From David Onuoja, Abuja
The Association of Power Generation Companies in Nigeria (APGC), has lamented that, liquidity shortfalls, gas constraints, infrastructure bottlenecks, and policy inconsistencies is the major problem faced by the association since its inception.
The Chief Executive Officer (CEO), of the Companies, Dr. Joy Ogaji, stated this while speaking on the formation, processes, policies and the problems faced during the 10th anniversary of the Association held at Niger-Delta Power Holding Company headquarters (NDPHC ), in Abuja.
The theme of this year celebration titled: “A Decade of Powering Progress: Driving Nigeria’s Energy Transformation”, is in place; as APGC gather to commemorate a decade of dedication, hard work, and commitment to excellence in the power generation industry.
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According to Ogaji, “Over the past 10 years, we have navigated challenges, seized opportunities, and forged strong partnerships that have enabled us to achieve remarkable milestones.
“Ten years ago, the power sector stood at the crossroads of transition. The privatization of 2013 opened new doors, but also new uncertainties. Generation Companies (GenCos), were born into an evolving market, filled with promise, yet fraught with challenges: liquidity shortfalls, gas constraints, infrastructure bottlenecks, and policy inconsistencies.
“In that moment of uncertainty, APGC emerged, not just as an organisation, but as a voice, a bridge, and a conscience for Nigeria’s power generation industry.
“Over the past decade, the APGC has remained unwavering in its mission to provide a level playing field for members, share knowledge, and promote best practices that enhance operational excellence and policy integrity within NESI”, she revealed.
Speaking about the association, she added, “we have Supported capacity-building initiatives and represented GenCos’ collective interests at national and international energy dialogues.
“We have not only built relationships; we have built trust. We have not only spoken; we have been heard, and through perseverance, we have ensured that the voice of Power generation Companies, the heart of Nigeria’s electricity system, remains strong and relevant.
“While we celebrate, we must also confront reality. The sector still faces recurring challenges, endemic liquidity challenges now hampering the operations of the GenCos, gas shortages, inadequate grid infrastructure, and regulatory uncertainty.
“These seeming endemic challenges are not insurmountable and not reasons for despair, they are reasons for resolve, because each challenge reminds us that progress requires strong political will, focused leadership, persistence and transformation demands unity.
“This anniversary is not just a celebration of where we are, but a call to action for where we must go toward a power sector that is viable, bankable, sustainable, transparent, and truly market driven”, the CEO added.
Dr Ogaji thanked the PRESIDENCY, Ministry of Power, NERC, TCN, NBET, NEMSA, NELMCO, NMDPRA, GACN, NGA, DECADE OF GAS, NSA, NASS, and other development agencies, for your continued collaboration and dialogue.
The Companies that made up of GenCos are: Transcorp Power Limited, Egbin Power Plc, Geregu Power Plc, Azura Power West Africa Limited, North South Power Company Limited, Ibom Power Company Limited, Sapele Power Plc, Mainstream Energy Solutions Limited, Niger Delta Power Holding Company (NDPHC), Mabon Energy Limited, KP Hydro Limited, Geometric Power Plc, First Independent Power Limited, Pacific Energy Company Limited, Trans Afam Power Limited, G-Eurafric Sapele Power Plc, and Taopex Energy Limited.
