Power generation at the weekend dropped to 2,854.3MW, the electricity generation companies (Gencos) disclosed.

System Operation of the Transmission Company of Nigeria (TCN) which disclosed this on its website, said the peak generation that was recorded on August 23, 2019, was 4,439.8mw.

It added that energy recorded in that day was 86,033.72mwh, which is equivalent to 3,584.7MW.

The decline in power generation was not unconnected to the electricity Distribution Companies (Discos) low demand for power, which culminated in the reduction of generation and zero level production of some of the Gencos.

Dr. Marilyn Amobi, Managing Director, Nigeria Bulk Electricity Trading (NBET) Company said last week that in the context of the N701billion power sector intervention fund, the federal government paid N105billion as five percent to Gencos for unused electricity.