Operational Performance Analysis of Generating Power Plant

Human existence is heavily dependent on availability of electricity, and as such, poor performance of electric power systems in Nigeria often leads to unfavourable circumstances resulting from the failure of most electricity dependent systems. This study appraises the power generation system of a steam turbine power plant in Nigeria. Operational performance analysis was performed using productivity, profitability, and price recovery indices as measures of performance. Operational analyses revealed the average productivity, profitability, and price recovery indices of the power plant to be 1.05, 1.06, and 1.19, respectively, while their corresponding monetary contributions were ₦26,638,673,643.35; ₦39,854,453,032.67 and ₦13,215,779,389.32. On the long run, it was discovered that the performance indices and their monetary contributions were directly related. In conclusion, the necessity of performance analysis as a critical appraisal tool has been established. Carrying out similar actions across the power system value chain will ensure the optimum operation of the entire system.