Mr. Kola Jamodu, president, Manufacturers Association on Nigeria (Man), said that over two thousand and five hundred manufacturing companies spend N24billion yearly to maintain their generators, diesels and gas turbines.
Speaking at the Third WorldStage National Electricity Power Conference, the Man’s president said the firms spend an average of N1.950billion monthly.
In his paper titled: “Electricity power audit conducted on members of MAN in 2012”, said the real sector operators spend a lot of money to provide alternative source of energy for their operations.
He stated that more manufacturers were planning to relocate to neighbouring countries, such as Ghana and Togo, if the National Electricity Regulatory Commission (Nerc) refused to give them some concessions.
Jamodu, who was represented by Reginald Odiah, chairman, Infrastructure Committee, Man, said the number of power plants owned and installed in-house by manufacturers was 4,480 units.
He said the plants include diesel/gas powered turbines, generators, among others.
He explained that an in-house generator has capacity for 5,150 mega watts, while the supply from the Power Holding Company of Nigeria was 1,018 mega watts.
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