The Nation Newspaper

Tag: POWER

  • Our €1b support for power, agric, others in Nigeria, by French agency

    Our €1b support for power, agric, others in Nigeria, by French agency

    Country Office of the French development agency, Agence Francaise de Development, says it has spent about one billion euros in Nigeria since 2008.

     A statement by Mr Olivier Delefosse, AFD’s Country director, yesterday in Abuja, said the agency’s support for the private sector was one of its priorities in Nigeria.

      The agency said it allocated over $310 million to urban development sectors between 2010 and 2015.

    “Since the opening of the AFD County Office in Abuja, AFD’s group has committed about one billion euros.

      “The strategy of AFD in Nigeria is in three aspects including support to Small and Medium Enterprises (SMEs) and Family Agriculture.

    “The others are scaling up access to power and promoting renewable energy and energy efficiency, and improving urban infrastructure,” it said.

    It said support to SMEs and family farming, following the restructuring and consolidation of the banking sector after the crisis in 2009 had created a favourable environment.

      The agency said the aim was to support and diversify growth and tackle unemployment.

    “AFD’s operations in this sector include allocation of bank guarantees (ARIZ), which allow local banks to share risk on loans to Nigerian SMEs.

    “In 2015, AFD allocated $130 million of financing to the Federal Government to support projects.

    “This was in co-financing with the World Bank, African Development Bank and German KfW, to support the creation of an SME development bank (Development Bank of Nigeria).”

     In supporting agricultural and rural development, AFD pledged to support the process of economy diversification and efforts to reduce geographical and social imbalances between North and South and between the urban and rural population.

     It said the measure was to increase the productivity of family farming, which was still subsistence-oriented, while limiting the rural-urban migration.

    It noted that access to electricity remained the Federal Government’s top priority for its development policy.

     “Nigeria is part of the first wave of sub-Saharan African countries targeted by the UN Sustainable Energy for all initiative.

    “AFD has taken part in this challenge by supporting the power transmission sector, backbone of the power grid.

     “AFD is therefore supporting the state-owned company – Transmission Company of Nigeria – for the development of its power transmission links to the main distribution centres,” it said.

     It said an initial project to increase the supply of electricity to Abuja received a first allocation $170 million in 2013, and a second financing phase was envisaged.

     AFD said it was working on renewable energies, energy efficiency, and would support vocational training in the power sector and finance DisCos’ investments.

     “Another major development priority of the government is to improve livelihood in Nigerian cities where 50 per cent of the country’s population lives.

     “Urban Development is therefore one of the main focus for AFD’s operations in Nigeria.

     “In this regard, AFD is supporting several initiatives in the Urban Water and Public Transport sectors, as well as for Urban Renewal in Lagos,” it added.

  • Encounter with the power of his resurrection! (2)

    Happy Easter Sunday to you in the name of Jesus Christ! May the reasons for Christ’s resurrection continually speak in your life and in those of your loved ones in Jesus’ name! (Revelation 5:12).Have a Happy and Glorious Easter Celebration!In this week’s edition, we shall conclude this teaching series by examine the Virtues in the Power of Christ’s Resurrection, which include:

    • Resurrection is a demonstration of the exceeding greatness of God’s plan: The Bible says: And with great power gave the apostles witness of the resurrection of the Lord Jesus: and great grace was upon them all (Acts 4:33; Ephesians 1:19-20).
    • It is the gateway to the restoration of man’s dominion:Jesus said to His disciples, “…All power is given unto me in heaven and in earth,” and “As My Father hath sent Me, even so send I, you.” This implies that in the power of Christ’s resurrection lies our dominion (Matthew 28:18; John 20:21; See also Genesis 1:28; Psalms 82:6; Acts 14:11).
    • It is our access to the deep things of God: Remember, before Resurrection, no one could enter into the holy of holies of the temple without the Blood. However, after Resurrection which was at the cost of the Blood, the veil covering the temple was torn into two and we were translated into realms of revelation (Hebrew 9:1-4 Matthew 27:51;Colossians 1:13; Hosea 4:6; Isaiah 5:13; John 8:32; Isaiah 61:1-3, 8, 22).
    • It is our access to peace that passes all knowledge: After Resurrection the Bible records that: …After eight days again his disciples were within, and Thomas with them: then came Jesus, the doors being shut, and stood in the midst, and said, Peace be unto you (John 20:26; See also Exodus 14:14; Psalms 46:10; Mark 4:37-39).
    • It is our access to strength, health, vitality and longevity: Remember that man is a product of God’s breath. This is because after God created man, He breathed into him and man became a living soul. This implies that every organ in man was created by God’s breath. Again, it is important to know that after Jesus resurrected, He breathed on His disciples the resurrection breath and said, “Receive ye the Holy Spirit.” That breath is what quickens (empowers) our mortal bodies with strength, vigour and vitality (Genesis 2:7; John 20:21-22; Romans 8:11; 1 Corinthians 15:45; Proverbs 18:14; John 14:19).
    • Itempowers our access to Visions: The power of Resurrectiongrants us access to God’s divine visions, plans and purposes for our lives. It also releases men into their destinies. For Instance, after Christ’s resurrection, He said to Peter, thrice, “…Feed My sheep.”(John 21:15-17; See also Joel 2:1-11;Acts 4:33).
    • This power establishes our supernatural change of position: As it is written:And hath raised us up together, and made us sit together in heavenly places in Christ Jesus (Ephesians 2:6; See also Luke 24:5-6).

    Furthermore, the Bible admonishes us:Giving thanks unto the Father, which hath made us meet to be partakers of the inheritance of the saints in light: Who hath delivered us from the power of darkness, and hath translated us into the kingdom of his dear Son (Colossians 1:12-13).

    However, it is important for us to know that the Resurrection power translates us from:

    Filthiness to Holiness: While writing on the Resurrection of Jesus Christ, Apostle Paul declared that sin shall no longer have dominion over us, because of the Power of the Resurrected Christ at work in us. Therefore, when we engage the Resurrection power, we are translated from filthiness to holiness (Romans 1:4, 6:4, 14).

    Captivity to Liberty: The Bible says: Jesus, when he had cried again with a loud voice, yielded up the ghost. And, behold, the veil of the temple was rent in twain from the top to the bottom; and the earth did quake, and the rocks rent; And the graves were opened; and many bodies of the saints which slept arose,And came out of the graves after his resurrection, and went into the holy city, and appeared unto many (Matthew 27:50-53).

    Sickness to Health: The Bible states that: But if the Spirit of him that raised up Jesus from the dead dwell in you, he that raised up Christ from the dead shall also quicken your mortal bodies by his Spirit that dwelleth in you( Romans 8:11).

    Defeat to Triumph: Resurrection is the seal of our triumph.  This is because by the act of Resurrection, we are ordained for unquestionable triumph all through our journeys in life (Colossians 2:15; Ephesians 1:20-21, 2:6).

    Struggles to Breakthroughs: When Jesus Appeared to His disciples after His Resurrection, He said to them, “…Children, have ye any meat?” They answered Him, “No.” Then He said to them, “Cast the net on the right side of the ship and ye shall find.” When they did, the Bible records that they drew in multitude of fishes (John 21:5-6).

    Shame to Glory: As it is written: So also is the resurrection of the dead. It is sown in corruption; it is raised in incorruption: It is sown in dishonour; it is raised in glory: it is sown in weakness; it is raised in power (1 Corinthians 15:42-43; See also Isaiah 61:1, 7).

    Death to Life: As believers, the Resurrection power restored our dominion over death (John 14:19; Hebrews 2:14-15; Revelation 1:18; Matthew 27:51-53; Acts 14:19-20).

    In conclusion, the Bible records that after Resurrection, Jesus …shewed Himself alive after His passion by many infallible proofs, being seen of them forty days, and speaking of the things pertaining to the Kingdom of God (Acts 1:3).

    Furthermore, Jesus said to His disciples after His resurrection:Peace be unto you: as my Father hath sent me, even so send I you. And when he had said this, he breathed on them, and saith unto them, Receive ye the Holy Ghost… (John 20:21-23).

    From the above scriptures, God said to me, “Tell My people to get set for my ‘Resurrection Breath’ and this will be made manifest in various dimensions in the next 40 days.”

    Therefore, in this post Resurrection season, we must be spiritually alert and properly positioned to experience these diverse manifestations of the Resurrection power of Christ. It shall indeed be a celebration of testimonies in every aspect of our lives in the name of the Resurrected Christ.

    Is Jesus your Saviour and Lord? Are you born again? If you are not, you can say this prayer and you will be born again: “Lord Jesus, I come to You today. I am a sinner. Forgive me of my sins. Cleanse me with Your precious Blood. Deliver me from sin and satan to serve the Living God. Today, I accept You as my Lord and Saviour. Thank You Jesus for saving me! Now I know I am born again!”

    For further reading, please get my books: Possessing Your Possession, Walking In The Newness Of Life, Exploring The Riches Of Redemption and All You Need To Have All Your Needs Met.

    I invite you to come and fellowship with us at the Faith Tabernacle, Canaanland, Ota, the covenant home of Winners. We have five services on Sundays, holding at 6:00 a.m., 7:35 a.m., 9:10 a.m., 10:45 a.m. and 12:20 p.m. respectively.

    I know this teaching has blessed you. Write and share your testimony with me through: Faith Tabernacle, Canaanland, Ota, P.M.B. 21688, Ikeja, Lagos, Nigeria; or call 01-4548070, 01-4548280; or E-mail: feedback@lfcww.org

     

  • TUC to NERC: Ensure stable power before tariff hike

    The Trade Union Congress of Nigeria (TUC) has reiterated its position against moves by the Nigeria Electricity Commission (NERC), electricity distribution and generation companies (DISCOs and GENCOs) to increase electricity tariff. The TUC said the move was anti-people and lacked every sense of logicality.

    In a communiqué by the TUC President, Comrade Bobboi Kaigama, after a meeting with NERC officials, on Tuesday, Kaigama described as lame the argument in some quarters that an act of the National Assembly actually empowers the Commission to unilaterally increase tariff and that the act cannot be tampered with even by the federal parliament.

    “For us, any act, policy or idea that does not consider the poor masses is undemocratic and evil. It is evil because it further impoverishes the masses. Naturally, our thinking is that business is all about investment and profit and not the other way round. Every business has its gestation period before it starts generating profit. Unfortunately, NERC and the investors do not want to go through the pains,” Kaigama said.

    The TUC president argued that if the investors need contributions from people to invest, it automatically makes the people shareholders to the company. “For NERC, DISCOs and GENCO to give the consumers crazy bills in order to rake in enough money without making them partners is unacceptable and fraudulent,” he said.

    Kaigama said it is imperative that investors realise that government privatised the sector because it could no longer fund it, adding that the investors are expected to fund the sector without inflicting pains on the masses.

    “The Congress told the NERC officials that truly the challenges in the sector are enormous, which remains the reason why it was privatised. However, the officials were advised to re-strategise. Nigerians are good followers and shall be willing to pay their bills if the product is made available.

    We are not ready to pay for the electricity we do not consume,” he said.

  • Expert seeks bank for power sector

    The Group Managing Director of CFL Group of Companies, Mr. Lai Omotola, has canvassed the establishment of a finance development bank for the power sector to address the frequent changes in electricity tariff.

    He said the recently approved 45 percent increase in tariff by the Federal Government was not the answer to the crisis in the power sector.

    Omotola attributed the increase to the failure of indigenous companies that bought the nation’s power assets to source for the technical partners that could bring in some equities.

    During an interaction with reporters in Lagos, he said Nigerian banks provided over 80 per cent of the $2.6 billion that was used to purchase the power assets in 2013 on short tenor loans.

    He said: “It would have been the other way round and the sector would have been virile, had the investors been mandated to bring in foreign investors who would bring in their equities in terms of the capital mix, about 60 percent equity.”

    He explained that most of the funds were sourced from the banks. It is debt, which is now creating a little bit of pressure on our financial system.We find a situation whereby the Nigerian banks are the major, if not the sole financiers of the acquisition of the power assets.

    “There are two factors with the Nigerian banks. One is high interest rate. Two is the tenure of their funds. These factors mean that commercial banks by their very nature cannot finance the electricity industry. They can only serve to raise working capital incentive. What we find is that the Nigerian banks are financed in dollar-dominated terms.

    “Already, the interest rate has gone on the high side. Even, the value of dollar to naira had doubled over the space of two years. The resultant effect is that the accounts of our indigenous companies are not doing well with our banks.

    “If their accounts are not doing well with the banks, the ability of the companies will be stalled. Also, the ability of the indigenous companies to pay loans will be stalled. Finally, the ability of the indigenous companies to generate additional funding will be stalled,” Omotola said.

    He said the Nigerian banks could only finance projects for about two or three years after which the banks would want to see their funds coming back, so our banks are not suited to fund the power sector. He faulted a statement credited to the Minister of Power, Works and Housing, Mr. Babatunde Fashola that no bank would want to fund the power industry because of the low tariff, which makes it not bankable before the current controversial increase.

    Omotola challenged Fashola to name the bank he was referring to, noting that if Fashola was referring “to Nigerian banks, the business model of the indigenous companies will not work. The interest rate and fund tenure will not make it work.”

    He urged the Federal Government to set up a finance development bank that is strictly meant for development projects such as power projects. If our indigenous banks will play any role, it will be in the area of providing working capital. For these indigenous companies in power sector to survive, they need very low interest rate with very long-term loan, he said.

  • The healing power of colours

    The healing power of colours

    We are all deeply affected by colours more than we realise. Colours can evoke in us memories of events buried in the mind. Seeing a colour can evoke feelings of joy, pain, love, sorrow, belonging and acceptance. Colour is the window to the hidden depths of our complex soul. We all know that there are many aspects of ourselves that are hidden from us. Sometimes we are afraid to look into our soul, for we may not like what we see. Colour creatively links us with our inner selves. It re-binds, re-unites and re-creates. Colour is very much with us as our guide and motivator. Colour is the forgotten healer within us, the voiceless voice, and the healing ray within.

    Colour refreshes, reenergises and reactivates. It softens the hard heart, consoles the sad, soothes the weary, enlivens the depressed, calms the excited and reorients the confused. Do you often experience failure in your business? Do you have problem keeping friends? Do you have problem passing your exams? Are you jobless and need a job?  Do you suffer from constant headache, perennial stress, persistent fever, recurring nightmares, irregular heartbeat, problematic blood pressure, painful menstruation or difficulty in conception? Do you know the cause of all these ailments? Well, colour knows. You know too, only that you don’t know that you know. Get attuned to colour, and it will teach you many things.

    From sunrise to sunset, light changes in brightness and intensity. As the morning sun rises, hues of red, gold or orange envelops the earth.  Have you ever gone off to garden or a hill and gazed at the morning sun as it rises?

    The animals respond creatively as the red/gold rays of the sun energises their cells and they feel a new lease of life. The Lions roar. The birds sing. The cocks crow. The leopards leap. The plants radiate aliveness and health as they bask in the rays of the sun. Each plant and animal respond in thankfulness to God for the sheer gift of life. Human beings, on the other hand, are often too busy to notice the resplendent beauty of light. Those who live in the cities do not even have the luxury of being able to relax and gaze into the sky to notice the beauty of the rising sun, no thanks to our sky scrappers and luxurious metallic confinements we call cars. Colour affects us at the different layers of our being, whether we see it or not. Every cell in the body is very sensitive to light and absorbs colour rays easily.                Attraction to a particular colour is attraction to a very specific sort of energy. Colour, like food, supplies needed nutrients to the body. A person’s favourite colour reflects the energy that they need to maintain balance. If you are attracted to a particular colour, it is to reinforce you by supplying what you need. If you don’t feel comfortable with a colour, it could be that you have too much of a particular energy which that colour supplies and so you need to balance it with another energy. For example, if you feel lonely, shy and withdrawn, indigo will only add to your feeling of isolation and will not make you comfortable. Indigo creates a feeling of aloneness, solitude, being alone, and that is not what a lonely person wants. Such a person will be more drawn toward red. On the other hand, a hyperactive person will be drawn toward blue. Rejecting a particular colour may indicate the aspects of our lives that we are not willing to face and change.

  • Expert seeks bank for power sector

    Expert seeks bank for power sector

    The Group Managing Director of CFL Group of Companies, Mr. Lai Omotola, has canvassed the establishment of a finance development bank for the power sector to address the frequent changes in electricity tariff.

    He said the recently approved 45 percent increase in electricity tariff by the Federal Government not  not the answer to the crisis in the power sector.

    Omotola attributed the increase to the failure of indigenous companies that bought the nation’s power assets to source for the technical partners that could bring in some equities.

    In an interaction with reporters in Lagos, he said Nigerian banks provided over 80 per cent of the $2.6 billion that was used to purchase the power assets in 2013 on short tenor loans.

    He said: “It would have been the other way round and the sector would have been virile, had the investors been mandated to bring in foreign investors who would bring in their equities in terms of the capital mix, about 60 percent equity.”

    He explained that most of the funds were sourced from the banks. It is debt, which is now creating a little bit of pressure on our financial system.We find a situation whereby the Nigerian banks are the major, if not the sole financiers of the acquisition of the power assets.

    “There are two factors with the Nigerian banks. One is high interest rate. Two is the tenure of their funds. These factors mean that commercial banks by their very nature cannot finance the electricity industry. They can only serve to raise working capital incentive. What we find today is that the Nigerian banks are financed in dollar-dominated terms.

    “Already, the interest rate has gone on the high side. Even, the value of dollar to naira had doubled over the space of two years. The resultant effect is that the accounts of our indigenous companies are not doing well with our banks.

    “If their accounts are not doing well with the banks, the ability of the companies will be stalled. Also, the ability of the indigenous companies to pay loans will be stalled. Finally, the ability of the indigenous companies to generate additional funding will be stalled,” Omotola said.

    He said the Nigerian banks could only finance projects for about two or three years after which the banks would want to see their funds coming back, so our banks are not suited to fund the power sector. He faulted a statement credited to the Minister of Power, Works and Housing, Mr. Babatunde Fashola that no bank would want to fund the power industry because of the low tariff, which makes it not bankable before the current controversial increase.

    Omotola challenged Fashola to name the bank he was referring to, noting that if Fashola was referring “to Nigerian banks, the business model of the indigenous companies will not work. The interest rate and fund tenure will not make it work.”

    He urged the Federal Government to set up a finance development bank that is strictly meant for development projects such as power projects. If our indigenous banks will play any role, it will be in the area of providing working capital. For these indigenous companies in power sector to survive, they need very low interest rate with very long-term loan, he said.

  • Power biggest problem for businesses, says World Bank

    Power biggest problem for businesses, says World Bank

    The World Bank has identified inadequate electric power supply as the biggest problem facing Nigeria’s private sector operators.

    According to its study titled: The Nigerian Private Sector and its Challenges, presented by its Specialist, Finance and Private Sector, Mr. Michael Wong, in Abuja, yesterday, the two other worst problems of confronting businesses are corruption and access to finance.

    He said: “Nigerian managers of formal firms were most likely to report electricity, corruption and access to finance as serious obstacles to business performance. Firms in Nigeria are significantly more affected by power outages than firms in comparator countries. Nigerian firm managers reported that losses due to power outages were approximately 17 per cent of sales. Firms in Lagos and other Southern states reported the highest losses- equivalent to more than 20 per cent of sales. Firms in Northern states rank political instability among the biggest constraint.”

    The report berated “the drive to shore up Internally Generated Revenue of the last Lagos State government under Mr. Babatunde Fashola as an impediment to operational growth by companies that responded in the study.”

  • Buhari to go after power saboteurs

    Buhari to go after power saboteurs

    The Federal Government has described the shutdown of the national transmission facility in Osogbo and Ikeja Disco by some unionists as an economic sabotage.

    It warned yesterday that pipeline vandals and power infrastructure saboteurs will be punished.

    Minister of Information and Culture Alhaji Lai Mohammed gave the warning in a statement issued in Abuja by his Special Adviser, Segun Adeyemi.

    He said the repeated attacks on oil and gas pipelines and wilful shutdown of power facilities by protesters amount to economic sabotage.

    Mohammed added that these have combined to drastically reduce power generation/transmission and fuel supplies, stressing that no government would tolerate saboteurs.

    His words: “Vandals, whatever their motives are, cannot and will not be treated with kid-gloves because their actions constitute a clear and present danger to the nation’s economic, social and political well being.

    “The attack on the Forcados Export Terminal that has affected gas production by oil firms and reduced gas supply to power generating plants and the shutdown of the Utorogu gas plant are totally condemnable and cannot be allowed to continue.

    “Also, while this administration will not do anything to abridge the constitutional rights of any individual or group to carry out protests, it will also not tolerate a situation in which anyone will hide under the guise of legitimate protests to sabotage power infrastructure.

    “The shutdown of the national transmission facility in Osogbo and the Ikeja Disco by some unionists amount to economic sabotage,” he said.

    Mohammed said the government was aware that as it steps up the fight against corruption, “corruption will vigorously fight back in many forms, including the destruction/sabotage of key national infrastructure to make the government look bad”.

    “However, nothing will make this government to slow down in its anti-corruption fight and no one who is corrupt will be spared,” he assured.

    The minister appealed to Nigerians to join hands with the government to check the activities of unpatriotic elements, who have taken it upon themselves to work against the people’s interest.

    Mohammed added: “When oil and gas facilities are vandalised, the impact is felt directly by Nigerians. When power infrastructure is sabotaged for whatever reasons, Nigerians bear the brunt. While those actions may be aimed at discrediting the government, those who pay the price are the vast majority of innocent, law-abiding and well-meaning Nigerians, not the vandals or the saboteurs.

    “This is why Nigerians must not allow the few recreants behind these attacks to hold sway.”

    He said the power situation is gradually improving as generation has now increased to around 4,000MW while the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, has assured that the prevailing fuel queues would gradually ease in the next few days.

  • Expert seeks finance devt bank for power sector

    The Group Managing Director of CFL Group of Companies, Mr. Lai Omotola, has canvassed the establishment of a finance development bank for the power sector to address the frequent changes in electricity tariffs.

    He said the recently approved 45 percent increase in electricity tariff by the Federal Government not  not the  answer to the crisis in the power sector. Omotola attributed the increase to the failure of indigenous companies that bought the nation’s power assets to source for the technical partners that could bring in some equities.

    Omotola in an interaction with reporters in Lagos, stated that Nigerian banks provided more than 80 per cent of $2.6 billion that was used to purchase the power assets in 2013 on short tenor loans.

    He said: “It would have been the other way round and the sector would have been virile, had the investors been mandated to bring in foreign investors who would bring in their equities in terms of the capital mix, about 60 percent equity.”

    He explained that most of the funds were sourced from the banks. It is debt, which is now creating a little bit of pressure on our financial system. We find a situation whereby the Nigerian banks are the major, if not the sole financiers of the acquisition of the power assets.

    “There are two factors with the Nigerian banks. One is high interest rate. Two is the tenure of their funds. These factors mean that commercial banks by their very nature cannot finance the electricity industry. They can only serve to raise working capital incentive. What we find today is that the Nigerian banks are financed in dollar-dominated terms.

    “Already, the interest rate has gone on the high side. Even, the value of dollar to naira had doubled over the space of two years. The resultant effect is that the accounts of our indigenous companies are not doing well with our banks.

    “If their accounts are not doing well with the banks, the ability of the companies will be stalled. Also, the ability of the indigenous companies to pay loans will be stalled. Finally, the ability of the indigenous companies to generate additional funding will be stalled,” Omotola said.

    He said the Nigerian banks could only finance projects for about two or three years after which the banks would want to see their funds coming back, so our banks are not suited to fund the power sector. He faulted a statement credited to the Minister of Power, Works and Housing, Mr. Babatunde Fashola that no bank would want to fund the power industry because of the low tariff, which makes it not bankable before the current controversial increase.

    Omotola challenged Fashola to name the bank he was referring to, noting that if Fashola was referring “to Nigerian banks, the business model of the indigenous companies will not work. The interest rate and fund tenure will not make it work.”

    He urged the Federal Government to set up a finance development bank that is strictly meant for development projects such as power projects. If our indigenous banks will play any role, it will be in the area of providing working capital. For these indigenous companies in power sector to survive, they need very low interest rate with very long-term loan, he said.

  • Power generation drops to 2,000Mw

    Power generation in the Nigerian Electricity Supply Industry (NESI) on Tuesday  dropped to about 2,000 Mega Watts (Mw) from a peak generation of 4,300MW early in the week.

    The decline followed a partial system collapse at the Shiroro Power Station, The Nation learnt .

    It was also gathered  that due to the collapse, the Transmission Company of Nigeria (TCN) reduced the allocation to the Abuja Electricity Distribution Company (AEDC) from 450MW to 245MW yesterday .

    However, the situation yesterday worsened to the extent that  allocation to the Abuja Disco stood at about  181.77Mw.

    A source said there was a partial system’s collapse on Tuesday at Shiroro, which brought down generation to about 2000MW from the 4300 peak that was attained earlier in the week.

    This brought down AEDC’s allocation on Wednesday to about 245MW from its normal baseline of about 450MW.

    “At about 7.34am today, (yesterday the allocation rose to about 327MW, but caved

    in again at 9.48am to 181.77MW. The situation deteriorated to 131.77MW as at 1.25pm,” a source said