Mainstream Energy Solutions Limited have added another feather to their cap as the power firm has increased it’s power generation as announced today via social media.
The organisation was quoted to have said:
Taking over in November 2013, Mainstream #Energy #Solutions Limited met 582MW available #capacity in both the Kainji and Jebba plants. Now we are proudly 922MW and ready for more #Power business. What are your 2MW power needs? #Hydro #Power #EligibleCustomer.
4 Months ago, a publication by the power firm was quoted to have read:
The management of Mainstream Energy Solutions Limited, operators of Kainji Hydro Power Plant and Jebba Hydro Power Plant, said it has reached agreement with six companies to sell bulk electricity directly to them. The move is coming on the heels of the commencement of the eligible consumer rules by the challenge of power loss attributed the inability of the Nigerian Electricity Regulatory Commission (NERC). Managing director/ chief executive officer (MD/CEO) of the company, Engr. Lamu Audu, stated this yesterday while speaking with journalists. Speaking with the team who visited the company’s site to see the level of progress made by the new owners since it was concessioned in 2013, Audu stated that adoption of the eligible customers rule to would not only help resolve the financial challenges currently facing GenCos but would enable them attract new investors. He described the situation where GenCos generate power but was rejected by the transmission company of Nigeria (TCN) and distribution companies (DisCos) due to lack of infrastructure as not only frustrating but huge loss to them as they were not paid for such waste. Speaking on financial losses his company has incurred due to the rejection of generated power, Audu said both Kainji and Jebba plants has lost about N6.4 billion in the last three years (January 2015 – January 2018). “We have reached agreement with six companies to supply them power directly as a result of the eligible customers rule. “This move will lead to the revival of moribund companies which were closed because of power supply. “Some of these companies have even laid their own lines to get supplies. We’re just waiting for approval from TCN, NERC and other relevant agencies as well as some finishing touches to commence the deal,” he stated.
Mainstream Energy Solutions Limited (MESL) was incorporated and licensed as a power generating company in 2011. MESL acquired Kainji and Jebba Hydro Power Plants (HPP) with a total installed capacity of 1338.4MW through a concession agreement in November 2013. The two hydro power plants are cascaded 100km apart with Kainji dam situated on the upstream of Jebba.