Mainstream Energy Services Limited (MESL) has increased its generation from 542 megawatts (Mw) to 922Mw and plans to increase it to 1,300Mw.
MESL was licensed as a power generating firm in 2011. It acquired Kainji and Jebba Hydro Power Plants through a concession agreement in November 2013.
The two plants are 100km apart with Kainji dam situated on the upstream of Jebba. The two hydro power plants have installed capacities of 760Mw and 578.4Mw.
In a communiqué at the end of the August ministerial meeting of the Minister of Power, Works and Housing with operators of the power sector, held in Minna, Niger State, Mainstream Energy stated that it is committed to funding the Mainstream Foundation as its corporate social responsibility initiative.
Mainstream also confirmed that five industrial customers were benefitting from the Eligible Customer regulation as they are taking their power from its facilities and paying.
Also, the meeting was told there were desires by industrial customers seeking to benefit from the policy of Eligible Customers.
Also, the progress being on the Meter Asset Provider (MAP) scheme was discussed and noted that it would attract investment to support the electricity distribution companies (DisCos) to meter customers.
Observers said the challenges of the industry were on distribution infrastructure expansion and supply of meter, though challenges on generation and transmission remain.
Fashola directed the electricity generating companies (GenCos) to assist in harmonising invoices of gas suppliers to resolve payment issues in the value chain.
It was noted that recovery of payments by GenCos had increased from 20 to 80 per cent; and that power supply capacity has improved from 4,000Mw to 7,000Mw since the implementation of the N701billion Payment Assurance Facility (PAF) began last year.
The Niger Delta Power Holding Company (NDPHC) was commended for completing some projects, including the 2x15MVA, 33/11kV Injection substation at Okene; 2×7.5MVA, 33/11kV substation at Kabba; 2x15MVA, 33/11KV at Confluence Beach; and 1×7.5MVA, 33/11KV at Felele all in Kogi State.
The Nigerian Electricity Regulatory Commission (NERC) also acknowledged receipt of directive by the Federal Government to work out and implement Competition Transition Charges as provided by Law, to allay DisCos’ fears of loss of revenue from various policies of Government; encouraged State Governments to work with the DisCos to improve power supply in their respective states, among others.
