. He expressed delight at the level of improvement by officers and men of the command in barely 3 years of operation.

“I must confess that I’m really impressed with what I have seen today in the Command, it means the officers are really working, and what we need to do is to encourage them, just like has been done by the Comptroller-General of Customs (CGC), Adewale Adeniyi, has been rolling out procedures and tools for the smooth operation of customs procedures. I’m sure by the time all the tools are fully operational, this command will come up very well in terms of revenue.”

The Customs Area Controller (CAC) Comptroller Olanrewaju Olumoh appreciated the Zonal Coordinator’s visit while also acknowledging the performance of the command since his assumption.

The CAC stated that he and his team have been upholding the core values of professionalism and integrity and doing remarkably well in revenue generation. “In the area of revenue, from January 2024 till date, the command has generated the cumulative sum of N138,179,207,744.00 as against the sum of N28 billion generated in the same period last year.”

Comptroller Olumoh noted that the revenue collected represents a 393.4% increase and expressed optimism about meeting and surpassing the Command’s target.

Stating further, Olumoh said though the command remains user-friendly, it remains committed to ensuring that illicit and harmful items do not enter the country through the Lekki Port. “Our officers conduct comprehensive physical inspection because we are very much committed to ensuring that no unscrupulous elements will bring in illicit or harmful items into the country through the Lekki port.”

In line with the desire of the CGC Adeniyi to have a very healthy workforce, the Zonal Coordinator commissioned a clinic set up by the Command within the office premises for officers to have easy access to first aid attention.

Continue Reading

ADVERTISEMENT

ADVERTISEMENT

Trending