Description: Power generation is the first phase of the power supply chain and the operations of power generation companies (GenCos) are critical to the existence of the entire supply chain. The unbundling and privatization of the Nigerian power sector saw the birth of six successor generation companies (Successor GenCos). In addition to the Successor GenCos, there are several on-grid Independent Power Plants (IPP) and the 10 thermal power plants built under the National Integrated Power Projects (NIPP). Together, these GenCos have an installed generation capacity of over 13,000 MW.
Objectives: This award category seeks to recognize generation companies who have demonstrated excellence, improvements and optimum efficiency during the period under consideration in the following areas:
- Operational performance and performance improvement.
- Financial performance.
- Community development
- Health and Safety
- Organizational sustainability
The generation company categories are: